4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

4 - Spirit Airlines, Inc. (0001498710) (Issuer)

Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported second quarter 2024 financial results. Second Quarter 2024  Financial Results (unaudited) As Reported Adjusted1 Total operating revenues $1,280.9 million $1,280.9 million Operating income (loss) $(152.5) million $(166.9) million Operating margin (11.9) % (13.0) % Net income (loss) $(192.9) million $(157.9) million Diluted earnings (loss) per share $(1.76) $(1.44) "Summer demand remains robust

DANIA BEACH, Fla., July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) announced today that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. "We are very pleased that Richard Wallman has agreed to join our board," said H. McIntyre "Mac" Gardner, Spirit's Chairman of the Board. "Richard is a wise and respected business leader, with a deep background in financial management, corporate development, and diverse experience on public and private company boards. Richard will be a tremendous

Appoints Aviation Industry Veteran Fred Cromer as Chief Financial Officer Dana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and Tomas Ranaldi Promoted to VP, Financial Planning & Analysis DANIA BEACH, Fla., July 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE:SAVE) today announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President and Chief Financial Officer, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian McMenamy, who will remain in a senior finance role with the Company to ensure a smooth transition.

Appoints Brian McMenamy as Interim Chief Financial Officer  Current CFO Scott Haralson to Join Larger Publicly Traded Company Outside of Airline Industry as CFO  DANIA BEACH, Fla., June 3, 2024 /PRNewswire/ -- Spirit Airlines (NYSE:SAVE) today announced that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024. McMenamy succeeds Scott Haralson, Executive Vice President and Chief Financial Officer, who is departing to become CFO of a larger, publicly traded company outside of the airline industry. Haralson will continue in his role through June 14, 2024 to ensure a smooth transition. Spirit will initiate a comprehensive sear

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. First Quarter 2024 Financial Results Quarterly results were in line with expectations despite a 230 basis point1 headwind from deferred recognition in earnings of a significant portion of the credits from Pratt & Whitney related to aircra

Positions JetBlue to focus on organic strategy and return to profitability JetBlue (NASDAQ:JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE:SAVE) to terminate their July 2022 merger agreement. Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies as required closing conditions, including receiving necessary legal and regulatory approvals, were unlikely to be met by the merger agreement's outside date of July 24, 2024. "We believed this merger was worth pursuing because it would have unleashed a national low-fare, high

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 23, 2024, as the record date for the February 2024 prepayment to Spirit stockholders of $0.10 per Spirit share (the "February 2024 Additional Prepayment"), with payment of the February 2024 Additional Prepayment to occur on February 29, 2024. Pursuant to the Merger Agreement, Spirit stockholders as of the February 23, 2024, record date will be entitled to receive the February 2024 Additional Prep

MIRAMAR, Fla., Feb. 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported fourth quarter and full year 2023 financial results. Fourth Quarter 2023(unaudited) As Reported Adjusted1 Total operating revenues $1,321.8 million $1,321.8 million Operating income (loss) $(214.8) million $(163.3) million Operating margin (16.3) % (12.4) % Net income (loss) $(183.7) million $(148.7) million Diluted earnings (loss) per share $(1.68) $(1.36) "As we enter 2024, we are beginning to see benefits from the tactical and strategic changes we impleme

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, 2024, as the record date for the January 2024 prepayment to Spirit stockholders of $0.10 per Spirit share (the "January 2024 Additional Prepayment"), with payment of the January 2024 Additional Prepayment to occur on January 31, 2024. Pursuant to the Merger Agreement, Spirit stockholders as of the January 25, 2024, record date will be entitled to receive the January 2024 Additional Prepayment.

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 December 22, 2023, as the record date for the December 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the "December 2023 Additional Prepayment"), with payment of the December 2023 Additional Prepayment to occur on December 29, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the December 22, 2023, record date will be entitled to receive the December 2023 Additional Prep

TD Cowen downgraded Spirit Airlines from Hold to Sell and set a new price target of $2.00 from $3.00 previously

Deutsche Bank downgraded Spirit Airlines from Hold to Sell and set a new price target of $2.00 from $3.00 previously

Raymond James downgraded Spirit Airlines from Mkt Perform to Underperform

TD Cowen reiterated coverage of Spirit Airlines with a rating of Hold and set a new price target of $3.00 from $4.00 previously

TD Cowen reiterated coverage of Spirit Airlines with a rating of Hold and set a new price target of $4.00 from $5.00 previously

Barclays resumed coverage of Spirit Airlines with a rating of Underweight and set a new price target of $4.00

TD Cowen reiterated coverage of Spirit Airlines with a rating of Market Perform and set a new price target of $5.00 from $11.00 previously

Citigroup downgraded Spirit Airlines from Neutral to Sell and set a new price target of $4.00 from $13.00 previously

BofA Securities resumed coverage of Spirit Airlines with a rating of Underperform and set a new price target of $5.00

Seaport Research Partners downgraded Spirit Airlines from Buy to Neutral