View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSpirit Airlines 향후 성장Future 기준 점검 0/6Spirit Airlines은 연간 수입과 매출이 각각 51.6%와 0.3% 증가할 것으로 예상되고 EPS는 연간 55.8%만큼 증가할 것으로 예상됩니다.핵심 정보51.6%이익 성장률55.78%EPS 성장률Airlines 이익 성장19.5%매출 성장률0.3%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트06 Jan 2025최근 향후 성장 업데이트공시 • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.공시 • Feb 10Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024Spirit Airlines, Inc. provided earnings guidance for the first quarter of 2024. The company estimates the first quarter 2024 total revenue will range between $1.25 billion and $1.28 billion. For the first quarter, the company estimates capacity will be up approximately 1.5% year-over-year, which is about 5.5 percentage points lower than projected back in October.공시 • Aug 04Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023Spirit Airlines, Inc. provided earnings guidance for third quarter 2023. For the quarter, the company expects total revenue for the third quarter 2023 will range between $1.3 billion and $1.32 billion down 3.2% to down 1.7%, with capacity increasing 13.7% year-over-year. This equates to unit revenue being down 13.6% to 14.9% year-over-year in the third quarter.모든 업데이트 보기Recent updates공시 • Mar 14Spirit Airlines Files Form 15Spirit Airlines, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $0.0001 per share.공시 • Mar 13+ 1 more updateSpirit Airlines, Inc. Deleted from OTC EquitySpirit Airlines, Inc. has been deleted from OTC Equity effective March 12, 2025, due to Bankruptcy Plan Effective /Shares Cancelled.공시 • Mar 06+ 1 more updateSpirit Airlines Announces New Service At Columbia Metropolitan Airport Starting June 2025Spirit Airlines announced that it will touch down in the heart of South Carolina this June with new, high-value service at Columbia Metropolitan Airport (CAE). The carrier will offer nonstop service to Fort Lauderdale-Hollywood International Airport (FLL) and the only nonstop flights to Newark Liberty International Airport (EWR) and Orlando International Airport (MCO), the airport nearest to Orlando's major theme parks and attractions. Spirit's all-Airbus fleet will take off from CAE for the first time on June 5, with travel options ranging from premium to economical. Spirit Airlines Columbia (CAE) Service: Destination: Flights Available: Launch Date: Introductory Fare: Fort Lauderdale (FLL): 3x Weekly; June 6, 2025; Starting at 50 one way. Newark (EWR): 4x Weekly; June 5, 2025; Starting at 50 one way. Orlando (MCO): 3x Weekly; June 5, 2025; Starting at 50* one way. The airline first launched its South Carolina service at Myrtle Beach (MYR) more than 25 years ago and later added Charleston (CHS) to its route map in 2023. Introductory Fare: Guests traveling between Columbia (CAE) and Fort Lauderdale (FLL), Newark (EWR) and Orlando (MCO) can take advantage of an introductory fare starting at $50 one-way for travel from June 5 through Aug. 12, 2025. Must be purchased 14 days in advance to be eligible. These special introductory fares are available for purchase through March 20, 2025. Spirit's Enhanced Guest Experience: Columbia Guests can enjoy Spirit's recent transformation and new travel options, which provide an elevated and more seamless experience no matter the destination. The four new travel options include: Go Big to get enhanced comfort with a Big Front Seat®, a carry-on and first checked bag, no change or cancel fees, Priority Check-in and Boarding, complimentary snacks and drinks, including alcoholic beverages and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with no one in the middle, a carry-on bag, no change or cancel fees, priority boarding, a small snack and non-alcoholic beverage. Go Savvy to get a standard seat selection, carry-on bag and no change or cancel fees. Go to keep it simple with no extras. Standard seat selection, checked bags and other options can be purchased separately.공시 • Feb 12Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submitted the proposal to acquire Spirit Airlines, Inc. on February 4, 2025. Under the terms of the New Proposal, which was subject to various conditions, Spirit’s stakeholders would receive $400 million principal amount of second-lien debt issued by Frontier and 19.0% of Frontier’s common equity following the proposed combination. The New Proposal would not require the Company to complete its previously announced $350 million equity rights offering, and required a waiver of the Bankruptcy Court-approved $35 million termination fee that would otherwise be owed under the Backstop Commitment Agreement, dated Nov. 18, 2024, by and among the Company and the other stakeholders party thereto (the “Backstop Commitment Agreement”). Notably, the New Proposal did not address certain material risks and issues previously identified by the Company, including that the New Proposal would deliver less in value to the Company’s stakeholders than contemplated by the Company’s existing plan of reorganization, is uncertain as to timing and completion, would result in extended and materially more costly and uncertain chapter 11 proceedings, and has uncertainties with regard to needed regulatory and court approvals. The Company’s management and Board of Directors, consistent with their fiduciary duties, carefully reviewed the New Proposal in consultation with the Company’s external legal and financial advisors. Akin Gump Strauss Hauer & Feld LLP is acting as legal counsel and Evercore is acting as financial advisor to the ad hoc group of loyalty noteholders. Paul Hastings LLP is acting as legal counsel and Ducera Partners LLC is acting as financial advisor to the convertible bondholders. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. on February 11, 2025.공시 • Jan 30Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submit a proposal to acquire Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion on January 7, 2025. The consideration consists of $1.76 billion common equity of Frontier Group Holdings, Inc. to be issued for common equity of Spirit Airlines, Inc. Frontier will issue $400 million principal amount of debt by Frontier and 19.0% of Frontier’s common equity at the closing of the transaction, to be distributed to the Holders of Senior Secured Notes, 2025 Convertible Notes, 2026 Convertible Notes and Existing Interests. Frontier Board of Directors has unanimously approved our Proposal. Evercore Group L.L.C. is acting as financial advisor to the ad hoc group of Holders of Senior Secured Notes of Spirit Airlines. Frontier has retained Citigroup Global Markets, Inc. as its financial advisor for this transaction and Latham & Watkins LLP as its legal counsel. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) on January 28, 2025. Spirit Airlines board of directors rejected the proposal.