Seattle, Washington, September 13, 2023, PRNewswire – Boeing [NYSE: BA] and SMBC Aviation Capital announced today the airplane lessor is ordering 25 737-8s. The new order increases SMBC’s backlog to 81 737 MAX jets focused on the market-leading 737-8.
With travel demand surging around the globe, lessors are looking to increase their single-aisle portfolios to provide airlines with more fuel-efficient jets capable of operating across various route networks.
The 737-8 provides flexibility across airline’s networks while reducing fuel use and emissions by up to 20% and on average. Each airplane will save up to 8 million pounds of CO2 emissions annually compared to those airplanes it replaces. Boeing has secured more than 400 737 MAX family orders in 2023.
The 737-8 seats 162 to 210 passengers depending on configuration with a range of 3,500 nautical miles and operates profitably on short- and medium-haul routes.
New York, NY, August 15, 2023 – (BUSINESS WIRE) – 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 (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (NYSE: SAVE), JetBlue has set August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the August 2023 Additional Prepayment to occur on August 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the August 25, 2023, record date will be entitled to receive the August 2023 Additional Prepayment.
Australia’s biggest cabin crew union has accused Qantas (OTC: QUBSF) of a “breathtaking” lack of transparency over the deal that will see Finnair (OTC: FNNNF) crew operate the Flying Kangaroo’s flights.
The Flight Attendants Association of Australia has said the airline suggested the agreement would save the jobs of Finnair staff but was later informed the employees would be sourced from “labour-hire” firms.
MIRAMAR, Fla., April 27, 2021 /PRNewswire/ — Spirit Airlines, Inc. (NYSE: SAVE) (“Spirit”) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.
Spirit is also separately conducting a registered direct offering of shares of its common stock (the “Common Stock Offering”) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).
Spirit expects to use a portion of the net proceeds from the Convertible Notes Offering to repurchase a portion of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) for cash pursuant to privately negotiated agreements with a limited number of current holders of such 2025 Convertible Notes, which agreements are conditioned upon the consummation of the Convertible Notes Offering. Spirit expects to use any remaining net proceeds from the Convertible Notes Offering for general corporate purposes. Spirit expects to use the net proceeds from the Common Stock Offering to redeem up to 40% of the original outstanding principal amount, or up to $340 million, of its 8.00% Senior Secured Notes due 2025 at a redemption price equal to 108.0%, plus accrued and unpaid interest on the principal amount being redeemed up to, but excluding, the redemption date.
The closing of neither the Common Stock Offering nor the Convertible Notes Offering is conditioned upon the closing of the other offering.
Click the link below to view the full press release!
MILWAUKEE, Wis., Feb. 24, 2021 /PRNewswire/ — Spirit Airlines (NYSE: SAVE) today announced that Milwaukee is getting More Go on June 24, when the airline’s yellow and black planes start taking off from Milwaukee Mitchell International Airport (MKE). Spirit will start up daily nonstop flights to Orlando (MCO), Las Vegas (LAS) and MKE’s only nonstop flight to Los Angeles (LAX), bringing Spirit Signature Service, brand new Airbus planes and industry-leading low fares to the market.
Spirit Airlines Service to/from MKE:
Destination:
Flights Available:
Launch Date:
Las Vegas (LAS)
Daily
June 24, 2021
Los Angeles (LAX)
Daily
June 24, 2021
Orlando (MCO)
Daily
June 24, 2021
Spirit will be the only airline serving Los Angeles nonstop from Milwaukee, removing intermediate stops on the way and making quick trips between the two cities easier than ever. The airline continues to seize that kind of growth opportunity as demand for air travel increases. Earlier this month, the carrier announced an accelerated delivery schedule for new Airbus aircraft joining Spirit’s Fit Fleet™, which is among the youngest in the industry.
Las Vegas and Orlando are two of Spirit’s biggest cities, which means nonstop flights from MKE come with easy connections to nine additional destinations. Orlando also serves as one of Spirit’s biggest international gateways to the Caribbean and Latin America, providing access to numerous countries.
