Spirit Airlines

Spirit Airlines, Inc. is an airline that offers travel to customers. Its operations are concentrated in markets such as South Florida, the Caribbean, Latin America and the Northeast and Northern Midwest regions of the United States. The firm offers travel insurance, carry-on and checked baggage, online booking, and other services. The company was founded by Ned Homfeld in 1964 and is headquartered in Miramar, FL.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Spirit Airlines reports strong Q4 revenue, eyes growth amid challenges

Spirit Airlines navigated challenges in Q4 2022 while maintaining strong revenue performance and anticipating growth in Q1 2023.
The company faces operational hurdles with engine issues and delivery delays but is focused on financial improvement and operational enhancements.
Despite facing off-peak demand weakness and cost challenges, Spirit Airlines is optimistic about revenue growth and operational optimization opportunities.
Capacity adjustments and strategic initiatives position Spirit Airlines for improved performance and efficiency in the coming quarters.

Spirit Airlines posts robust Q1 results amidst operational challenges

Spirit Airlines delivered strong Q1 results despite challenges, focusing on operational improvements, cost efficiency, and network optimization. The company is addressing current constraints to achieve normalized profitability and aims for double-digit margins in the future.

Spirit Airlines faces operational challenges but stabilizes pilot attrition

Spirit Airlines' Q2 performance was impacted by operational challenges and lower fare levels, with the GTF engine issues affecting revenue and future operations. Despite these challenges, the company is focused on stabilizing operations, retaining pilots, and driving future growth through productivity and resolving key issues.

Spirit Airlines reports Q4 revenue decline, eyes profitability in 2024

Spirit Airlines navigates challenges from regulatory issues and cost pressures while focusing on revenue management and cost optimization to achieve positive margins in 2024.
Despite a decrease in total revenue, the airline sees improvements in unit revenue and aims to capitalize on opportunities like network reconfiguration and fuel efficiency enhancements.
Stable liquidity, ongoing recovery efforts, and a strategic outlook for 2024 position Spirit Airlines to weather challenges and drive profitability through operational improvements.
Analyst questions highlighted concerns about breakeven targets, labor cost rightsizing, and GTF engine compensation timing, indicating a focus on addressing key operational and financial issues.

Spirit Airlines addresses challenges, targets profitability with strategic initiatives

Spirit Airlines navigated revenue challenges and operational hurdles in Q1 2024, focusing on strategic network changes and cost reduction initiatives. The company aims to achieve operating profitability in the upcoming quarters, emphasizing adaptability to market trends and customer preferences.

U.S. Energy Initiatives Corp. is a diverse energy firm, which develops hybrid fuel systems and technologies. It engages in the production of biofuel, as well as develops products and services for the medical marijuana and hemp sectors. The company was founded in 1996 and headquartered in Woodland Hills, CA.

JetBlue Airways

Analysts say the merger will be good for consumers in terms of better onboard service and a larger combined network, but ultra-low fares will be left out.

JetBlue and Spirit have agreed to merge. Passengers may enjoy better service on the combined airline, but Spirit's low prices will vanish.

Source: Markus Mainka / Shutterstock.com Spirit Airlines (NYSE: SAVE ) stock is in the spotlight today after the company announced that JetBlue Airways (NASDAQ: JBLU ) has agreed to buy Spirit. JetBlue will buy the airline for $3.8 billion, or $33.50 per share.

SAVE Stock Takes Off as JetBlue Agrees to Buy Spirit Airlines

The company won the bidding war, but the real battle lies ahead.

Is JetBlue Stock a Buy After Spirit Deal?

Shares of Spirit Airlines Incorporated (NYSE: SAVE) are up nearly 5.0% on Thursday after the ultra-low-cost air carrier agreed to merge with JetBlue Airways Corporation (NASDAQ JBLU). Merger to face intense scrutiny The $3.80 billion all-cash transaction that's pending regulatory approval values “SAVE” at $33.

JetBlue finally succeeds in buying Spirit Airlines

Spirit Airlines stock jumped after it agreed to combine with JetBlue in a $3.8 billion deal. Southwest reports earnings.

Spirit Opts For JetBlue, But This Hurdle Could Create More Drama

JetBlue Airways reached a deal to buy Spirit Airlines for $3.8 billion, creating the fifth-largest airline in the U.S.

JetBlue Buys Spirit Airlines for $3.8 Billion

Spirit Airlines Incorporated (NYSE:SAVE) and JetBlue Airways Corporation (NASDAQ:JBLU) are in the spotlight today, after an update in the drawn-out takeover battle between JetBlue and Frontier Group (ULCC).

