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.

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Frontier Group Holdings

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE:SAVE) today announced that, in response to the request set forth in the letter to the Company from Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC) dated July 10, 2022, Spirit intends to reopen and immediately adjourn its Special Meeting of Stockholders (the “Special Meeting”) relating to the proposed merger agreement with Frontier until July 27, 2022 at 11:00am ET, at which time the Special Meeting

Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders

ULCC requests SAVE's management to defer its shareholders' vote to Jul 27.

Why Spirit Airlines (SAVE) Stock Fell in Yesterday's Trading

Spirit Airlines announced it is launching non-stop service to San Antonio. These are the details.

Spirit Airlines (SAVE) Launches Nonstop Service To San Antonio, TX

Spirit Airlines Inc shareholder Discovery Capital Management LLC on Tuesday urged the low-cost carrier to abandon its merger with Frontier Group Holdings Inc in favor of a bid from JetBlue Airways Corp.

Spirit shareholder Discovery Capital urges board to abandon Frontier deal

Special introductory fare of $89 gets San Antonians onboard daily flights to  Las Vegas and Orlando starting November 2022 MIRAMAR, Fla. , July 12, 2022 /PRNewswire/ --  Spirit Airlines (NYSE: SAVE) is "Spurring" more convenient travel options with the announcement of its new, nonstop service from San Antonio International Airport (SAT).

Spirit Airlines Goes Big in Texas by Bringing Ultra-Low Fares and Nonstop Service to San Antonio

SOUTH NORWALK, Conn.--(BUSINESS WIRE)--Discovery Capital Management, LLC (collectively with its affiliated entities, “Discovery” or “we”) today announced that it has sent a letter to the Board of Directors of Spirit Airlines Inc. (NYSE: SAVE) regarding its proposed merger with Frontier Airlines (NASDAQ: ULCC). The full text of the letter can be found below. July 12, 2022 Spirit Airlines Board of Directors Attn: H. McIntyre Gardner, Chairman of the Board of Directors 2800 Executive Way Miramar,

Discovery Capital Management Sends Letter to Spirit Airlines Board of Directors Regarding Proposed Merger with Frontier Airlines

The bidding war for Spirit Airlines Inc between Frontier Group Holdings Inc and JetBlue Airways Corp may leave the acquirer taking years to earn back their investment.

Analysis-Spirit Airlines winning bidder may need years to recoup price tag

Frontier CEO Barry Biffle said the airline, which already submitted its “last, best and final offer," needs more time to win approval from Spirit shareholders.

Frontier Airlines asks Spirit to delay shareholder vote, says not enough votes

Frontier Airlines, facing likely defeat in its bid to merge with Spirit Airlines, is asking for another delay in a shareholder vote on the deal.

Frontier Airlines seeks delay on vote to merge with Spirit

JetBlue Airways

Frontier Airlines has asked Spirit Airlines to further delay a shareholder vote on their planned merger.

Frontier urges Spirit to delay vote again, let shareholders consider 'best and final' offer

Frontier Group Holdings Inc. ULCC, -1.95% said it still needs more time to garner support for its bid to merge with Spirit Airlines Inc. SAVE, -2.49% ,  and asked for Spirit's shareholder vote on the deal to be pushed back once again.

Frontier asks Spirit Airlines to further delay shareholder vote on merger deal

Frontier Group Holdings Inc. ULCC, +3.76% said Monday its offer for Spirit Airlines Inc. SAVE, +4.23% is its "last, best and final offer," and said it will not be making any further modifications to the financial terms. In a letter to Spirit management, Frontier CEO Barry Biffle said he continues to believe that the counteroffer from JetBlue Airways Corp. JBLU, -2.26% is "less attractive" than the Frontier proposal.

Frontier says Spirit bid is 'last, best and final offer,' asks Spirit to again delay shareholder meeting

Low-cost carrier Frontier Group Holdings Inc asked Spirit Airlines Inc to extend the shareholder vote on Frontier's proposed merger deal until July 27, according to a letter dated Sunday.

Frontier asks Spirit Airlines to delay shareholder vote until July 27

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A merger of Spirit Airlines Inc. (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC) was set for a smooth take-off until JetBlue Airways Corp. (NASDAQ: JBLU) announced earlier this year its own bid to purchase Spirit. Since then, the back-and-forth between shareholders has delayed the.

Will JetBlue Airways Or Frontier-Spirit Airlines Become America's Largest Budget Airline?

Investors have more to lose with a Frontier deal, but it may not be over yet.

Spirit postponed a shareholder vote on a Frontier merger for the third time.

Spirit Airlines delayed a shareholder vote on a planned tie-up with Frontier for a third time.

Another vote delay leaves Spirit's merger with Frontier in question while JetBlue circles

The bidding war for Spirit will go on for at least another week.

Why Spirit Airlines Shares Are Gaining Altitude Today

Spirit Airlines Inc said it has postponed a shareholder vote scheduled for Friday on its $2.4 billion sale to Frontier Group Holdings Inc so its board can continue discussions with both Frontier and JetBlue Airways.

Battle for Spirit Airlines enters final stretch

The latest delay will allow Spirit to continue discussions with both Frontier and rival bidder JetBlue Airways.

Spirit Airlines Delays Shareholder Vote on Frontier Merger For Third Time

Spirit Airlines has again postponed a shareholder vote on a proposed merger with Frontier Airlines which is an indication that shareholders may not have support for the deal.

Spirit Airlines postpones vote on Frontier merger a third time

Spirit Airlines is again delaying a shareholder vote set for Friday on its deal to merge with Frontier Airlines.

Spirit again delays shareholder vote on Frontier deal, another win for rival suitor JetBlue

Spirit Airlines Inc will postpone a shareholder vote scheduled for Friday on its $2.4 billion sale to Frontier Group Holdings Inc so it can continue negotiations about selling itself to JetBlue Airways Corp instead, according to people familiar with the matter.

Exclusive - Spirit to postpone Frontier deal vote as JetBlue talks progress: sources

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News for Spirit Airlines Stock (SAVE)