This year is off to a great start at Spirit Airlines. In addition to the opportunity to serve the Milwaukee-area market, in January, the carrier launched its new Free Spirit® loyalty program, which is the fastest way to earn rewards and status.* Spirit is also one of only three U.S. airlines listed on FORTUNE’s 2021 list of World’s Most Admired® Companies, which measures companies with the strongest reputation within their industries. Spirit also earned “Platinum” status as the highest-rated low-fare carrier in the world by the Airline Passenger Experience Association (APEX) Health Safety initiative powered by SimpliFlying.
Spirit (NYSE: SAVE) came out with a quarterly loss of $1.61 per share versus the Zacks Consensus Estimate of a loss of $1.44. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -11.81%. A quarter ago, it was expected that this airline would post a loss of $2.63 per share when it actually produced a loss of $2.32, delivering a surprise of 11.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse
(Reuters) – U.S. budget carrier Spirit Airlines Inc <SAVE> said on Monday it will buy 100 Airbus <EADSY> A320neo-family jets to be delivered through 2027, with options to purchase up to 50 additional aircraft.
The deal includes a mix of Airbus A319, A320, and A321 models, the company said.
The purchase agreement finalizes an October provisional deal for the aircraft, when Spirit picked European planes despite Washington imposing tariffs on them.
Depending on the number of each variant of the A320 single-aisle family chosen, the deal could be worth $11 billion to $12 billion at the most recent 2018 Airbus list prices, but industry sources say such deals typically involve discounts of at least 50%.
Washington has imposed 10% tariffs on some of the planes Airbus offers to U.S. carriers, as part of a long-running transatlantic trade dispute over aircraft subsidies.
Spirit currently operates an all-Airbus fleet of 140 jets.
Aircraft are typically ordered several years in advance, meaning any planes ordered now would only be covered by tariffs in the event of an extended transatlantic tariff war. Airbus jets assembled at a plant in Alabama are not currently included.
(Reporting by Rachit Vats in Bengaluru and Allison Lampert in Montreal; Editing by Shounak Dasgupta and Lisa Shumaker)
SEPANG, 13 November 2019 – AirAsia has unveiled a special ‘Save our Malayan Tiger’ aircraft livery in support of the government’s campaign to save the fast-disappearing Malayan tiger.
The ‘Save Our Malayan Tiger’ livery forms part of AirAsia’s ongoing sustainability efforts to support conservation and environmental programs, and would encourage millions of people to pledge their support for the cause.
The Airbus A320 aircraft livery was unveiled by the Minister of Water, Land and Natural Resources Yang Berhormat Dato’ Dr Xavier Jayakumar alongside AirAsia Group CEO Tony Fernandes, AirAsia Group President (Airlines) Bo Lingam and AirAsia Malaysia CEO Riad Asmat here in Sepang today.
AirAsia Group Head of Global Affairs & Sustainability, Shasha Ridzam said, “Malayan tigers are a majestic symbol of strength and part of our national identity. We would never want our children to grow up in a world where the Malayan tiger exists only as an image on the coat of arms. That is why we must play our part in protecting them. I hope this new livery helps to bring the government’s wildlife conservation campaign to life.”
AirAsia Group CEO Tony Fernandes also added, saying, “Congratulations to the Ministry of Water, Land and Natural Resources for taking proactive measures in protecting our Malayan tigers, and we’re proud to be able to do our part in helping this campaign.”
Minister of Water, Land and Natural Resources YB Dato’ Dr Xavier Jayakumar said, “We are proud to take the Save Our Malayan Tiger and Hutan Kita campaigns to new heights with AirAsia. The alarming decline of our national symbol is clear evidence that we need to do more when it comes to conserving our tigers. Our Hutan Kita campaign is an important cause as well, as without our forests, there will be no tigers and wildlife. We hope with AirAsia’s support, we will further raise the awareness on these important messages not just in Malaysia but in the region as well and be the vehicle of change for our tigers.”
