Spirit Airlines, Inc. (SAVE)
| Market Cap | 416.10M |
| Revenue (ttm) | 5.28B |
| Net Income (ttm) | -486.19M |
| Shares Out | 109.50M |
| EPS (ttm) | -4.44 |
| PE Ratio | n/a |
| Forward PE | 35.46 |
| Dividend | $0.96 (25.25%) |
| Ex-Dividend Date | Feb 22, 2024 |
| Volume | 4,121,375 |
| Open | 3.860 |
| Previous Close | 3.850 |
| Day's Range | 3.780 - 3.940 |
| 52-Week Range | 3.180 - 19.690 |
| Beta | 1.40 |
| Analysts | Sell |
| Price Target | 3.33 (-12.37%) |
| Earnings Date | May 6, 2024 |
About SAVE
Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was incorporated in 1964 and is headquartered in Miramar, Florida. [Read more]
Financial Performance
In 2023, SAVE's revenue was $5.36 billion, an increase of 5.80% compared to the previous year's $5.07 billion. Losses were -$447.46 million, -19.25% less than in 2022.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for SAVE stock is "Sell." The 12-month stock price forecast is $3.33, which is a decrease of -12.37% from the latest price.
News
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVE
NEW YORK , May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE). Such investors are advised to co...
An Investigation Has Commenced on Behalf of Spirit Airlines, Inc. Shareholders. Contact Levi & Korsinsky to Discuss your SAVE Losses
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Spirit Airlines, Inc. ("Spirit Airlines, Inc.") (NYSE:SAVE) concerning possible ...
SAVE STOCK ALERT: Levi & Korsinsky Notifies Spirit Airlines, Inc. Investors of an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Spirit Airlines, Inc. ("Spirit Airlines, Inc.") (NYSE:SAVE) concerning possible ...
Spirit Airlines CEO says industry is like a 'rigged game,' US consumers are 'long-term losers'
Spirit Airlines CEO Ted Christie told analysts on an earnings call Monday that the airline industry is a "rigged game" that only benefits the Big Four carriers.
Spirit Airlines Stock Falls After Earnings. Why It Can't Get Off the Ground.
The airline is trying to forge its future as a standalone company after its proposed merger with JetBlue Airways was blocked by a federal judge.
Spirit Airlines forecasts weak Q2 revenue on slow growth in domestic demand
Spirit Airlines forecast weak second-quarter revenue on Monday due to sluggish improvement in domestic demand and grounding of dozens of its aircraft.
Spirit Airlines' stock slides 6% after wider-than-expected first-quarter loss
Spirit Airlines Inc.'s stock SAVE, +0.82% fell 6% early Monday, after the discount carrier posted a wider-than-expected first-quarter loss as it refocuses on its future as a standalone company followi...
Spirit Airlines Reports First Quarter 2024 Results
Strategic and tactical changes benefiting unit revenue Expect cost saving initiatives to benefit 2024 by over $75 million; annualized run-rate savings estimated at over $100 million DANIA BEACH, Fla....
Spirit Airlines Recognized for Safety and Affordability by WalletHub
DANIA BEACH, Fla., April 30, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) commitment to providing the best value in the sky was recognized in WalletHub's 'Best Airlines' (2024) report, earning t...
Spirit Airlines Optimizes Baggage Operations and Reduces Costs with TA Ramp
MIAMI--(BUSINESS WIRE)--TA Connections advanced camera scanning technology has transformed the baggage ramp for Spirit Airlines Service Agents.
Spirit Airlines to furlough over 200 pilots
Spirit Airlines has announced plans to furlough 260 pilots in an effort to save money.
Spirit Airlines Defers Airbus A320s—Why That Is Bad News For Boeing
Spirit Airlines SAVE and Airbus have reached an agreement which allows the low-cost airline to defer deliveries of A320 aircraft scheduled for the second quarter of 2025 through 2026 by five years, fr...
Spirit Airlines Delays Jet Deliveries, Furloughs Pilots to Bolster Finances
Spirit Airlines (SAVE) announced it was delaying delivery of jets and furloughing pilots in cost-cutting moves, sending shares of the troubled carrier higher on Monday.
Spirit Air Defers Plane Deliveries in Bid to Preserve Cash
George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, and Airlines Analyst, discusses the latest at Spirit Airlines plane deferments and where the turbulence in the airline industry. He s...
Spirit Airlines defers Airbus deliveries, furloughing 260 pilots
Spirit Airlines announced that its deferring Airbus deliveries and furloughing hundreds of pilots as it tries to shore up more liquidity and return to profitability.
Spirit to defer Airbus plane deliveries, furlough 260 pilots this year
Spirit Airlines is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026, the discount carrier said Monday.
Cash-strapped Spirit Airlines to defer Airbus deliveries, furlough 260 pilots
As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1.
Spirit Airlines Delays Airbus Deliveries to Boost Liquidity. It Could Help Boeing-Exposed Carriers.
The ultra-low-cost carrier said Monday it has agreed to defer all aircraft orders scheduled for delivery in the second quarter of 2025 through the end of 2026 until 2030-2031.
Spirit Airlines to Defer Plane Deliveries and Furlough Pilots
Spirit Airlines is pushing back delivery of Airbus aircraft, prompting pilot furloughs later this year, as the airline looks to boost liquidity following its terminated merger with JetBlue last month.
Spirit Airlines to delay Airbus deliveries, furlough pilots
Spirit Airlines Inc (NYSE: SAVE) says it will defer deliveries of Airbus planes. Shares of the air carrier are slightly in red at writing.
Spirit Airlines to delay Airbus aircraft deliveries to save cash
Spirit Airlines said on Monday it has reached an agreement with Airbus to defer all aircraft orders scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031, as the...
Spirit Airlines to defer deliveries from Airbus, furlough pilots to boost liquidity
Shares of Spirit Airlines Inc. SAVE, -3.28% fell 0.7% in premarket trading Monday, after the air carrier announced an agreement with Airbus SE EADSY, +1.29% AIR, +1.06% in which Spirit will defer deli...
Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity
Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity.
Spirit Airlines Announces Deferral of Airbus Aircraft Deliveries
MIRAMAR, Fla. , April 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it reached an agreement with Airbus to defer all aircraft on order tha...
Spirit Airlines gets credit from IAE that will boost liquidity
Spirit Airlines' said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues.