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

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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.

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Spirit Airlines, Inc. engages in the provision of air transportation services. 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 Dania Beach, FL.

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The term “meme investing” shot into public consciousness in January 2021 when high volumes of retail investors orchestrated a short squeeze on GameStop (NYSE: GME ) stock to cause a sharp rally of over 1,500% in a matter of days. Forming the backdrop to the exceptional circumstances of GameStop was a cryptocurrency rally that ultimately saw Bitcoin ( BTC-USD ) reach an all-time high value of $69,000.

The Next GameStop? 3 Undiscovered Meme Stocks to Watch.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A321neo aircraft on long-term lease to Spirit Airlines. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the fourth of four aircraft delivering to the airline from ACG's order book with Airbus. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we.

Aviation Capital Group Announces Delivery of One A321neo to Spirit Airlines

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A U.S. appeals court on Friday set an expedited schedule for the JetBlue Airways and Spirit Airlines appeal aimed at reversing a lower court ruling that blocked their $3.8 billion merger.

US court sets expedited schedule for JetBlue, Spirit merger rejection appeal

Spirit Airlines' (SAVE) Q4 performance is likely to have improved as air traffic spikes.

Spirit Airlines (SAVE) to Report Q4 Earnings: What's in Store?

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Many of yesterday's meme stocks are today's forgotten remnants collecting dust at the bottom of your portfolio, hopes of a multi-bagger long past abandoned. It's only a loss if you sell, right?

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Spirit (SAVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Spirit (SAVE) Expected to Beat Earnings Estimates: Should You Buy?

Spirit Airlines (NYSE: SAVE ) and JetBlue Airways (NASDAQ: JBLU ) stock are in the news Monday as investors hold out hope for an expedited appeal to their blocked merger. The two airline companies are asking the First U.S. Circuit Court of Appeals to reverse a decision from a lower court that blocked the merger of the two.

SAVE Stock Alert: Spirit Airlines Rallies on Hope for Expedited Appeal

JetBlue Airways and Spirit Airlines have filed for an expedited appeal to a court ruling that blocked their $3.8 billion merger, a court filing showed.

JetBlue, Spirit file for expedited appeal to merger block ruling

Escape to a warm Mexican getaway with limited-time anniversary fares starting at $79* one-way Photos and video available  HERE   MIRAMAR, Fla., Jan. 29, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating two decades of flying travelers between Cancun International Airport (CUN) and the United States today.

Spirit Airlines Makes a Splash with New Savings in Celebration of its 20th Anniversary in Cancun

Spirit Airlines (NYSE: SAVE ) stock ended last week near record lows after JetBlue (NASDAQ: JBLU ) hinted that it may terminate its merger plans with the company. This comes after a federal court went against the merger and sided with the U.S. Department of Justice (DOJ), which had sued to block the $3.8 billion deal.

Will Spirit Airlines (SAVE) Stock Survive the Week?

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The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

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Earlier this month, U.S. District Court Judge William Young ruled to block the proposed merger between Spirit Airlines (NYSE: SAVE ) and JetBlue Airways (NASDAQ: JBLU ). The Judge cited reduced competition risks and higher ticket prices for Spirit customers as part of his decision, among other factors.

Spirit Airlines (SAVE) Stock Plunges as JetBlue Preps to Give Up

Spirit said there was no basis for terminating the merger agreement and it would continue to abide by its obligations and was expecting JetBlue to do the same.

Spirit shares sink 17% after JetBlue casts doubt on closing $3.8B merger

JetBlue says that certain conditions required for the closing of the merger with Spirit may not be met in time.

Spirit Airlines Stock Tumbles as JetBlue Warns It Could Walk Away From Merger

Spirit Airlines stock tumbled near all-time lows early Friday after JetBlue warned it may terminate the $3.8 billion merger agreement.

Spirit Airlines Dives Near Record Lows After JetBlue Warns On Merger Termination

JetBlue Airways warned that it could terminate its attempted takeover of Spirit Airlines next week after a federal judge's ruling blocked their planned merger.

JetBlue Warns It Might Scrap Spirit Airlines Takeover

JetBlue Airways disclosed on Friday that it had informed Spirit Airlines that certain conditions required as part of their merger agreement may not be met before the due date, potentially leading to a termination of the deal.

JetBlue casts doubt on Spirit deal completion

Shares of Spirit Airlines Inc. SAVE, +1.69% tumbled 10.9% in premarket trading Friday, after JetBlue Airways Corp. JBLU, +5.33% warned that the merger may need to be terminated. JetBlue's stock rallied 3% ahead of the open.

Spirit Airlines' stock tumbles after JetBlue warning that merger deal may need to be terminated

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Airline stocks such as Allegiant Travel (ALGT), Spirit Airlines (SAVE) and Frontier Group Holdings (ULCC) are likely to have benefited from upbeat passenger volumes in the fourth quarter.

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Dave Portnoy's tweets about being long on Spirit Airlines may spark a short squeeze. The fundamentals of SAVE, including its high debt load, make it a risky investment at $7 or $8 per share. Mesa Airlines offers a better risk/return profile for those looking to play an airline turnaround.

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In recent weeks, Spirit Airlines (NYSE: SAVE) might have become transformed into the world's newest meme stock as it went on a veritable – and ongoing – stock market rollercoaster ride after the court blocked its merger with JetBlue (NASDAQ: JBLU).

The next meme stock? Spirit Airlines surges towards $10

The report highlights the Foundation's investments in positive change across Spirit Airlines' network Click here to view the report  MIRAMAR, Fla., Jan. 23, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) highlighted its investment in meaningful social impact in the third Spirit Charitable Foundation Impact Report released today.

The Spirit Charitable Foundation Publishes its 2023 Impact Report

Spirit Airlines (SAVE) expects fuel cost per gallon to be $3.18 in Q4.

Spirit (SAVE) Issues Bullish Q4 Guidance, Backs JBLU Deal

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Spirit shares are down about 50% since a U.S. District Court judge blocked the merger.

News for Spirit Airlines Stock (SAVE)