EXHIBIT 99.1 Spirit Airlines Reports Second Quarter 2024 Results Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., August 1, 2024 - Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported second quarter 2024 financial results. | --- | --- | --- | |-----------------------------------|------------------|--------------------------| | | As Reported | (unaudited) \n1 Adjusted | | Total operating revenues | $1,280.9 million | $1,280.9 million | | Operating inco ...

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 mill ...

Spirit Airlines (NYSE:SAVE) is changing up its pricing options to offer more perks to customers who choose to pay more for their seats. Spirit Airlines Perks SAVE stock is down slightly as of Wednesday morning. More Wednesday Stock Market News Let's break these four options down below! Spirit Airlines will start introducing these new seating options next month. The Go and Go Savvy options will start on Aug. 16 with the Go Comfy and Go Big options starting on Aug. 27. We have all of the hottest stock market ...

The airline has been losing money despite booming travel demand, raising questions about its ability to manage debt that is due to mature in 2025 and 2026. The airline has been losing money despite booming travel demand, raising questions about its ability to manage debt that is due to mature in 2025 and 2026. Getty Images A greater willingness on the part of air travelers to pay up for more comfort and a better experience has prompted US carriers to find ways to attract them. Spirit Airlines said there wil ...

Core Insights - Spirit Airlines is launching new premium offerings to enhance the low-fare travel experience starting August 2024 [1][2] - The new options aim to provide travelers with elevated experiences at affordable prices, responding to customer feedback [2] New Travel Options - Spirit will introduce four new travel options: Go Big, Go Comfy, Go Savvy, and Go, all available for booking starting August 16, 2024, and launching the new experience by August 27, 2024 [2][4][5] - Go Big includes a Big Front Seat®, snacks and drinks (including alcohol), one carry-on bag, one checked bag, priority check-in and boarding, and streaming access through the fastest Wi-Fi of any U.S.-based airline [3] - Go Comfy offers increased comfort with a guaranteed blocked middle seat, one carry-on bag, one checked bag, priority boarding, and a snack and non-alcoholic beverage [4] - Go Savvy provides the choice of either one carry-on bag or one checked bag and standard seat selection during booking [4] - Go is the most affordable option, allowing travelers to purchase additional services like checked bags and snacks [5] Enhanced Services - A designated priority check-in experience will be available for Go Big passengers and Free Spirit® Gold members at over 20 airports starting August 27, 2024 [6] - The new boarding process will feature five groups to reduce boarding time and enhance operational performance, with priority boarding for specific passenger categories [7] Guest-Friendly Policies - Spirit Airlines has introduced new guest benefits, including no change or cancellation fees, increased checked bag weight allowance up to 50 pounds, and extended Future Travel Vouchers expiration to 12 months for vouchers issued on or after June 3, 2024 [8]

Spirit Airlines (SAVE 2.78%) has experienced nothing but turbulence lately. The company is dealing with the fallout of a failed merger attempt with JetBlue and has struggled to get on better financial footing. Perhaps a successful turnaround is on the horizon. Should investors buy this struggling airline stock? After the proposed merger with JetBlue was blocked by a federal judge earlier this year, it seemed like shareholders were disappointed. The objective of the deal was to create a more powerful domesti ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Spirit (SAVE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move ...

Fri JUL 19 2024 12:38 PM ET 18.00 14.00 10.00 6.00 2.77 Jul In no huge surprise, Spiritt Airlines, Inc. (NYSE:SAVE) is set to report a weak Q2 as domestic yieds dipped due to overcapacity. The airtline sector is quickly adjusting capacity to match what's actually record passenger travel in a sign of how the sector has evolved over time. My investment thesis remains Ultra Bullish on the stock with a fare turnaround set to occur in the next 30 days. Source: Finviz Spirit Airlines released weak preliminary num ...

Spirit is flying into a lot of headwinds right now. The entire airline industry is adjusting to softening demand trends. The airline has a lot of options, including renegotiations with creditors or returning planes to lessors to free up capital. But none are long-term answers, and all create future problems. At best, Spirit will find it hard to generate growth. At worst, as Fitzgerald notes, Spirit could be flying toward bankruptcy. Spirit Airlines (SAVE -10.76%) trimmed its outlook for the second quarter, ...

Key Takeaways Spirit Airlines warned that its second-quarter loss would be more than expected, and revenue would fall short of its previous outlook. The company blamed the worse numbers on less-than-anticipated non-ticket revenue. The news sent Spirit Airlines shares to an all-time low. Shares of Spirit Airlines (SAVE) fell to an all-time low Wednesday, a day after the discount carrier warned that its second-quarter loss and revenue would be worse than it had previously expected because non-ticket income ca ...