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

The market looked prepared for a quiet open on Monday.

JetBlue Goes Hostile on Spirit, but This Biopharma's Getting Hit Hard

JetBlue wrote to Spirit shareholders Monday, offering $30 a share and encouraging them to vote against the Frontier deal.

JetBlue launches hostile takeover bid for Spirit Airlines

Spirit rejected JetBlue's $3.6 billion takeover proposal earlier this month, opting to stick with a lower-priced bid from Frontier.

JetBlue Launches Hostile Takeover for Spirit Airlines After Rejection

American low-cost carrier JetBlue Airlines announced on Monday a hostile takeover bid for its rival Spirit Airlines, which had rejected a previous bid in favour of a merger with Frontier.

US carrier JetBlue launches hostile takeover of Spirit Airlines

Shares of Spirit Airlines Inc. SAVE, +3.85% soared 17.5% in premarket trading Monday, after JetBlue Airways Corp. JBLU, +5.01% said it launched a "fully financed" tender offer to buy all Spirit outstanding shares for $30 each, representing a 76.7% premium to Friday's closing price of $16.98. The tender offer comes after Spirit reiterated earlier in May its support for the merger deal with Frontier Group Holdings Inc. ULCC, +4.56% as it determined JetBlue's $33-per-share cash bid in April did not constitute superior offer.

Spirit Airlines stock jumps after JetBlue launches tender offer at near 77% premium

JetBlue Airways Corp (NASDAQ: JBLU) is planning a hostile takeover attempt for Spirit Airlines Inc (NYSE: SAVE) after the latter spurned the former's offer. JetBlue plans to launch a tender offer directly to Spirit shareholders.

Spirit Airlines Shares Fly High As Bidding War Heats Up

JetBlue plans to launch a tender offer for Spirit shareholders' holdings at $30 a share in cash, sources told The Wall Street Journal.

JetBlue plans to launch a hostile takeover of Spirit, report says

JetBlue plans to appeal directly to Spirit's shareholders after the airline rejected JetBlue's $3.6 billion acquisition offer, a move it hopes will force Spirit's management to reconsider.

JetBlue to launch tender offer for Spirit, urge shareholders to vote against Frontier deal, sources say

JetBlue Launches Tender Offer for Spirit Airlines at $30 a Share

NEW YORK--(BUSINESS WIRE)--JetBlue Urges Spirit Shareholders to Protect Their Interests and ‘Vote No' on Frontier Transaction at Upcoming Spirit Special Meeting

JetBlue Urges Spirit Shareholders to Protect Their Interests and ‘Vote No' on Frontier Transaction at Upcoming Spirit Special Meeting

JetBlue Airways Corp plans to launch a hostile takeover offer for Spirit Airlines Inc, the Wall Street Journal reported on Monday, days after the ultra low-cost carrier rejected the company's $33 per share buyout proposal.

JetBlue to launch tender offer for Spirit Airlines - WSJ

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Frontier Group Holdings

Spirit Airlines Inc will hold a shareholder meeting on June 10 for a vote on its proposed merger with Frontier Group Holdings Inc, according to a regulatory filing on Wednesday.

Spirit Airlines sets June 10 date for shareholder vote on Frontier deal

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NEW YORK, May 9, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Terminix Global Holdings, Inc. (NYSE: TMX) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Rentokil Initial plc. If you are a Terminix shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates TMX, FLMN, SAVE, MTOR

Speaking on Spirit Airlines' first quarter earnings call, CEO Ted Christie said the pilot pipeline will return to a historical norm of producing the needed 10,000 pilots per year.

What Pilot Shortage? Spirit Airlines CEO Joins Pilot Unions That Say It's A Myth

Frontier Airlines' aggressive capacity expansion brought it at capacity levels exceeding pre-pandemic levels. Spirit Airlines has delayed capacity expansions.

Frontier Airlines And Spirit Airlines: The Reality Of Low-Cost Carrier Pressures

Spirit Airlines, Inc. (NYSE:SAVE ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants De Anne Gabel - Senior Director of Investor Relations Ted Christie - Chief Executive Officer Matt Klein - Chief Commercial Officer Scott Haralson - Chief Financial Officer Conference Call Participants Duane Pfennigwerth - Evercore Savi Syth - Raymond James Catherine O'Brien - Goldman Sachs Conor Cunningham - MKM Partners Mike Linenberg - Deutsche Bank Jamie Baker - JPMorgan Tom McCaffrey - Cowen Daniel McKenzie - Seaport Global Chris Stathoulopoulos - Susquehanna International Operator Welcome to the Spirit Airlines' First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode until Q&A.

Spirit Airlines, Inc. (SAVE) CEO Ted Christie on Q1 2022 Results - Earnings Call Transcript

In February, Spirit and Frontier announced plans to merge in what would create a massive discount airline, the fifth-largest carrier in the U.S.

Spirit CEO says he wonders whether JetBlue's bid was meant to block Frontier deal

Spirit CEO Ted Christie said JetBlue's proposed merger has three “puzzle pieces” that make it unlikely to ever occur.

Spirit CEO Says JetBlue Merger Proposal Creates Puzzles That Can't Be Solved

Spirit (SAVE) delivered earnings and revenue surprises of -3.90% and 1.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Spirit (SAVE) Reports Q1 Loss, Tops Revenue Estimates

MIRAMAR, Fla. , May 4, 2022 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2022 financial results.

Spirit Airlines Reports First Quarter 2022 Results

Spirit Airlines Inc. (NYSE: SAVE) said on Monday that it has turned down a $3.6B cash takeover offer from JetBlue Airways Corp (NASDAQ: JBLU), claiming that the deal is unlikely to be finalized, and it will instead combine with competitor low-cost airline Frontier Group Holdings Inc. Jet Blue is seeking to compete with Frontier Airlines in […] The post Spirit Airlines rejects $3.6 Billion acquisition offer appeared first on Invezz.

Spirit Airlines rejects $3.6 Billion acquisition offer

Spirit Airlines said it will stick with its deal to be purchased by Frontier Airlines, rejecting a more lucrative competing offer from JetBlue Airways.

Spirit rejects JetBlue's offer, saying it wants to be bought by Frontier

Spirit Airlines Inc (NYSE: SAVE) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU) proposal and said it will proceed with its previously-announced merger agreement with Frontier Group Holdings Inc (NASDAQ: ULCC). Both Frontier.

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