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.

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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.

Airbus SE

Shares of Spirit Airlines Inc. SAVE, -3.28% fell 0.7% in premarket trading Monday, after the air carrier announced an agreement with Airbus SE EADSY, +1.29% AIR, +1.06% in which Spirit will defer deliveries of aircraft in an effort to improve its liquidity position by $340 million over the next two years. The deferrals are for aircraft ordered to be delivered in the second quarter of 2025 through the end of 2026 to 2030 to 2031.

Spirit Airlines to defer deliveries from Airbus, furlough pilots to boost liquidity

Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity.

Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity

MIRAMAR, Fla. , April 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it reached an agreement with Airbus to defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031.

Spirit Airlines Announces Deferral of Airbus Aircraft Deliveries

Spirit Airlines' merger with JetBlue has officially been cancelled. The company has a huge debt problem and is burning a lot of cash.

Should You Buy Spirit Airlines Stock?

The deal with IAE provides a breather to Spirit Airlines (SAVE), which is grappling with liquidity issues.

Spirit Airlines (SAVE) Inks Deal With International Aero Engines

Spirit Airlines' said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues.

Spirit Airlines gets credit from IAE that will boost liquidity

It's a high-risk/high-return proposition that won't suit most investors. The collapse of its merger with JetBlue has increased pressure on the airline.

1 Wall Street Analyst Thinks Spirit Airlines Stock Is Going to $4. Is It a Sell?

Airbus , Chief Financial Officer Thomas Toepfer stressed the importance of a stable relationship with supplier Spirit AeroSystems , in a newspaper interview published on Thursday, as rival Boeing mulls plans to buy the firm.

Important to have stable relations with Spirit, Airbus CFO says

The Federal Aviation Administration announced a proposed civil penalty of $146,500 against Spirit Airlines SAVE for alleged violations of the Department of Transportation Hazardous Materials Regulations. The airline is accused of improperly handling packages containing compressed oxygen containers, which it sent to ship on FedEx FDX.

FAA Fines Spirit Airlines For Hazmat Violation—Recalling ValueJet Crash

American Airlines

JetBlue Airways

JetBlue has lost more than $2 billion since its last profitable year, 2019.

JetBlue dropping service to these cities after deals with Spirit, American blocked

JetBlue Airways Corp JBLU stock has been in the news a lot over the past couple of months, mainly about Its proposed merger with Spirit Airlines Inc SAVE, which has also been driving investor sentiments around JetBlue stock.

JetBlue CEO Says Spirit Was 'Distraction': Stock Strikes Golden Cross As Airline Focuses On Core Markets - JetBlue Airways (NASDAQ:JBLU)

Broadcom

Target

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The Score: Spirit Airlines, Target, Broadcom and More Stocks That Defined the Week

Spirit Airlines (SAVE) benefits from a recovery in air-travel demand. However, rising operating expenses and high debt weigh on the bottom line.

Spirit Airlines (SAVE) Rides on Air Travel Demand, Costs Ail

JetBlue's merger with Spirit is officially canceled. Bondholders for Spirit Airlines are plotting what to do with the company.

Why Spirit Airlines Stock Fell (Again) This Week

China Rapid Finance

TTEC Holdings

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

Top 3 Industrials That Are Preparing To Pump In Q1 - SOS (NYSE:SOS), Spirit Airlines (NYSE:SAVE)

The Sprit Airlines (NYSE: SAVE) stock price has been slammed in the past few weeks as investors remain concerned about its bankruptcy risks. It has collapsed to $5.76, 65% below its highest point this year and by 90% from its December 2018 high.

SAVE stock price forecast: is Spirit Airlines a contrarian buy?

JetBlue Airways and Spirit Airlines have mutually agreed to terminate their merger, with JetBlue paying Spirit Airlines a $69 million fee. JetBlue's decision to terminate the merger allows the airline to avoid taking on additional debt and focus on reshaping its path to profitability. Spirit Airlines, despite facing bankruptcy risks, believes it can improve its financials and become cash flow positive as soon as this month.

JetBlue And Spirit Merger Termination Isn't The End Of The World

JetBlue Airways (NASDAQ:JBLU) has torn up its proposed takeover of Spirit Airlines, after a federal judge blocked the $3.8 billion deal.  Shares in New York airline JetBlue jumped almost 4% in early trading, while those in budget carrier Spirit plummeted almost 15%.

JetBlue and Spirit call off merger

JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law.

JetBlue, Spirit Airlines cancel merger after blocked by US court

JetBlue (JBLU) and Spirit Airlines (SAVE) have called off their $3.8 billion proposed merger after regulators blocked the deal.

JetBlue, Spirit Airlines Terminate $3.8 Billion Merger, Spirit Stock Skids

Shares of Spirit Airlines (NYSE: SAVE ) stock are taking a tumble after the discount airliner announced that its $3.8 billion merger with JetBlue (NYSE: JBLU ) had been called off. This morning, the two companies entered into a termination agreement that voided the merger agreement that they signed in July of 2022.

SAVE Stock Plunges as JetBlue Terminates Deal. Is It Over for Spirit Airlines?

Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns. A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.

JetBlue, Spirit call off $3.8B merger after losing antitrust suit: ‘Best path forward'

The price JetBlue had agreed to pay was looking like way too much.

JetBlue, Spirit Airlines Drop $3.8 Billion Merger. What the Stocks' Moves Are Saying.

Deal would have created fifth-largest US carrier but judge said it would harm consumers by reducing competition

JetBlue and Spirit Airlines cancel $3.8bn merger after judge blocked deal

The move came weeks after a judge ruled that the $3.8 billion deal would reduce competition and harm cost-conscious fliers.

News for Spirit Airlines Stock (SAVE)