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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NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Spirit Airlines, Inc. ("Spirit Airlines, Inc.") (NYSE:SAVE) concerning possible violations of federal securities laws. Spirit issued a press release announcing the Company's first quarter 2024 financial results on May 6, 2024.

SAVE STOCK ALERT: Levi & Korsinsky Notifies Spirit Airlines, Inc. Investors of an Ongoing Investigation

Spirit Airlines lost $1.46 per share in Q1, and forecast another revenue decline for Q2. Spirit seems likely to report its 11th straight money-losing quarter.

1 Wall Street Analyst Cuts Spirit Airlines' Price Target by 25%. Here's Why He's Right.

Spirit Airlines CEO Ted Christie told analysts on an earnings call Monday that the airline industry is a "rigged game" that only benefits the Big Four carriers.

Spirit Airlines CEO says industry is like a 'rigged game,' US consumers are 'long-term losers'

Spirit's (SAVE) first-quarter 2024 operating revenues decline 6.2% year over year.

Spirit (SAVE) Down on Wider-Than-Expected Q1 Loss & Bleak View

Spirit reported a narrow miss on EPS, with an adjusted EPS loss of $1.46 against estimates of $1.45. A year-over-year decrease in operating revenue by 6.2% and challenges in aircraft utilization highlight operational strains.

Spirit Airlines' Q1: More Challenges to Navigate

Spirit Airlines, Inc. (NYSE:SAVE ) Q1 2024 Earnings Conference Call May 6, 2024 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 Brandon Oglenski - Barclays Scott Group - Wolfe Research Duane Pfennigwerth - Evercore Partners Savi Syth - Raymond James Jamie Baker - JPMorgan Andrew Didora - Bank of America Conor Cunningham - Melius Research Michael Linenberg - Deutsche Bank Chris Stathoulopoulos - Susquehanna Dan McKenzie - Seaport Global Operator Thank you for standing by. My name is Pam, and I will be your conference operator today.

Spirit Airlines, Inc. (SAVE) Q1 2024 Earnings Call Transcript

Spirit Airlines faced a turbulent first quarter as it reported its 10th consecutive quarterly loss. The airline said it anticipates weak second-quarter revenue due to slow domestic demand recovery and aircraft grounding, especially affected by issues with RTX's Pratt & Whitney Geared Turbofan engines.

Spirit Airlines faces turbulent 1Q, expects weak 2Q revenue

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This week, we see some monthly reports on consumer activity and a lot of speeches from Fed members, but that???s about it.

A Cooler Start to the Trading Week; TSN Mixed, SAVE Misses

Spirit matched Wall Street estimates in the first quarter but guided for second-quarter revenue that was short of expectations. The airline is facing competitive pressure in its most important markets and continues to deal with the fallout of an RTX engine issue.

Why Spirit Airlines Stock Is Losing Altitude Today

The headline numbers for Spirit (SAVE) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Spirit (SAVE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Spirit (SAVE) came out with a quarterly loss of $1.46 per share versus the Zacks Consensus Estimate of a loss of $1.43. This compares to loss of $0.82 per share a year ago.

Spirit (SAVE) Reports Q1 Loss, Lags Revenue Estimates

The airline is trying to forge its future as a standalone company after its proposed merger with JetBlue Airways was blocked by a federal judge.

Spirit Airlines Stock Falls After Earnings. Why It Can't Get Off the Ground.

Spirit Airlines forecast weak second-quarter revenue on Monday due to sluggish improvement in domestic demand and grounding of dozens of its aircraft.

Spirit Airlines forecasts weak Q2 revenue on slow growth in domestic demand

Spirit Airlines Inc.'s stock SAVE, +0.82% fell 6% early Monday, after the discount carrier posted a wider-than-expected first-quarter loss as it refocuses on its future as a standalone company following the ending of its planned merger with JetBlue Airways Corp. JBLU, +0.52% in March. Dani Beach, Florida-based Spirit had a net loss of $142.6 million, or $1.30 a share, for the quarter, wider than the loss of $103.9 million, or 95 cents a share, posted in the year-earlier period.

Spirit Airlines' stock slides 6% after wider-than-expected first-quarter loss

Strategic and tactical changes benefiting unit revenue  Expect cost saving initiatives to benefit 2024 by over $75 million; annualized run-rate savings estimated at over $100 million DANIA BEACH, Fla., May 6, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported first quarter 2024 financial results.

Spirit Airlines Reports First Quarter 2024 Results

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Rising inflation pressures spooked equity markets in April. The S&P 500, for instance, shed more than 25% of its value, its worst month since last September.

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High fuel costs are likely to have hurt Spirit Airlines' (SAVE) bottom-line performance in Q1.

What's in Store for Spirit Airlines (SAVE) in Q1 Earnings?

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The economy continues to give investors mixed signals. Inflation remains at higher-than-average levels — compared to the Federal Reserve's preferred 2% target.

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DANIA BEACH, Fla., April 30, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) commitment to providing the best value in the sky was recognized in WalletHub's 'Best Airlines' (2024) report, earning the carrier a top ranking for safety and affordability.

Spirit Airlines Recognized for Safety and Affordability by WalletHub

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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.

Earnings Preview: Spirit (SAVE) Q1 Earnings Expected to Decline

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MIAMI--(BUSINESS WIRE)--TA Connections advanced camera scanning technology has transformed the baggage ramp for Spirit Airlines Service Agents.

Spirit Airlines Optimizes Baggage Operations and Reduces Costs with TA Ramp

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Spirit Airlines (SAVE) expects fuel cost per gallon to be $2.90 in Q1.

News for Spirit Airlines Stock (SAVE)