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.

In recent months, progress in mass vaccination and growing passenger numbers at TSA checkpoints have been a boon for the airline industry. However, new coronavirus variants are triggering fears of more infection waves limiting international travel and tourism demand.

Buy The Dip In Spirit Airlines Stock?

Spirit Airlines (SAVE) aims to launch flights connecting Cancun with Milwaukee on Dec 23.

Spirit (SAVE) to Expand Milwaukee Service Later This Year

MILWAUKEE, June 24, 2021 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) bright yellow planes touched down in Milwaukee for the first time today—carrying good news for travelers and a special gift for one of the region's most revered charitable organizations. The airline announced more nonstop routes coming soon to Milwaukee Mitchell International Airport (MKE) during its inaugural celebration and presented a donation to the Ronald McDonald House Charities of Eastern Wisconsin.

Spirit Airlines Nearly Triples Milwaukee Service in Celebration of First Flights Taking to the Sky

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In response to air-travel demand recovery, airlines like Delta (DAL), American Airlines (AAL) and Southwest Airlines (LUV) are looking to call back pilots to meet the anticipated demand surge.

Pilot-Hiring Plans Bode Well for U.S. Airlines: An Analysis

Spirit Airlines (SAVE) will connect Manchester with multiple tourist-favorite destinations in Florida.

Spirit Airlines (SAVE) to Begin Four New Hampshire Routes

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MANCHESTER, N.H., June 16, 2021 /PRNewswire/ --  Spirit Airlines (NYSE: SAVE) is about to land in New Hampshire to connect the summits of the Granite State with the sandy beaches and theme parks of the Sunshine State.

New Hampshire Welcomes New Service from Spirit Airlines with Nonstop Deals Between Manchester and Four Florida Cities

The budget airline's earnings trajectory is improving faster than expected.

Spirit Airlines Boosts Guidance: A Great Sign for the Future

Mesa Air Group Inc.

In light of the U.S. and European Union resolving aircraft disputes involving Boeing Co. ( BA , Financial) and Airbus SE (XTER:SE), four airline stocks that, as of Tuesday, have outperformed the Standard & Poor's 500 Index benchmark by at least 10% over the past six months and had at least eight years of profitability over the past 10 years are Alaska Air Group Inc. ( ALK , Financial), Spirit Airlines Inc. ( SAVE , Financial), Hawaiian Holdings Inc. ( HA , Financial) and Mesa Air Group Inc. ( MESA , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

4 Airline Stocks Outperforming the S&P 500 Over the Past 6 Months

Spirit Airlines (SAVE) expects second-quarter 2021 fuel cost per gallon to be $1.96.

Spirit Airlines' (SAVE) Load Factor Forecast Upbeat for Q2

The budget carrier hopes to turbocharge its post-pandemic growth by building a big presence at Miami International Airport.

Spirit Airlines Takes on American Airlines With Miami Expansion

Discount airline Spirit is planning to expand into Miami, an American Airlines hub, increasing competition for South Florida.

Spirit Airlines plans big Miami debut as airlines battle for Florida

Investors got their first litmus test for summer travel over the Memorial Day weekend, and the travel numbers are very encouraging for airline stock investors. What Happened?

Airline Stocks Up Following Strong Memorial Day Weekend Bookings

LOUISVILLE, Ky., May 27, 2021 /PRNewswire/ -- Louisville lit up the sky in yellow to signal that Spirit Airlines (NYSE: SAVE) was on its way, and now Spirit's bright yellow planes are touching down for the first time as the airline celebrates its inaugural flight.

Spirit Airlines Supercharges its Inaugural Celebration in Louisville with Two Extra Florida Routes

ST. LOUIS, May 27, 2021 /PRNewswire/ -- The first in a line of bright yellow planes touched down in St. Louis on Thursday, and Spirit Airlines (NYSE: SAVE) marked the milestone by revealing more of them are on the way in November. Spirit announced new daily flights to Fort Myers (RSW), Phoenix (PHX) and Tampa (TPA) along with Cancun (CUN), which will mark the carrier's first international service from St. Louis Lambert International Airport (STL).

St. Louis Nearly Doubles its Nonstop Options with Spirit Airlines as Spirit Celebrates First Flight with Expansion Announcement

Spirit Airlines' (SAVE) sound liquidity position and cost-control measures are encouraging. Additionally, gradual improvement in air-travel demand bodes well for the company.

Here's Why You Should Retain Spirit Airlines (SAVE) for Now

MIRAMAR, Fla., May 20, 2021 /PRNewswire/ -- A headstrong girl named Lucky and a wild Mustang named Spirit are soaring sky high and you can spot both of them at an airport near you thanks to Spirit Airlines (NYSE: SAVE), Universal Pictures, DreamWorks Animation and Universal Orlando Resort.

DreamWorks Animation's 'Spirit Untamed' Hitches a Ride on Spirit Airlines to Inspire Adventure

Why Airline Stocks Are Up Today

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Add interest rates and fuel shortages to the list of issues airline CEOs have to worry about.

Why Airline Stocks Are Under Pressure Today

Allegiant Travel Company

Airline traffic is one of many industries that has been hurt by the Covid-19 pandemic. TSA screenings are up and airlines that have reported earnings are pointing to strong recoveries and bookings.

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The budget airline is starting to unwind some of the costly financing maneuvers it was forced into last year.

Spirit Airlines Slashes Interest Expense With Financing Moves

MIRAMAR, Fla., May 3, 2021 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE: SAVE) ("Spirit") entered into a series of liability management transactions given the favorable market dynamics.

Spirit Airlines Announces Closing of 1.00% Convertible Senior Notes Due 2026 and other transactions

MIRAMAR, Fla., April 28, 2021 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE: SAVE) ("Spirit") today announced it has priced its underwritten public offering of $440,000,000 aggregate principal amount of 1.00% convertible senior notes due 2026 (the "Convertible Notes" and such offering, the "Convertible Notes Offering").

Spirit Airlines Announces Pricing of Offering of 1.00% Convertible Senior Notes Due 2026

The low-cost operations and strong management team of Spirit Airlines may make SAVE stock a solid recovery play going forward. The post Spirit Airlines Is On Track to Enjoy a Spirited Recovery appeared first on InvestorPlace.

News for Spirit Airlines Stock (SAVE)