공시 • Dec 19Final DIP Financing Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave an order to Spirit Airlines, Inc. to obtain DIP financing on a final basis on December 18, 2024. As per the order, the debtor has been authorized to obtain a term loan facility in the amount of $300 million Wilmington Savings Fund Society, FSB acting as the administrative agent. The DIP loan would either carry an interest rate of DIP Loans and DIP Notes will bear interest at a rate per annum equal to (a) Term SOFR plus 7.00% per annum or (b) Alternate Base Rate plus 6.00% per annum. Interest shall be payable in cash. Interest shall be calculated on the basis of the actual number of days elapsed in a 360-day year. Interest shall be payable in arrears on the last Business Day of each month, regardless of whether interest accrues based on Term SOFR or the Alternate Base Rate., along with an additional 2% p.a. interest in the event of default. The DIP facility would mature either on 12 months after the petition date, i.e. November 18, 2025, or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.05 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral.공시 • Dec 18Combined Hearing for Disclosure Statement and Joint Plan Approved on Interim Basis for Spirit Airlines, Inc.The US Bankruptcy Court approved the combined hearing to consider approval of disclosure statement and joint plan of Spirit Airlines, Inc. and interim approval of disclosure statement on December 17, 2024. The debtor had filed its disclosure statement and joint plan in the Court on December 17, 2024. The voting record date is December 10, 2024. The deadline to vote on the plan is January 21, 2025. Any objections to the plan should be made before January 21, 2025, and the confirmation hearing for the plan and disclosure statement has been scheduled for January 29, 2025.공시 • Nov 29Motion for Asset Sale Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave interim order approving the sale of the certain assets of Spirit Airlines, Inc. on November 27, 2024. The debtor has been authorized to sell its certain assets to Aircraft Sale Agreement with GA Telesis, LLC, for a purchase price of $518.9 million in cash. The debtor’s assets include 23 used Airbus A320ceo and A321ceo aircraft.공시 • Nov 28+ 1 more updateMotion for Joint Administration Filed by Spirit Airlines, Inc.Spirit Airlines, Inc along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on November 26, 2024. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd., with its own case for administrative and procedural purposes. Spirit Airlines, Inc., has been proposed as the lead debtor.공시 • Nov 26Affiliate Companies Joined Spirit Airlines, Inc. BankruptcyFour affiliate debtors filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 25, 2024. The affiliates include Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd. The debtors are represented by Marshall Scott Huebner of Davis Polk & Wardwell LLP as their legal counsel.공시 • Nov 21+ 1 more updateSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI IndexSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI Index공시 • Nov 20The New York Stock Exchange to Commence Delisting Proceedings against Spirit AirlinesThe New York Stock Exchange (‘NYSE’, the ‘Exchange’) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the ‘Company’) from the NYSE. Trading in the Company’s common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s November 18, 2024 press release and Form 8-K disclosures that the Company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York. In reaching its delisting determination, NYSE Regulation notes the Company disclosed that all of the Company’s existing common stock and other equity interests will be cancelled without any distributions to the holders of such common stock and other equity interests on account thereof. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.공시 • Nov 19Spirit Airlines, Inc. Filed for BankruptcySpirit Airlines, Inc., filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 18, 2024. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Darren S. Klein and Marshall Scott Huebner of Davis Polk & Wardwell LLP as its legal counsel. The debtor also hired Alvarez & Marsal North America, LLC as financial and compensation advisor, Perella Weinberg Partners as investment banker, Debevoise & Plimpton LLP as fleet counsel, Walkers Cayman Islands as Cayman counsel, Morris, Nichols, Arsht & Tunnell LLP as conflicts counsel, O’Melveny & Myers LLP as labor counsel, and Kathryn Tran of Epiq Corporate Restructuring, LLC, as claims, noticing, solicitation, and administrative agent.공시 • Nov 14Spirit Airlines, Inc. announced delayed 10-Q filingOn 11/13/2024, Spirit Airlines, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.Board Change • Oct 24Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Director Richard Wallman was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Oct 24Frontier Airlines, Spirit Airlines Reportedly Revive Merger TalksFrontier Airlines, Inc. is exploring a renewed bid for Spirit Airlines, Inc. (NYSE:SAVE), people familiar with the matter said, as Spirit continues discussions with bondholders over the terms of a potential bankruptcy filing. The two budget airlines have had recent discussions about a possible merger, though the people said the talks are at an early stage and that a deal may not come to fruition.공시 • Oct 15Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort LauderdaleSpirit Airlines announced that it is celebrating its new Alabama service on October 15, 2024, following the October 10, 2024 launch of its daily, nonstop service from Birmingham-Shuttlesworth International Airport (BHM) to Fort Lauderdale-Hollywood International Airport (FLL). Spirit's introduction of the only nonstop flight from Birmingham to Fort Lauderdale provides affordable options for travelers who want to visit the Sunshine State or take advantage of one-stop connections to more than two dozen destinations across the United States, Latin America and the Caribbean. The airline is commemorating the launch of its Birmingham service with limited-time fares starting as low as $49 one-way to and from BHM. Additionally, members of the Free Spirit loyalty program can earn 1,500 bonus points on roundtrip flights and 750 bonus points on one-way flights to and from Birmingham (BHM). Travel must be booked by October 20, 2024, and flown by November 30, 2024. Birmingham Guests can benefit from a more seamless travel experience with Spirit's new boarding process featuring five groups that aim to reduce boarding time and enhance operational performance. Travelers can also enjoy the airline's four new travel options, which all include the flexibility of no change or cancel fees. Go Big to get enhanced comfort with a Big Front Seat®, one checked and one carry-on bag, priority check-in and boarding, snacks and drinks, including alcoholic beverages, and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with a guaranteed blocked middle seat, one checked and one carry-on bag, priority boarding, a snack and non-alcoholic beverage during each service. Go Savvy to get a standard seat selection and a choice of one checked or one carry-on bag. Go to keep it simple with the greatest affordability. Standard seat selection, a checked bag and other options can be purchased separately. For a limited-time, Free Spirit members that choose to Go Big or Go Comfy will earn double points when they book and complete travel.