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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Earnings data Q4 2022

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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.

Frontier Group Holdings

Frontier Airlines is exploring a renewed bid for Spirit Airlines , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Frontier, Spirit Airlines revive merger talks, WSJ reports

After concern mounted earlier this month that Spirit Airlines was set to announce bankruptcy, the company has lived to see another day in the sky—for now.

Spirit Airlines is not going bankrupt . . . yet

The deadline extension allows Spirit some wiggle room to refinance its $1.1 billion in secured debt due to mature next year.

Spirit Airlines shares soar more than 60% on debt refinancing extension

The troubled airline has more time to work out its debt issues.

Why Spirit Airlines Stock Is Soaring Today

Spirit Airlines' stock swelled by 60% on Monday, on track for the low-cost airline's best day since going public, after the carrier announced an extension to refinance its debt while temporarily avoiding the threat of bankruptcy.

Spirit Airlines Stock Soars 60% After Extending Deadline To Refinance Debt

Shares of Spirit Airlines surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.

Spirit Airlines shares jump 46% on extension to debt refinancing deadline

Spirit Airlines (SAVE) shares jumped nearly 40% in premarket trading Monday as markets reacted to a late-Friday filing that saw the discount carrier say it has extended the deadline on a debt refinancing plan with credit card processors Visa (V) and Mastercard (MA).

Spirit Airlines Stock Flies After Carrier Extends Debt Refinancing Deadline

The budget airline has struggled to address its growing debt burden this year.

Spirit Stock Soars 40%. The Budget Airline Finally Has This Good News.

Spirit Airlines said on Friday it has reached an agreement with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.

Spirit Airlines debt refinancing deadline extended to December

Spirit Airlines bolstered its cash position, likely delaying bankruptcy. Spirit Airlines stock soared Friday night.

Spirit Airlines Skyrockets On Cash Boost; Rivals Fall

Spirit Airlines is facing an Oct. 21 deadline with its credit card processor to renegotiate more than $1 billion in debt. Spirit shares are down more than 90% so far this year.

Spirit Airlines shares hit record low as Monday debt refinancing deadline looms

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: Can the Stock Move Higher?

Frankie Muniz travels comfy with Spirit's blocked middle seat Spirit giving away 10 pairs of Go Comfy tickets in #NotInTheMiddle social media giveaway DANIA BEACH, Fla., Oct. 17, 2024 /PRNewswire/ --  Spirit Airlines ' (NYSE: SAVE) newest ad takes flight with actor Frankie Muniz, best known for his iconic role as the middle child in a beloved sitcom that aired in the early 2000s.

Spirit Airlines Brings on Frankie Muniz to Promote its new #NotInTheMiddle 'Go Comfy' Travel Option

Spirit Airlines Inc SAVE is facing turbulent skies ahead. While the broader airline industry is flying high, Spirit's financial woes are pushing it toward a potential bankruptcy.

Spirit Airlines Struggles To Regain Altitude As Competitors Soar, Bankruptcy Concerns Intensify

The heavy selling pressure might have exhausted for Spirit (SAVE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -36.33% in 4 Weeks, Here's Why You Should You Buy the Dip in Spirit (SAVE)

Travelers can enjoy limited-time fares starting at $49 one-way and a Free Spirit® bonus points promotion DANIA BEACH, Fla., Oct. 15, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating its new Alabama service today, following the Oct. 10 launch of its daily, nonstop service from Birmingham-Shuttlesworth International Airport (BHM) to Fort Lauderdale-Hollywood International Airport (FLL).

Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort Lauderdale

Spirit Airlines shares have plummeted 24.90% since August, with bankruptcy rumors looming, making the stock extremely high risk but potentially undervalued. The airline faces an October 21 deadline to refinance or extend notes, which could determine its bankruptcy fate and shareholder value. Despite ongoing losses, Spirit's valuable assets and potential for a turnaround make shares a contrarian buy with significant upside if refinancing occurs.

Spirit Airlines: The Bankruptcy Silver Lining

Spirit Airlines (SAVE) stock has been one of the worst performers in Wall Street in the last few years. It has suffered a harsh reversal, falling in the last five consecutive months, and reaching its all-time low of $1.85.

Spirit Airlines stock has imploded: can SAVE be saved?

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Deep-value investors might have this business on their watch lists.

Down 97%, Is It Time to Buy Spirit Airlines Stock?

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The Score: Stellantis, Nike, Spirit Airlines and More Stocks That Defined the Week

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Stocks were choppy Thursday as investors took in a higher-than-expected rise in jobless claims and strong growth in the services sector.

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Spirit Airlines is facing an Oct. 21 deadline to refinance debt that's due next year. The airline is reportedly considering filing for Chapter 11 bankruptcy protection.

Spirit tumbles to record low on report it's exploring a bankruptcy filing. Here's how it got here

Shares of Spirit Airlines (NYSE: SAVE) are crashing in premarket trading as of the time of this writing. The stock is down nearly 40% to just $1.36 per share.

Spirit Airlines stock price takes a nosedive after report of possible bankruptcy. What's happening with the low-cost airline?

Spirit Airlines is one of the worst stocks Friday as reports swirl that the discount airline could file for bankruptcy.

News for Spirit Airlines Stock (SAVE)