Spirit Airlines CFO Scott Haralson To Depart; Names Brian McMenamy Interim CFO

RTTNews | 168 days ago
Stocktwits
Spirit Airlines CFO Scott Haralson To Depart; Names Brian McMenamy Interim CFO

(RTTNews) - Spirit Airlines (SAVE) announced Monday 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.

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.

Spirit has begun to execute on initiatives related to its go forward plan, with more changes coming soon. In addition, the Company continues to expect cost saving initiatives to benefit 2024 by over $75 million with annualized run-rate savings estimated at over $100 million.

Tags: SAVE
Stocktwits
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Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...
RTTNews | 9h 2min ago
Spirit Airlines Q4 Loss Narrows; Tops Estimates

Spirit Airlines Q4 Loss Narrows; Tops Estimates

Spirit Airlines, Inc. (SAVE) reported Wednesday a net loss for the fourth quarter of $183.65 million or $1.68 per share, narrower than $270.66 million or $2.49 per share in the prior-year quarter.
RTTNews | 284 days ago
US Justice Department Sues To Block Proposed JetBlue- Spirit Merger

US Justice Department Sues To Block Proposed JetBlue- Spirit Merger

The US Justice Department or DOJ has filed a civil antitrust lawsuit to block JetBlue Airways Corp.'s proposed $3.8 billion acquisition of its largest and fastest-growing ultra-low-cost rival, Spirit Airlines, Inc., saying the deal is presumptively anticompetitive. The lawsuit, filed in the District of Massachusetts, alleges that the acquisition would allow JetBlue to eliminate...
RTTNews | 621 days ago
U.S. Homebuilder Confidence Improves Much More Than Expected In November

U.S. Homebuilder Confidence Improves Much More Than Expected In November

Homebuilder confidence in the U.S. has improved by much more than anticipated in the month of November, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 46 in November after rising to 43 in October. Economists had expected the index to inch up to 44.
RTTNews | 8h 3min ago
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares may open higher on Monday as energy and materials sectors are likely to attract buyers thanks to firm crude oil and metal prices. With Canadian inflation data due this week, and the Federal Reserve's upcoming policy moves remaining a bit uncertain, the mood is likely to remain somewhat cautious.
RTTNews | 10h 8min ago
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