Frankie Muniz travels comfy with Spirit's blocked middle seat Spirit giving away 10 pairs of Go Comfy tickets in #NotInTheMiddle social media giveaway DANIA BEACH, Fla., Oct. 17, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) newest ad takes flight with actor Frankie Muniz, best known for his iconic role as the middle child in a beloved sitcom that aired in the early 2000s. Muniz is decidedly #NotInTheMiddle in Spirit's playful new ad in which he enjoys the extra elbow room of Spirit's Go Comfy travel o ...

Spirit Airlines is in talks with bondholders over the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways, the Wall Street Journal reported on Thursday, sending its shares down 30% in extended trading. The airline has also been exploring restructuring its balance sheet through an out-of-court transaction, though recent talks have been more focused on reaching a deal with bondholders and other creditors to support a Chapter 11 filing, the WSJ reported, citing people f ...

Images of the special-edition PiNK Uniform Collection are available for download here DANIA BEACH, Fla., Oct. 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is turning the skies pink this October with the debut of its special-edition uniform collection in support of Breast Cancer Awareness Month. Spirit Team Members will don the new PiNK Collection, with a capital "NK" in honor of Spirit's airline code, throughout the month as part of the carrier's commitment to advance breast cancer awareness and rai ...

The sentiment surrounding this business has never been lower. Spirit Airlines (SAVE -2.27%) has taken its investors on a turbulent journey. Shares of the troubled discount airliner have declined 93% in the past five years. During that same stretch, the S&P 500 would have more than doubled your money. As of this writing, this airline stock is down 97% from its peak, which was established in December 2014. Is it time to take a chance and buy Spirit shares? Spirit's troubles are hard to ignore For a stock to p ...

'Just Go' travel options offer exceptional value and are available for booking now at spirit.com Images of refreshed brand available here DANIA BEACH, Fla., Aug. 14, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) four new travel options are officially taking off today, giving travelers access to book the airline's transformed Guest experience and new premium offerings for the first time. The new options, dubbed "Just Go," deliver even friendlier, more comfortable, and cost-effective travel, all at great ...

Core Insights - Spirit Airlines reported a second-quarter loss of $192.9 million, significantly larger than the $2.3 million loss in the same period last year [2][4] - The airline announced plans to furlough approximately 240 pilots, effective September 1 [2][3] - Shares of Spirit Airlines fell over 8% following the announcement and continued to decline by an additional 3% [2] Financial Performance - The second-quarter loss of $192.9 million represents a substantial increase in losses compared to the previous year's $2.3 million loss [2] - The decline in share price reflects investor concerns over the airline's financial health and operational challenges [2] Strategic Moves - In response to financial pressures, Spirit Airlines plans to introduce more premium services, including larger seats, to enhance revenue [2][4] - The airline's struggles are set against a backdrop of rising costs in a domestic airline industry largely controlled by four major players: American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines [3] Industry Context - The cancellation of a $3.8 billion merger with JetBlue has left Spirit Airlines without the additional market strength it sought [4] - The competitive landscape is intensifying, with other airlines like Southwest also adjusting their strategies to increase revenue opportunities [3]

Spirit Airlines (NYSE:SAVE) layoffs are a hot topic on Friday as the budget airline is furloughing pilots over engine problems. Spirit Airlines is dealing with engine troubles for some of its flights and it isn't the only airline with these issues. This comes as other airlines are dealing with difficulties tied to Pratt & Whitney PW1100G engines. As a result, Spirit Airlines is grounding many of its planes to resolve these problems. That also has it furloughing 260 of its pilots starting on Sept. 1. On top ...

The airline is battling turbulence, with no signs of a respite up ahead. The airline sector is beginning to feel a squeeze, and no one is under more pressure than Spirit Airlines (SAVE -8.31%). Shares of the discount airline lost 17.8% in July, according to data provided by S&P Global Market Intelligence, after a mid-quarter update prompted discussions about a potential bankruptcy filing. A bad situation could get worse Spirit has been flying through a lot of headwinds. The company saw its planned acquisiti ...

For the quarter ended June 2024, Spirit (SAVE) reported revenue of $1.28 billion, down 10.6% over the same period last year. EPS came in at -$1.44, compared to $0.29 in the year-ago quarter. The reported revenue represents a surprise of -1.91% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being -$1.30, the EPS surprise was -10.77%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Spirit (SAVE) came out with a quarterly loss of $1.44 per share versus the Zacks Consensus Estimate of a loss of $1.30. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.77%. A quarter ago, it was expected that this airline would post a loss of $1.43 per share when it actually produced a loss of $1.46, delivering a surprise of -2.10%. Over the last four quarters, the company has surpassed ...