공시 • Jul 30Spirit Airlines, Inc. to Report Q2, 2024 Results on Aug 01, 2024Spirit Airlines, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024공시 • Jul 16Spirit Airlines, Inc Appoints Richard F. Wallman as Member of Board of DirectorSpirit Airlines, Inc. announced that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. Mr. Wallman served as the Chief Financial Officer and Senior Vice President of Honeywell International Inc., a diversified industrial technology and manufacturing company, and its predecessor AlliedSignal, from March 1995 to July 2003. Prior to that, Mr. Wallman served in senior financial positions with IBM and Chrysler Corporation. He is currently a director of CECO Environmental Corp., Charles River Laboratories International, Inc., and Roper Technologies, Inc. Mr. Wallman received his Bachelor of Science from Vanderbilt University and his MBA from the University of Chicago Booth Graduate School of Business.공시 • Jul 02+ 1 more updateSpirit Airlines Announces Executive ChangesSpirit Airlines announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President, 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. Cromer brings three decades of experience in the aviation industry, with expertise in financial management, strategic planning, treasury and operations. Cromer has held numerous executive positions over his career, most recently serving as Chief Executive Officer, and previously Chief Financial Officer, of Xwing, Inc. Prior to joining Xwing, Cromer served as President of Bombardier Commercial Aircraft from 2015 to 2020, President of International Lease Finance Corporation from 2008 to 2015, and Chief Financial Officer and Vice President at ExpressJet Airlines from 1998 to 2008. Cromer holds an A.B. degree in Economics from the University of Michigan and an MBA in Finance from DePaul University. Spirit also announced additional significant leadership updates: Dana Shapir Alviene has been appointed Senior Vice President of Inflight and Airport Experience, effective July 29, 2024. Shapir Alviene joins Spirit from Avianca where she served as Senior Vice President of Customer Experience. Prior to Avianca, she held multiple leadership roles at JetBlue Airways between 2014 and 2023, including Vice President, Airports Experience. She began her aviation career at Southwest Airlines where she served in key operational, customer service and leadership roles. Shapir Alviene's extensive operational and customer expertise will elevate Spirit's Guest experience and strengthen collaboration between its Airports and Inflight teams.공시 • Jun 18Spirit Airlines, Inc. Announces Bringing Affordable Air Service to BHM Beginning October 10, 2024Spirit Airlines announced it is bringing affordable air service to BHM beginning October 10, 2024, with the only nonstop flight from BHM to Fort Lauderdale (FLL). Spirit's launch at Birmingham will mark the first time the airline serves the state of Alabama and will provide low-fare flight options to the Sunshine State and one-stop connections to Latin America and the Caribbean. To celebrate the new route, Spirit is offering limited-time introductory fares starting at $69 for travel October 10 through November 19, 2024. All fares are one-way, subject to 14-day advance purchase and availability. Spirit's Elevated Guest Experience: Spirit continues its commitment to invest in the Guest, which entails a number of initiatives aimed at delivering the best value in the sky: NEW: No change or cancel fees for all Guests; NEW: Increased checked bag weight allowance to 50 pounds; NEW: Extended Future Travel Vouchers expiration to 12 months (for vouchers issued on or after June 3, 2024); Spirit's Fit Fleet® is one of the youngest and most fuel-efficient fleets in the industry; Cabin enhancements with wider seats, added cushion, new headrests and upgrades to its unique Big Front Seat®; Fast onboard Wi-Fi that allows Guests to watch content from streaming services.Board Change • Jun 12Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Jun 05Spirit Airlines Announces CFO Changes, Effective June 14, 2024Spirit Airlines 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 search for a CFO with the assistance of a leading executive search firm. Brian McMenamy brings nearly 40 years of experience in corporate finance. Prior to joining Spirit in 2017, McMenamy held various roles in finance at American Airlines over the course of his 33-year tenure, including Vice President, Finance; Vice President, Financial Planning and Analysis; and Vice President and Controller. He holds a Bachelor of Science in Financial Economics from Rockhurst College in Kansas City, Missouri, and an MBA from Northwestern University's J.L. Kellogg Graduate School of Management. He is also a Certified Public Accountant.Reported Earnings • May 07First quarter 2024 earnings released: US$1.30 loss per share (vs US$0.95 loss in 1Q 2023)First quarter 2024 results: US$1.30 loss per share (further deteriorated from US$0.95 loss in 1Q 2023). Revenue: US$1.27b (down 6.2% from 1Q 2023). Net loss: US$142.6m (loss widened 37% from 1Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Global Airlines industry.공시 • Apr 28Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect the following two Class I directors to hold office until the 2027 annual meeting of stockholders or until their resignation or removal, or until their respective successors are elected: Robert D. Johnson and Barclay G. Jones III; to ratify the selection, by the Audit Committee of the Board of Directors, of Ernst & Young LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2024; to approve, on a non-binding, advisory basis, the compensation of company's named executive officers as disclosed in the attached Proxy Statement pursuant to executive compensation disclosure rules under the Securities Exchange Act of 1934, as amended; to hold a non-binding, advisory vote on whether the advisory vote to approve the compensation of company's named executive officers should be held every one, two or three years; and to consider other matters.Board Change • Apr 23Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Mar 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 11Full year 2023 earnings released: US$4.10 loss per share (vs US$5.10 loss in FY 2022)Full year 2023 results: US$4.10 loss per share (improved from US$5.10 loss in FY 2022). Revenue: US$5.36b (up 5.8% from FY 2022). Net loss: US$447.5m (loss narrowed 19% from FY 2022). Available seat kilometres (ASK): 89.58b (up 15% from FY 2022). Passenger load factor: 81.3% (down from 81.9% in FY 2022). Total aircraft: 205 (up by 11 from FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Global Airlines industry.