AirAsia has also extended its support to the Ministry of Water, Land and Natural Resources’ environmental campaigns by sponsoring return flights for 10 orang asli to attend the Hutan Kita Exhibition Launch in August 2019, in addition to supporting a visit to the National Wildlife Rescue Center (NWRC) in Sungkai, Perak for its Allstars in October 2019.
AirAsia’s sustainability efforts include guest education, carbon reduction and waste management, the collection and separation of recyclable items on board and community-based tourism programmes such as JourneyD. AirAsia also fosters social enterprise initiatives across Asean through its philanthropy arm, AirAsia Foundation.
FILE PHOTO: A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse
(Reuters) – Spirit Airlines <SAVE> on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.
The company now expects third quarter unit revenue to fall between 2.5% and 3.5% compared to its prior estimate of a decline of 1% to 2%.
The hurricane has led airline operators including American Airlines <AAL.O> and Delta Air Lines <DAL.N> to cancel thousands of flights across the United States this week.
Dorian, which briefly made a landfall on the Outer Banks of North Carolina on Friday, is expected to bring tropical storm winds to Nantucket Island and Martha’s Vineyard, Massachusetts early on Saturday
LAS VEGAS (Reuters) – Spirit Airlines <SAVE>, a fast-growing, low-cost U.S. carrier that flies an all-Airbus SE <EADSY> fleet, is looking at both the Airbus A321neo and a larger Boeing Co <BA> aircraft to fuel its growth, Chief Executive and President Ted Christie said on Monday.
“The A321neo is certainly something we’re looking at, but we’re also in conversations with Boeing about their larger airplane too, so it’s all on the table,” Christie said at an aviation conference.
(Reporting by Tracy Rucinski; Editing by Steve Orlofsky)
MIRAMAR, Fla., Aug. 26, 2019 (GLOBE NEWSWIRE) — Spirit Airlines, the fastest growing airline in the United States, continues its commitment to invest in the Guest experience with an industry-leading technology to connect with its Guests via the messaging application WhatsApp. Beginning in September, the technology, powered by global conversational commerce solutions provider LivePerson, will open a new direct line of communication between Spirit’s English and Spanish-speaking Guest Relations and Reservations teams and the millions of Spirit Guests in the United States, the Caribbean, and Latin America, who already use WhatsApp every day.
“We launched this service to better connect with our Guests, both domestically and abroad, as many have told us that they would rather communicate on a familiar and convenient service like WhatsApp,” said Bobby Schroeter, Vice President of Sales & Marketing at Spirit Airlines. “We know WhatsApp is incredibly popular in the United States, but also in the more than two dozen destinations we serve in the Caribbean and Latin America. From travel updates to adding a bag to your reservation, this new messaging service allows Guests to communicate with us in English and Spanish and to opt in to WhatsApp messaging. It is all part of our goal to elevate and improve our Guest experience.”
The launch of WhatsApp support comes as a direct result of Spirit’s new partnership with LivePerson, a global leader in conversational commerce solutions. Beyond WhatsApp, the partnership also makes it possible for Spirit Guests who call to get immediate support by opting to begin a messaging conversation with Spirit representatives instead.
These new Guest solutions will also leverage LivePerson’s new AI-powered Maven Assist capability, which recommends the optimal next actions for human agents to take, including surfacing content or suggesting virtual assistants capable of responding to a Guest’s intent. Guests will still retain the ability to message with a live representative at any time during the process to address questions, comments and situations that are best suited for a live specialist.
“We’re excited to enable this new connection for America’s fastest growing airline, providing a powerful, engaging way for Guests to connect with Spirit on their own time,” said Rick Winnard, Global Head of Gainshare Programs at LivePerson. “Guests want to be able to ask questions, add products, and get immediate help without waiting, and with Spirit we’re making it possible for them to do so in the messaging channels they prefer.”
In addition to new WhatsApp and messaging support, Spirit will continue to serve its Guests via its social media channels, on Twitter and Facebook. Over the past two years, Spirit has heavily invested in the Guest experience touching all aspects of the journey, including on-time performance, Guest care technology, and in-flight products.
