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

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Earnings data Q4 2023

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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.

The award is part of the annual ATW Industry Achievement Awards, which are among the most respected accolades in the global aviation industry Photos available HERE MIRAMAR, Fla., Feb. 14, 2023 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) efforts to redefine ultra-low fare travel are getting recognized on the global stage.

Spirit Airlines Takes Home Prestigious 'Value Airline of the Year' Award from Air Transport World (ATW)

Spirit Wings Pilot Pathway Launches in Boca Raton, Florida   Click HERE  for Spirit Airlines & Lynn University aircraft photo shoot images MIRAMAR, Fla., Feb. 13, 2023 /PRNewswire/ -- Aspiring pilots can now join the fast track to a rewarding career at one of the nation's fastest-growing airlines while they finish college.

Spirit Airlines and Lynn University Team Up to Launch the Airline's First University-Based Pilot Training Program

JetBlue Airways

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set February 22, 2023, as the record date for the February 2023 prepayment to Spirit stockholders of $0.

JetBlue Announces Record and Payment Dates for February 2023 Additional Prepayment to Spirit Stockholders

Spirit Airlines expects to hear from the DOJ in the next month on whether the government organization will file to block the merger. JetBlue Airways Corporation has started paying Spirit shareholders $0.10 a month to wait on the deal close.

Spirit Airlines: Waiting On JetBlue Money

JetBlue's bid to acquire Spirit Airlines has been put on pause while the DOJ considers blocking the merger on antitrust grounds, resolution expected in 30 days.

Spirit Airlines says expects DOJ decision on JetBlue merger in around 30 days

Spirit Airlines, Inc. (NYSE:SAVE ) Q4 2022 Earnings Conference Call February 7, 2023 10:00 AM ET Company Participants DeAnne Gabel - Senior Director, Investor Relations Ted Christie - Chief Executive Officer Matt Klein - Chief Commercial Officer Scott Haralson - Chief Financial Officer Conference Call Participants Mike Linenberg - Deutsche Bank Jamie Baker - JPMorgan Duane Pfennigwerth - Evercore ISI Dan McKenzie - Seaport Global Helane Becker - Cowen Savi Syth - Raymond James Stephen Trent - Citi Scott Group - Wolfe Research Operator Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today.

Spirit Airlines, Inc. (SAVE) Q4 2022 Earnings Call Transcript

Spirit Airlines (SAVE) fourth-quarter 2022 earnings and revenues increase year over year.

Spirit Airlines (SAVE) Q4 Earnings & Revenues Beat, Rise Y/Y

Spirit Airlines Inc (NYSE:SAVE) reported fourth-quarter profits of 12 cents per share on revenue of $1.39 billion before the bell this morning, beating estimates of 4 cents per share on $1.38 billion.

Spirit Airlines Stock Pops After Earnings

Spirit (SAVE) delivered earnings and revenue surprises of 200% and 0.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Spirit (SAVE) Beats Q4 Earnings and Revenue Estimates

MIRAMAR, Fla. , Feb. 6, 2023 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported fourth quarter and full year 2022 financial results.

Spirit Airlines Reports Fourth Quarter and Full Year 2022 Results

Spirit (SAVE) doesn't possess 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

American Airlines

Allegiant Travel Company

After a summer of labor disputes and a winter storm that forced cancellations from sea to shining sea, investors were finally beginning to believe that long positions in airline stocks were ready to take off. However, last week's grounding of all U.S. flights is a reminder that all is not well in the airline industry.

3 Airline Stocks to Sell to Avoid the Choppy Skies

NEW YORK--( BUSINESS WIRE )--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set January 25, 2023, as the record date for the January 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “January 2023 Additional Prepayment”), with payment of the January 2023 Additional Prepayment to occur on January 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the January 25, 2023, record date will be entitled to receive the January 2023 Additional Prepayment.

JetBlue Announces Record and Payment Dates for January 2023 Additional Prepayment to Spirit Stockholders

Delta Air Lines

Southwest Airlines

United Continental Hlds

Airline stocks fell before market open Friday after Delta Air Lines Inc. gave weaker-than-expected guidance for the first quarter.

Airline stocks fall premarket after Delta's weaker-than-expected guidance

American had a stronger-than-expected holiday season.

Why Airline Stocks Are Gaining Altitude Today

Nearly 70% of Spirit's pilots voted in favor of the deal, which the Air Line Pilots Association union said included gains worth $463 million. The two-year agreement comes as carriers resume posting profits after a deep pandemic slump.

Spirit Airlines Pilots Approve New Contract, Lifting Pay 34%

U.S. airline executives may be brimming with optimism about 2023, but not a single major airline recorded a stock market gain in 2022. The best performing stock, in Spirit Airlines, fell 13%.

Every Single Airline Stock Fell In 2022, But Let's Look Forward

L3Harris

Spirit Wings Pilot Pathway Launches in Central Florida MIRAMAR, Fla. , Dec. 15, 2022 /PRNewswire/ -- The sky's the limit for aspiring Spirit Airlines (NYSE:SAVE) Pilots.

New Spirit Airlines & L3Harris Pathway Program Puts Aspiring Pilots on the Fast Track to a Successful Career

Nonstop service to Fort Lauderdale, Newark & Philadelphia begins in April 2023 Photos and video available HERE MIRAMAR, Fla., Dec. 14, 2022 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) bright yellow planes will soon soar over the scenic streets of Charleston, South Carolina.

Spirit Airlines to Connect Charleston's Charm with 3 Major Metro Areas Along the East Coast

ALPA, the union which represents the pilots of Spirit (SAVE), plans road shows to garner support for the agreement.

Spirit Airlines (SAVE) Pilots May Get Substantial Pay Hike

Spirit Airlines has offered as much as a 43% cumulative weighted average pay raise to its pilots over two years, according to a union memo seen by Reuters.

Spirit Airlines offers big raises to pilots in new contract - union memo

Investors need to pay close attention to Spirit Airlines (SAVE) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Spirit Airlines (SAVE) Stock?

Spirit Airlines is a hold awaiting combination with JetBlue. Main levers for improving results are lower fuel prices, higher utilization and further fleet expansion.

Spirit Airlines: Assessing Performance Amidst JetBlue Buy

Spirit (SAVE) reported earnings 30 days ago. What's next for the stock?

Why Is Spirit (SAVE) Up 0.3% Since Last Earnings Report?

Daily service to Las Vegas and Orlando starts, with Baltimore/Washington D.C.  and Fort Lauderdale launching March 2023 Photos and video available HERE MIRAMAR, Fla.

News for Spirit Airlines Stock (SAVE)