공시 • Feb 10Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024Spirit Airlines, Inc. provided earnings guidance for the first quarter of 2024. The company estimates the first quarter 2024 total revenue will range between $1.25 billion and $1.28 billion. For the first quarter, the company estimates capacity will be up approximately 1.5% year-over-year, which is about 5.5 percentage points lower than projected back in October.Board Change • Jan 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 12Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Nov 16Spirit Airlines Carry-On Fee Class Action Settlement: Claim Submission Now OpenKlafter Lesser LLP and the Hermina Law Group are pleased to announce that the settlement website, www.SpiritCarryOnBagFeeSettlement.com, is now accepting claims to share in a proposed $8.25 million settlement that has been reached in a class action against Spirit Airlines, Inc. concerning the carry-on fees it charged United States passengers who booked their first Spirit flight through certain on-line travel agents during the period August 31, 2011, and May 3, 2017. The settlement was reached in Cox, et al., v. Spirit Airlines, Inc., Civil Action No. 17-CV-5172 (EK)(VMS), which is pending in federal court in Brooklyn, New York and is subject to approval by that Court. A Notice describing the settlement in detail, your rights, and the Claim Form to be submitted no later than January 10, 2024 in order to be eligible to share in the settlement can be found at www.SpiritCarryOnBagFeeSettlement.com. Jeffrey Klafter, one of the principal lawyers prosecuting this case states: "We urge every eligible Class member to submit a claim form so they can receive as much as 75% of the carry-on fee they paid. The Claim Form is simple and will take no more than five minutes to complete." "Class members should do this as soon as possible," said John Hermina, co-counsel in the case. The Court has scheduled a hearing on December 11, 2023, to consider final settlement approval.공시 • Oct 28+ 1 more updateSpirit Airlines Announces New, Nonstop Service to Felipe Carillo Puerto International Airport in Tulum, MexicoSpirit Airlines announced new, nonstop service to Felipe Carillo Puerto International Airport (TQO) in Tulum, Mexico, making it the first U.S.-based ULCC to announce service at the brand-new airport. Daily flights from Fort Lauderdale (FLL) and Orlando (MCO) will launch on March 28, 2024, in conjunction with the start of TQO's international service. In celebration of the new Tulum service, Spirit is offering introductory one-way fares from FLL and MCO to TQO starting at $149, inclusive of taxes and fees. Guests can redeem the introductory fare for travel from April 10 - May 21, 2024. The addition of nonstop flights to Tulum grows the carrier's international service at FLL to 26 destinations and MCO to 11 destinations. Florida serves as a gateway to the carrier's flights to Latin America and the Caribbean, and the new TQO service adds a one-stop option to Guests traveling from 53 cities across the U.S.공시 • Oct 13Spirit Airlines, Inc. to Report Q3, 2023 Results on Oct 26, 2023Spirit Airlines, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023공시 • Sep 12Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE).Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE) on September 11, 2023. Under the agreement, Spirit Airlines will transfer Spirit's assets in Boston and Newark, including gates and landing authorizations, to Allegiant. It will also yield up to five gates at Fort Lauderdale to facilitate Allegiant's growth. The divestiture is contingent on the JetBlue-Spirit transaction's closure. The transaction is subject to approval from local airport authorities and the FAA/DOT.공시 • Aug 04Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023Spirit Airlines, Inc. provided earnings guidance for third quarter 2023. For the quarter, the company expects total revenue for the third quarter 2023 will range between $1.3 billion and $1.32 billion down 3.2% to down 1.7%, with capacity increasing 13.7% year-over-year. This equates to unit revenue being down 13.6% to 14.9% year-over-year in the third quarter.공시 • Jul 25Spirit Airlines, Inc. to Report Q2, 2023 Results on Aug 03, 2023Spirit Airlines, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023공시 • Jun 02Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE).Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE) on June 1, 2023.이익 및 매출 성장 예측BMV:SAVE * - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20265,424N/A145293112/31/20254,812-402-304-132412/31/20244,959-738-649-48929/30/20245,065-827-890-817N/A6/30/20245,127-677-797-647N/A3/31/20245,278-486-792-524N/A12/31/20235,363-447-535-247N/A9/30/20235,432-534-506-121N/A6/30/20235,517-413-399-45N/A3/31/20235,451-463-26532N/A12/31/20225,068-554-353-89N/A9/30/20224,665-371-393-100N/A6/30/20224,244-319-484-188N/A3/31/20223,737-555-27042N/A12/31/20213,231-473-143209N/A9/30/20212,742-543-123181N/A6/30/20212,221-65731306N/A3/31/20211,500-513-400-73N/A12/31/20201,810-429-778-225N/A9/30/20202,281-190-60564N/A6/30/20202,871-8-511163N/A3/31/20203,746251-294381N/A12/31/20193,83133596551N/A9/30/20193,72434623556N/A6/30/20193,636360-15596N/A3/31/20193,475257-76540N/A12/31/20183,323156-287506N/A9/30/20183,126311-445346N/A6/30/20182,909273N/A353N/A3/31/20182,758339N/A423N/A12/31/20172,644416N/A425N/A9/30/20172,556217N/A421N/A6/30/20172,490238N/A437N/A3/31/20172,374234N/A389N/A12/31/20162,320263N/A472N/A9/30/20162,263291N/A544N/A6/30/20162,217307N/A534N/A3/31/20162,186310N/A562N/A12/31/20152,141317N/A473N/A9/30/20152,096299N/A423N/A6/30/20152,041269N/A416N/A3/31/20151,987257N/A339N/A12/31/20141,932225N/A262N/A9/30/20141,877213N/A228N/A6/30/20141,814207N/A205N/A3/31/20141,722184N/A201N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SAVE * 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: SAVE * 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: SAVE * 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: SAVE * 의 수익(연간 0.3%)이 MX 시장(연간 6.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: SAVE * 의 수익(연간 0.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SAVE *의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/02/12 09:55종가2024/11/15 00:00수익2024/09/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Spirit Aviation Holdings, Inc.는 11명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Garrett ChaseBarclaysStephen TrentCitigroup IncDuane PfennigwerthEvercore ISI8명의 분석가 더 보기
공시 • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.
