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

In February, rival Frontier offered to buy Spirit for $2.9 billion in cash and stock.

JetBlue Jumps Into the Bidding for Spirit With $3.6 Billion Offer

JetBlue Tuesday made an unsolicited $3.6 billion offer for low-fare rival Spirit Airlines in an attempt to derail a proposed deal between Spirit and Frontier Airlines.

JetBlue makes offer for Spirit in attempt to derail deal with Frontier

Frontier Group Holdings

JetBlue Airways Corp. has shouldered its way into the midst of Spirit Airlines Inc. and Frontier Group Holdings Inc.'s merger plan, billing itself as the “most compelling” suitor and the most likely to succeed in a low-fare faceoff against larger carriers.

JetBlue's bid for Spirit throws a wrench into the planned Spirit-Frontier merger

Frontier and Spirit announced a groundbreaking merge worth $6.6 billion in February, but JetBlue is looking to make its own deal.

JetBlue just announced a bid to buy Spirit for $3.6 billion, edging out Frontier's $2.9 billion offer

JetBlue wants to be its peer's new owner.

Why Spirit Airlines Soared Today While JetBlue Sank

Spirit's stock soared more than 28% following the news.

JetBlue Offers To Buy Spirit Airlines For $3.6 Billion—Throwing Planned Spirit-Frontier Merger In Doubt

Spirit Airlines Incorporated (NYSE: SAVE) on Tuesday announced it received a purchase proposal from JetBlue Airways Corporation (NASDAQ: JBLU) to buy the company's outstanding shares for $33 apiece. The unsolicited proposal from JetBlue amounts to a $3.6 billion price tag for the airline.

Spirit Airlines Gets Second Takeover Bid This Year: What Investors Should Know

JetBlue Airways offered to buy Spirit Airlines for roughly $3.6 billion in cash, the budget airline announced on Tuesday afternoon.

JetBlue offers to buy Spirit Airlines for about $3.6 billion cash

Spirit Airlines on Tuesday said it received an unsolicited offer from JetBlue Airways for about $3.6 billion, potentially snarling merger plans between Frontier Group Holdings and Spirit. Shares of Spirit rose 22%, their highest level since mid-February.

JetBlue swoops in with $3.6B offer for rival Spirit Airlines: report

Spirit Airlines Inc. SAVE, +22.42% said late Tuesday it has received an "unsolicited" bid from JetBlue Airways Corp. JBLU, -7.08% to acquire the ultra low-cost air carrier in an all-cash deal for $33 a share. Spirit's board "will work with its financial and legal advisors to evaluate JetBlue's proposal and pursue the course of action it determines to be in the best interests of Spirit and its stockholders," the company said in a statement.

Spirit confirms JetBlue's 'unsolicited' all-cash, $33 a share bid

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today confirmed it has submitted a proposal to the Board of Directors of Spirit (NYSE: SAVE) to acquire Spirit for $33 per share in cash, implying a fully diluted equity value of $3.6 billion and providing full and certain value to Spirit shareholders. The proposal represents a premium of 52% to Spirit's undisturbed share price on February 4, 20221, and a premium of 50% to Spirit's closing share price on April 4, 20222. JetBlue firmly believes i

JetBlue Submits Superior Proposal to Acquire Spirit, Positioning America's Much-Loved Airline as the Most Compelling National Low-Fare Challenger to the ‘Big Four' Airlines

JetBlue Airways has made an offer to buy Spirit Airlines on Tuesday, a U.S. government official said, potentially holding up merger plans of Frontier Group Holdings and Spirit.

JetBlue bids for Spirit Airlines - U.S. government official

Shares of Spirit Airlines Inc. SAVE, +22.46% jumped more than 22% before being halted near the close Tuesday after The New York Times reported that JetBlue Airways Corp. JBLU, -7.08% has made a $3.6 billion bid for the ultra-low cost carrier. The report cited three people with knowledge about the offer.

Spirit Airlines stock up more than 22% afer report of JetBlue bid

Spirit Airlines (NYSE: SAVE) shares are trading higher following an NYT report suggesting JetBlue Airways Corp (NASDAQ: JBLU) has made a $3.6 billion offer for the company. The report indicated JetBlue's offer represents a 40% premium to Frontier Group Holdings Inc (NASDAQ: ULCC)'s.

Why Spirit Airlines Shares Are Taking Off

Spirit Airlines stock jumps 22% on report JetBlue has made a bid for airline

JetBlue Airways made a $3.6 billion all-cash offer for Spirit Airlines, raising questions about Spirit's deal to combine with rival discount carrier Frontier Airlines.

Spirit Airlines shares spike 20% on report JetBlue has made bid to buy airline

NEW YORK , April 4, 2022 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Spirit Airlines, Inc. (NYSE: SAVE). If you are a shareholder of Spirit Airlines, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: http://pjlfirm.com/spirit-airlines-inc/ You may also contact Robert H.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Spirit Airlines, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

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Airline stocks are enjoying a broad rally in premarket trading Thursday, as a sharp drop in crude oil prices helps soothe concerns over the effect of rising fuel prices. The U.S. Global Jets ETF JETS, -0.28% climbed 0.9% ahead of the open, after closing Wednesday 28.3% above the more-than 16-month low of $16.91 on March 7.

Airline stocks extend bull-market rallies as crude oil prices fall

Photos, self-bag drop b-roll, and Guest interviews available HERE ATLANTA, March 30, 2022 /PRNewswire/ -- Spirit Airlines (NYSE:SAVE) today unveiled the "Best Airport Innovation" of 2021 is now in operation at Hartsfield-Jackson Atlanta International Airport (ATL) and is already streamlining the check-in experience. Spirit's Guests at ATL are seeing shorter check-in times thanks to Spirit's automated self-bag drop with biometric photo-matching system, which represents a new paradigm for the U.S. airline industry.

Spirit's ATL Guests Seeing Shorter Check-in Queues Due to New Innovative Self-Service and Biometric Options

MIRAMAR, Fla., March 29, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced the completion of its terminal move at LaGuardia Airport (LGA) with all Spirit flights now calling Terminal A home.

Spirit Airlines Completes LaGuardia Terminal Move, All Flights Now Operating From Historic Marine Air Terminal

Photos available HERE MIRAMAR, Fla. , March 28, 2022 /PRNewswire/ -- The Spirit Open is back!

The Spirit Open Returns & Raises $1.5 Million For Philanthropic Efforts in South Florida & Across Spirit Airlines' Network

The route additions by Spirit Airlines (SAVE) are likely to generate substantial traffic, thereby boosting its top line.

Spirit (SAVE) to Add Routes From Newark to Boost Summer Travel

MIRAMAR, Fla. , March 23, 2022 /PRNewswire/ -- Summer travel is getting easier for Guests booking to/from northern New Jersey with the announcement of new, nonstop flight options serving destinations stretching from coast to coast.

Spirit Adds 4 Affordable, Daily Newark Routes for Easy Access to the West Coast & More This Summer

Spirit Airlines (SAVE) is set to begin nonstop daily service to Albuquerque, NM; Boise, ID and Reno, NV out of Las Vegas this August.

Spirit Airlines (SAVE) to Add Three Nonstop Routes to Las Vegas

Spirit announces new service in Albuquerque (ABQ), Boise (BOI) and Reno (RNO) as its Las Vegas route map grows to 40+ nonstop destinations MIRAMAR, Fla., March 16, 2022 /PRNewswire/ -- Spirit today announced an expansion out west with new service to Albuquerque International Sunport (ABQ), Boise Airport (BOI), and Reno-Tahoe International Airport (RNO).

News for Spirit Airlines Stock (SAVE)