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.

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Frontier Group Holdings

Can demand hold up in the face of rising inflation?

Why Airline Shares Are Losing Altitude Today

Spirit Airlines Chief Executive Ted Christie said on Monday it is unlikely that the company's shareholders would vote against its proposed merger with Frontier Group Holdings Inc.

Spirit Airlines says its shareholders unlikely to vote against Frontier deal

Analyst Call Scheduled for Today at 4:30 p.m. ET Board Continues to Recommend that Stockholders Vote FOR the Merger with Frontier MIRAMAR, Fla.

Spirit Airlines to Discuss Board's Decision to Reject JetBlue Tender Offer

JetBlue is not giving up its interest in buying the airline.

Why Spirit Airlines Stock Gained Altitude This Week

Pilots at Spirit Airlines haven't taken a position on the carrier's merger future, but they don't like what they have seen about the carrier's plan for their futures.

Spirit Airlines Pilots Want To Know: Is The Airline Eyeing Flat Pay For Five Years?

Spirit has called the tender offer 'a cynical attempt' to disrupt its $2.9 billion merger with Frontier Airlines

Spirit calls on shareholders to reject JetBlue tender offer

The shares of Spirit Airlines Incorporated (NYSE:SAVE) are down 2% at $19.04 this morning, following news that the budget airline's board unanimously called for the company to reject JetBlue Airlines' (JBLU) latest hostile takeover offer , calling it "a cynical attempt to disrupt" its current merger with Frontier Group (ULCC).

Spirit Airlines' Board Calls to Reject JetBlue Takeover

JetBlue launched a hostile takeover of Spirit earlier this week with $30-a-share tender offer.

Spirit Airlines urges shareholders to reject JetBlue's tender offer

Spirit Airlines urged shareholders to reject a hostile bid by JetBlue Airlines on Thursday, saying it was "a cynical attempt to disrupt" its merger with Frontier.

Spirit Airlines calls for shareholders to reject JetBlue bid

Spirit said that JetBlue's offer doesn't address regulatory concerns. It still prefers a lower-priced bid from Frontier Group.

Spirit Airlines Urges Shareholders to Reject Hostile JetBlue Offer

Spirit Airlines Inc said on Thursday its board had urged shareholders to reject the unsolicited buyout offer from JetBlue Airways Corp.

Spirit board urges shareholders to reject JetBlue's tender offer

Spirit Airlines Inc. SAVE, -5.91% said Thursday its board has unanimously determined that JetBlue Airways Corp.'s JBLU, -2.94% $30-a-share cash offer is not in the best interest of the airline and its shareholders and is urging the latter to reject the tender launched by JetBlue earlier this week. "In its comprehensive analysis, the Board determined that the JetBlue transaction faces substantial regulatory hurdles, especially while the Northeast Alliance ("NEA") with American Airlines AAL, -5.22% remains in effect, and is, as a result, not reasonably capable of being consummated and is not superior to Spirit's agreed merger transaction with Frontier ULCC, -2.88%.

Spirit Airlines urges shareholders to reject JetBlue's $30-a-share cash tender offer

JetBlue Misleads Spirit and JetBlue Stockholders with Inaccurate Statements and Mischaracterizations Board Unanimously Recommends Stockholders Not Tender Their Shares Continues to Recommend that Stockholders Vote FOR the Merger with Frontier MIRAMAR, Fla. , May 19, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that its Board of Directors (the "Board"), after consultation with its outside financial and legal advisors, has unanimously determined that the unsolicited tender offer from JetBlue Airways Corporation ("JetBlue") (NASDAQ: JBLU) to acquire all outstanding shares of Spirit's common stock for $30 per share in cash (the "Offer") is NOT in the best interests of Spirit and its stockholders.

Spirit Airlines Board of Directors Urges Stockholders to Reject JetBlue Tender Offer

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JetBlue (JBLU) aims to acquire all the outstanding shares of Spirit Airlines (SAVE) for $30 per share.

Spirit (SAVE) Stock Up 13.49% in Monday's Trading: Here's Why

A union representing flight attendants at Frontier Airlines and Spirit Airlines said it would back a proposed merger after it reached a deal for a merger transition agreement.

Flight attendants union backs Frontier-Spirit tie-up

The announcement clears a labor hurdle among the biggest worker groups at the airlines.

Flight attendants' union backs Spirit-Frontier merger, clearing labor hurdle

There's a fresh twist to the ongoing airline industry merger saga.

Why Spirit Airlines Is Up and JetBlue Is Down Today

JetBlue Airways Corporation (NASDAQ: JBLU) is committed to buying Spirit Airlines Inc (NYSE: SAVE) and it won't take no for an answer. On Monday, it launched a hostile takeover bid for the ultra-low-cost air carrier, sending SAVE up roughly 10%.

JetBlue goes hostile to buy Spirit Airlines: ‘it's a head scratcher'

JetBlue is going hostile in its effort to acquire Spirit, the latest twist in an industry battle for the low-cost carrier.

JetBlue launches hostile takeover for Spirit

Walmart shares are still in positive territory year to date, although they are notably off their April 21st highs.

Retailers to Report Q1 Earnings; JBLU Bids for SAVE

JetBlue is going hostile in its bid for Spirit Airlines and asking shareholders of the low-cost carrier to reject a proposed $2.9 billion acquisition by Frontier Airlines.

JetBlue goes hostile in bid for Spirit after $3.6B offer rejected

The shares of Spirit Airlines Incorporated ( NYSE:SAVE) are up 12.7% at $19.13 this morning, after JetBlue Airways (JBLU) launched an all-cash, hostile takeover bid for the low-cost airline, following the rejection of its $33 per share buyout proposal.

Hostile Takeover Bid Sends Spirit Airlines Stock Soaring

Shareholders of the discount carrier look to benefit as JetBlue launches a hostile takeover bid that represents a 77% premium. The post Why Is Spirit Airlines (SAVE) Stock Up 10% Today?

Why Is Spirit Airlines (SAVE) Stock Up 10% Today?

JetBlue is offering $30 a share and said its earlier offer of $33 a share is still on the table if Spirit management negotiates.

News for Spirit Airlines Stock (SAVE)