공시 • Feb 10Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024Spirit Airlines, Inc. provided earnings guidance for the first quarter of 2024. The company estimates the first quarter 2024 total revenue will range between $1.25 billion and $1.28 billion. For the first quarter, the company estimates capacity will be up approximately 1.5% year-over-year, which is about 5.5 percentage points lower than projected back in October.
공시 • Aug 04Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023Spirit Airlines, Inc. provided earnings guidance for third quarter 2023. For the quarter, the company expects total revenue for the third quarter 2023 will range between $1.3 billion and $1.32 billion down 3.2% to down 1.7%, with capacity increasing 13.7% year-over-year. This equates to unit revenue being down 13.6% to 14.9% year-over-year in the third quarter.
공시 • Mar 14Spirit Airlines Files Form 15Spirit Airlines, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $0.0001 per share.
공시 • Mar 13+ 1 more updateSpirit Airlines, Inc. Deleted from OTC EquitySpirit Airlines, Inc. has been deleted from OTC Equity effective March 12, 2025, due to Bankruptcy Plan Effective /Shares Cancelled.
공시 • Mar 06+ 1 more updateSpirit Airlines Announces New Service At Columbia Metropolitan Airport Starting June 2025Spirit Airlines announced that it will touch down in the heart of South Carolina this June with new, high-value service at Columbia Metropolitan Airport (CAE). The carrier will offer nonstop service to Fort Lauderdale-Hollywood International Airport (FLL) and the only nonstop flights to Newark Liberty International Airport (EWR) and Orlando International Airport (MCO), the airport nearest to Orlando's major theme parks and attractions. Spirit's all-Airbus fleet will take off from CAE for the first time on June 5, with travel options ranging from premium to economical. Spirit Airlines Columbia (CAE) Service: Destination: Flights Available: Launch Date: Introductory Fare: Fort Lauderdale (FLL): 3x Weekly; June 6, 2025; Starting at 50 one way. Newark (EWR): 4x Weekly; June 5, 2025; Starting at 50 one way. Orlando (MCO): 3x Weekly; June 5, 2025; Starting at 50* one way. The airline first launched its South Carolina service at Myrtle Beach (MYR) more than 25 years ago and later added Charleston (CHS) to its route map in 2023. Introductory Fare: Guests traveling between Columbia (CAE) and Fort Lauderdale (FLL), Newark (EWR) and Orlando (MCO) can take advantage of an introductory fare starting at $50 one-way for travel from June 5 through Aug. 12, 2025. Must be purchased 14 days in advance to be eligible. These special introductory fares are available for purchase through March 20, 2025. Spirit's Enhanced Guest Experience: Columbia Guests can enjoy Spirit's recent transformation and new travel options, which provide an elevated and more seamless experience no matter the destination. The four new travel options include: Go Big to get enhanced comfort with a Big Front Seat®, a carry-on and first checked bag, no change or cancel fees, Priority Check-in and Boarding, complimentary snacks and drinks, including alcoholic beverages and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with no one in the middle, a carry-on bag, no change or cancel fees, priority boarding, a small snack and non-alcoholic beverage. Go Savvy to get a standard seat selection, carry-on bag and no change or cancel fees. Go to keep it simple with no extras. Standard seat selection, checked bags and other options can be purchased separately.
공시 • Feb 12Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submitted the proposal to acquire Spirit Airlines, Inc. on February 4, 2025. Under the terms of the New Proposal, which was subject to various conditions, Spirit’s stakeholders would receive $400 million principal amount of second-lien debt issued by Frontier and 19.0% of Frontier’s common equity following the proposed combination. The New Proposal would not require the Company to complete its previously announced $350 million equity rights offering, and required a waiver of the Bankruptcy Court-approved $35 million termination fee that would otherwise be owed under the Backstop Commitment Agreement, dated Nov. 18, 2024, by and among the Company and the other stakeholders party thereto (the “Backstop Commitment Agreement”). Notably, the New Proposal did not address certain material risks and issues previously identified by the Company, including that the New Proposal would deliver less in value to the Company’s stakeholders than contemplated by the Company’s existing plan of reorganization, is uncertain as to timing and completion, would result in extended and materially more costly and uncertain chapter 11 proceedings, and has uncertainties with regard to needed regulatory and court approvals. The Company’s management and Board of Directors, consistent with their fiduciary duties, carefully reviewed the New Proposal in consultation with the Company’s external legal and financial advisors. Akin Gump Strauss Hauer & Feld LLP is acting as legal counsel and Evercore is acting as financial advisor to the ad hoc group of loyalty noteholders. Paul Hastings LLP is acting as legal counsel and Ducera Partners LLC is acting as financial advisor to the convertible bondholders. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. on February 11, 2025.