Call Traders Target Airliners After Acquisition Agreement

The airline pitches the merger as a "low-fare challenger" to America's big airlines.

JetBlue to Acquire Spirit Airlines To Form Fifth Largest US Airline

JetBlue Airways plans to acquire low-price carrier Spirit Airlines for $3.8 billion, the companies announced Thursday, in what would establish the fifth largest US airline.

US airline JetBlue announces $3.8 bn acquisition of Spirit

The JetBlue deal follows the termination of a merger agreement between Spirit and Frontier.

JetBlue Reaches Deal to Buy Spirit for $3.8 Billion

The Queens-based JetBlue has agreed to pay $33.50 a share in cash for Spirit as part of a $3.8 billion deal.

JetBlue wins takeover bid for Spirit in $3.8 billion buyout

JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create the nation's fifth-largest airline,

JetBlue announces deal to buy Spirit Airlines

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Spirit Airlines, Inc. (NYSE: SAVE) to JetBlue Airways Corporation is fair to Spirit shareholders. Per the agreement, JetBlue would acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit shareholders' approval of the transaction and a ticking fee of $0.10 per month starting in January 2023 through closing. Halper Sadeh encourag

SAVE Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Spirit Airlines, Inc. Is Fair to Shareholders

The deal will create the United States' fifth-largest airline if approved by regulators.

JetBlue Announces $3.8 Billion Deal For Spirit After Frontier Merger Fails To Take Off

JetBlue's deal comes hours after Spirit canceled a deal with Frontier. The merged airline will seek to "disrupt" the industry, JetBlue's CEO said.

JetBlue agrees to buy Spirit for $3.8 billion, creating the 5th-biggest US airline

The deal between JetBlue Airways Corp. and Spirit Airlines Inc. is valued at $3.8 billion, or $33.50 per share in cash. Spirit walked away from a deal with Frontier on Wednesday.

JetBlue agrees to buy Spirit in $3.8B deal

JetBlue's logical choice for a merger would have been Alaska Airlines, but today's dearth of skilled pilots makes executives unwilling to mix Boeing and Airbus fleets.

How the Pilot Shortage Made JetBlue Overpay for Spirit

JetBlue is buying Spirit Airlines in a $3.8 billion deal, a day after Spirit and Frontier Airlines agreed to abandon their merger proposal.

JetBlue Buys Spirit For $3.8 Billion, Creating Nation's Fifth-Largest Airline

Frontier Group Holdings

JetBlue Airways Corporation JBLU, +3.58% and Spirit Airlines Inc. SAVE, +3.93% said Thursday they have agreed that JetBlue will acquire Spirit in a deal with an equity value of $3.8 billion that ends a 3-way merger battle with Frontier Group Holdings Inc. ULCC, +6.42% . JetBlue will pay $33.50 a share in cash and a ticking fee of 10 cents per month starting in Jan. 2023 through closing, creating an adjusted enterprise value of $7.6 billion.

JetBlue and Spirit Airlines to merge in deal with equity value of $3.8 billion that ends 3-way merger battle with Frontier

Spirit Airlines Inc on Thursday agreed to a sweetened $3.8-billion offer from low-cost rival JetBlue Airways Corp, ending a drawn-out battle for the carrier that would help create the fifth-largest U.S. airline.

Spirit Airlines agrees to be bought by JetBlue in $3.8-billion deal

JetBlue Airways reached a deal to buy Spirit Airlines after the discounter broke off its merger agreement with Frontier Airlines.

JetBlue Airways reaches deal to buy Spirit Airlines

NEW YORK & MIRAMAR, Fla.--(BUSINESS WIRE)--JetBlue and Spirit to Create a National Low-Fare Challenger to the Dominant Big Four Airlines

JetBlue and Spirit to Create a National Low-Fare Challenger to the Dominant Big Four Airlines

A deal for JetBlue to acquire Spirit Airlines could be announced as soon as Thursday, The Wall Street Journal reports. It follows the termination of a merger agreement between Spirit and Frontier.

JetBlue Deal to Buy Spirit Could Be Announced Thursday

The agreement between the two airlines could be announced as soon as Thursday, according to people familiar with the matter, and comes after a deal between Spirit and rival budget carrier Frontier was terminated.

JetBlue Nears Deal to Buy Spirit

Spirit and Frontier airlines Wednesday finally pulled the plug on their proposed deal, which had been on life support for months, clearing the way for a possible purchase of Spirit by JetBlue Airways.

News for Spirit Airlines Stock (SAVE)