공시 • Jan 30Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submit a proposal to acquire Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion on January 7, 2025. The consideration consists of $1.76 billion common equity of Frontier Group Holdings, Inc. to be issued for common equity of Spirit Airlines, Inc. Frontier will issue $400 million principal amount of debt by Frontier and 19.0% of Frontier’s common equity at the closing of the transaction, to be distributed to the Holders of Senior Secured Notes, 2025 Convertible Notes, 2026 Convertible Notes and Existing Interests. Frontier Board of Directors has unanimously approved our Proposal. Evercore Group L.L.C. is acting as financial advisor to the ad hoc group of Holders of Senior Secured Notes of Spirit Airlines. Frontier has retained Citigroup Global Markets, Inc. as its financial advisor for this transaction and Latham & Watkins LLP as its legal counsel. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) on January 28, 2025. Spirit Airlines board of directors rejected the proposal.
공시 • Dec 19Final DIP Financing Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave an order to Spirit Airlines, Inc. to obtain DIP financing on a final basis on December 18, 2024. As per the order, the debtor has been authorized to obtain a term loan facility in the amount of $300 million Wilmington Savings Fund Society, FSB acting as the administrative agent. The DIP loan would either carry an interest rate of DIP Loans and DIP Notes will bear interest at a rate per annum equal to (a) Term SOFR plus 7.00% per annum or (b) Alternate Base Rate plus 6.00% per annum. Interest shall be payable in cash. Interest shall be calculated on the basis of the actual number of days elapsed in a 360-day year. Interest shall be payable in arrears on the last Business Day of each month, regardless of whether interest accrues based on Term SOFR or the Alternate Base Rate., along with an additional 2% p.a. interest in the event of default. The DIP facility would mature either on 12 months after the petition date, i.e. November 18, 2025, or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.05 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral.
공시 • Dec 18Combined Hearing for Disclosure Statement and Joint Plan Approved on Interim Basis for Spirit Airlines, Inc.The US Bankruptcy Court approved the combined hearing to consider approval of disclosure statement and joint plan of Spirit Airlines, Inc. and interim approval of disclosure statement on December 17, 2024. The debtor had filed its disclosure statement and joint plan in the Court on December 17, 2024. The voting record date is December 10, 2024. The deadline to vote on the plan is January 21, 2025. Any objections to the plan should be made before January 21, 2025, and the confirmation hearing for the plan and disclosure statement has been scheduled for January 29, 2025.
공시 • Nov 29Motion for Asset Sale Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave interim order approving the sale of the certain assets of Spirit Airlines, Inc. on November 27, 2024. The debtor has been authorized to sell its certain assets to Aircraft Sale Agreement with GA Telesis, LLC, for a purchase price of $518.9 million in cash. The debtor’s assets include 23 used Airbus A320ceo and A321ceo aircraft.
공시 • Nov 28+ 1 more updateMotion for Joint Administration Filed by Spirit Airlines, Inc.Spirit Airlines, Inc along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on November 26, 2024. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd., with its own case for administrative and procedural purposes. Spirit Airlines, Inc., has been proposed as the lead debtor.
공시 • Nov 26Affiliate Companies Joined Spirit Airlines, Inc. BankruptcyFour affiliate debtors filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 25, 2024. The affiliates include Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd. The debtors are represented by Marshall Scott Huebner of Davis Polk & Wardwell LLP as their legal counsel.
공시 • Nov 21+ 1 more updateSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI IndexSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI Index
공시 • Nov 20The New York Stock Exchange to Commence Delisting Proceedings against Spirit AirlinesThe New York Stock Exchange (‘NYSE’, the ‘Exchange’) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the ‘Company’) from the NYSE. Trading in the Company’s common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s November 18, 2024 press release and Form 8-K disclosures that the Company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York. In reaching its delisting determination, NYSE Regulation notes the Company disclosed that all of the Company’s existing common stock and other equity interests will be cancelled without any distributions to the holders of such common stock and other equity interests on account thereof. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
공시 • Nov 19Spirit Airlines, Inc. Filed for BankruptcySpirit Airlines, Inc., filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 18, 2024. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Darren S. Klein and Marshall Scott Huebner of Davis Polk & Wardwell LLP as its legal counsel. The debtor also hired Alvarez & Marsal North America, LLC as financial and compensation advisor, Perella Weinberg Partners as investment banker, Debevoise & Plimpton LLP as fleet counsel, Walkers Cayman Islands as Cayman counsel, Morris, Nichols, Arsht & Tunnell LLP as conflicts counsel, O’Melveny & Myers LLP as labor counsel, and Kathryn Tran of Epiq Corporate Restructuring, LLC, as claims, noticing, solicitation, and administrative agent.
공시 • Nov 14Spirit Airlines, Inc. announced delayed 10-Q filingOn 11/13/2024, Spirit Airlines, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.
Board Change • Oct 24Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Director Richard Wallman was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Oct 24Frontier Airlines, Spirit Airlines Reportedly Revive Merger TalksFrontier Airlines, Inc. is exploring a renewed bid for Spirit Airlines, Inc. (NYSE:SAVE), people familiar with the matter said, as Spirit continues discussions with bondholders over the terms of a potential bankruptcy filing. The two budget airlines have had recent discussions about a possible merger, though the people said the talks are at an early stage and that a deal may not come to fruition.
공시 • Oct 15Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort LauderdaleSpirit Airlines announced that it is celebrating its new Alabama service on October 15, 2024, following the October 10, 2024 launch of its daily, nonstop service from Birmingham-Shuttlesworth International Airport (BHM) to Fort Lauderdale-Hollywood International Airport (FLL). Spirit's introduction of the only nonstop flight from Birmingham to Fort Lauderdale provides affordable options for travelers who want to visit the Sunshine State or take advantage of one-stop connections to more than two dozen destinations across the United States, Latin America and the Caribbean. The airline is commemorating the launch of its Birmingham service with limited-time fares starting as low as $49 one-way to and from BHM. Additionally, members of the Free Spirit loyalty program can earn 1,500 bonus points on roundtrip flights and 750 bonus points on one-way flights to and from Birmingham (BHM). Travel must be booked by October 20, 2024, and flown by November 30, 2024. Birmingham Guests can benefit from a more seamless travel experience with Spirit's new boarding process featuring five groups that aim to reduce boarding time and enhance operational performance. Travelers can also enjoy the airline's four new travel options, which all include the flexibility of no change or cancel fees. Go Big to get enhanced comfort with a Big Front Seat®, one checked and one carry-on bag, priority check-in and boarding, snacks and drinks, including alcoholic beverages, and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with a guaranteed blocked middle seat, one checked and one carry-on bag, priority boarding, a snack and non-alcoholic beverage during each service. Go Savvy to get a standard seat selection and a choice of one checked or one carry-on bag. Go to keep it simple with the greatest affordability. Standard seat selection, a checked bag and other options can be purchased separately. For a limited-time, Free Spirit members that choose to Go Big or Go Comfy will earn double points when they book and complete travel.
공시 • Jul 30Spirit Airlines, Inc. to Report Q2, 2024 Results on Aug 01, 2024Spirit Airlines, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024
공시 • Jul 16Spirit Airlines, Inc Appoints Richard F. Wallman as Member of Board of DirectorSpirit Airlines, Inc. announced that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. Mr. Wallman served as the Chief Financial Officer and Senior Vice President of Honeywell International Inc., a diversified industrial technology and manufacturing company, and its predecessor AlliedSignal, from March 1995 to July 2003. Prior to that, Mr. Wallman served in senior financial positions with IBM and Chrysler Corporation. He is currently a director of CECO Environmental Corp., Charles River Laboratories International, Inc., and Roper Technologies, Inc. Mr. Wallman received his Bachelor of Science from Vanderbilt University and his MBA from the University of Chicago Booth Graduate School of Business.
공시 • Jul 02+ 1 more updateSpirit Airlines Announces Executive ChangesSpirit Airlines announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President, 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. Cromer brings three decades of experience in the aviation industry, with expertise in financial management, strategic planning, treasury and operations. Cromer has held numerous executive positions over his career, most recently serving as Chief Executive Officer, and previously Chief Financial Officer, of Xwing, Inc. Prior to joining Xwing, Cromer served as President of Bombardier Commercial Aircraft from 2015 to 2020, President of International Lease Finance Corporation from 2008 to 2015, and Chief Financial Officer and Vice President at ExpressJet Airlines from 1998 to 2008. Cromer holds an A.B. degree in Economics from the University of Michigan and an MBA in Finance from DePaul University. Spirit also announced additional significant leadership updates: Dana Shapir Alviene has been appointed Senior Vice President of Inflight and Airport Experience, effective July 29, 2024. Shapir Alviene joins Spirit from Avianca where she served as Senior Vice President of Customer Experience. Prior to Avianca, she held multiple leadership roles at JetBlue Airways between 2014 and 2023, including Vice President, Airports Experience. She began her aviation career at Southwest Airlines where she served in key operational, customer service and leadership roles. Shapir Alviene's extensive operational and customer expertise will elevate Spirit's Guest experience and strengthen collaboration between its Airports and Inflight teams.
공시 • Jun 18Spirit Airlines, Inc. Announces Bringing Affordable Air Service to BHM Beginning October 10, 2024Spirit Airlines announced it is bringing affordable air service to BHM beginning October 10, 2024, with the only nonstop flight from BHM to Fort Lauderdale (FLL). Spirit's launch at Birmingham will mark the first time the airline serves the state of Alabama and will provide low-fare flight options to the Sunshine State and one-stop connections to Latin America and the Caribbean. To celebrate the new route, Spirit is offering limited-time introductory fares starting at $69 for travel October 10 through November 19, 2024. All fares are one-way, subject to 14-day advance purchase and availability. Spirit's Elevated Guest Experience: Spirit continues its commitment to invest in the Guest, which entails a number of initiatives aimed at delivering the best value in the sky: NEW: No change or cancel fees for all Guests; NEW: Increased checked bag weight allowance to 50 pounds; NEW: Extended Future Travel Vouchers expiration to 12 months (for vouchers issued on or after June 3, 2024); Spirit's Fit Fleet® is one of the youngest and most fuel-efficient fleets in the industry; Cabin enhancements with wider seats, added cushion, new headrests and upgrades to its unique Big Front Seat®; Fast onboard Wi-Fi that allows Guests to watch content from streaming services.
Board Change • Jun 12Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Jun 05Spirit Airlines Announces CFO Changes, Effective June 14, 2024Spirit Airlines 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 search for a CFO with the assistance of a leading executive search firm. Brian McMenamy brings nearly 40 years of experience in corporate finance. Prior to joining Spirit in 2017, McMenamy held various roles in finance at American Airlines over the course of his 33-year tenure, including Vice President, Finance; Vice President, Financial Planning and Analysis; and Vice President and Controller. He holds a Bachelor of Science in Financial Economics from Rockhurst College in Kansas City, Missouri, and an MBA from Northwestern University's J.L. Kellogg Graduate School of Management. He is also a Certified Public Accountant.
Reported Earnings • May 07First quarter 2024 earnings released: US$1.30 loss per share (vs US$0.95 loss in 1Q 2023)First quarter 2024 results: US$1.30 loss per share (further deteriorated from US$0.95 loss in 1Q 2023). Revenue: US$1.27b (down 6.2% from 1Q 2023). Net loss: US$142.6m (loss widened 37% from 1Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Global Airlines industry.
공시 • Apr 28Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect the following two Class I directors to hold office until the 2027 annual meeting of stockholders or until their resignation or removal, or until their respective successors are elected: Robert D. Johnson and Barclay G. Jones III; to ratify the selection, by the Audit Committee of the Board of Directors, of Ernst & Young LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2024; to approve, on a non-binding, advisory basis, the compensation of company's named executive officers as disclosed in the attached Proxy Statement pursuant to executive compensation disclosure rules under the Securities Exchange Act of 1934, as amended; to hold a non-binding, advisory vote on whether the advisory vote to approve the compensation of company's named executive officers should be held every one, two or three years; and to consider other matters.
Board Change • Apr 23Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Mar 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 11Full year 2023 earnings released: US$4.10 loss per share (vs US$5.10 loss in FY 2022)Full year 2023 results: US$4.10 loss per share (improved from US$5.10 loss in FY 2022). Revenue: US$5.36b (up 5.8% from FY 2022). Net loss: US$447.5m (loss narrowed 19% from FY 2022). Available seat kilometres (ASK): 89.58b (up 15% from FY 2022). Passenger load factor: 81.3% (down from 81.9% in FY 2022). Total aircraft: 205 (up by 11 from FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Global Airlines industry.
공시 • Feb 10Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024Spirit Airlines, Inc. provided earnings guidance for the first quarter of 2024. The company estimates the first quarter 2024 total revenue will range between $1.25 billion and $1.28 billion. For the first quarter, the company estimates capacity will be up approximately 1.5% year-over-year, which is about 5.5 percentage points lower than projected back in October.
Board Change • Jan 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 12Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Nov 16Spirit Airlines Carry-On Fee Class Action Settlement: Claim Submission Now OpenKlafter Lesser LLP and the Hermina Law Group are pleased to announce that the settlement website, www.SpiritCarryOnBagFeeSettlement.com, is now accepting claims to share in a proposed $8.25 million settlement that has been reached in a class action against Spirit Airlines, Inc. concerning the carry-on fees it charged United States passengers who booked their first Spirit flight through certain on-line travel agents during the period August 31, 2011, and May 3, 2017. The settlement was reached in Cox, et al., v. Spirit Airlines, Inc., Civil Action No. 17-CV-5172 (EK)(VMS), which is pending in federal court in Brooklyn, New York and is subject to approval by that Court. A Notice describing the settlement in detail, your rights, and the Claim Form to be submitted no later than January 10, 2024 in order to be eligible to share in the settlement can be found at www.SpiritCarryOnBagFeeSettlement.com. Jeffrey Klafter, one of the principal lawyers prosecuting this case states: "We urge every eligible Class member to submit a claim form so they can receive as much as 75% of the carry-on fee they paid. The Claim Form is simple and will take no more than five minutes to complete." "Class members should do this as soon as possible," said John Hermina, co-counsel in the case. The Court has scheduled a hearing on December 11, 2023, to consider final settlement approval.
공시 • Oct 28+ 1 more updateSpirit Airlines Announces New, Nonstop Service to Felipe Carillo Puerto International Airport in Tulum, MexicoSpirit Airlines announced new, nonstop service to Felipe Carillo Puerto International Airport (TQO) in Tulum, Mexico, making it the first U.S.-based ULCC to announce service at the brand-new airport. Daily flights from Fort Lauderdale (FLL) and Orlando (MCO) will launch on March 28, 2024, in conjunction with the start of TQO's international service. In celebration of the new Tulum service, Spirit is offering introductory one-way fares from FLL and MCO to TQO starting at $149, inclusive of taxes and fees. Guests can redeem the introductory fare for travel from April 10 - May 21, 2024. The addition of nonstop flights to Tulum grows the carrier's international service at FLL to 26 destinations and MCO to 11 destinations. Florida serves as a gateway to the carrier's flights to Latin America and the Caribbean, and the new TQO service adds a one-stop option to Guests traveling from 53 cities across the U.S.
공시 • Oct 13Spirit Airlines, Inc. to Report Q3, 2023 Results on Oct 26, 2023Spirit Airlines, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023
공시 • Sep 12Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE).Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE) on September 11, 2023. Under the agreement, Spirit Airlines will transfer Spirit's assets in Boston and Newark, including gates and landing authorizations, to Allegiant. It will also yield up to five gates at Fort Lauderdale to facilitate Allegiant's growth. The divestiture is contingent on the JetBlue-Spirit transaction's closure. The transaction is subject to approval from local airport authorities and the FAA/DOT.
공시 • Aug 04Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023Spirit Airlines, Inc. provided earnings guidance for third quarter 2023. For the quarter, the company expects total revenue for the third quarter 2023 will range between $1.3 billion and $1.32 billion down 3.2% to down 1.7%, with capacity increasing 13.7% year-over-year. This equates to unit revenue being down 13.6% to 14.9% year-over-year in the third quarter.
공시 • Jul 25Spirit Airlines, Inc. to Report Q2, 2023 Results on Aug 03, 2023Spirit Airlines, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023
공시 • Jun 02Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE).Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE) on June 1, 2023.