Spirit Airlines, Inc. (SAVEQ)
| Market Cap | 48.19M |
| Revenue (ttm) | 5.07B |
| Net Income (ttm) | -827.46M |
| Shares Out | 109.52M |
| EPS (ttm) | -7.56 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,649,691 |
| Average Volume | 4,365,703 |
| Open | 0.490 |
| Previous Close | 0.500 |
| Day's Range | 0.440 - 0.500 |
| 52-Week Range | 0.060 - 1.570 |
| Beta | 1.31 |
| RSI | 39.17 |
| Earnings Date | Feb 6, 2025 |
About Spirit Airlines
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. On November 18, 2024, Spirit Airlines, Inc. filed a... [Read more]
Financial Performance
In 2023, Spirit Airlines'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 StatementsNews
Spirit Airlines gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines' debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.
Frontier's stock slides 3% as Spirit rebuffs budget airline's takeover offer for a third time
Frontier reiterates view that combining makes more sense than Spirit going it alone
Spirit Airlines rejects another Frontier Airlines acquisition worth $2.16B
Spirit Airlines rejected Frontier Group's acquisition offer worth about $2.16 billion, marking the latest failed deal in the years since the companies began discussing a merger.
Spirit Airlines rejects Frontier Group's revised acquisition offer
Spirit Airlines on Tuesday rejected Frontier Group's revised acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders tha...
Spirit Airlines snubs Frontier's new merger offer, opts to exit bankruptcy solo
Spirit Airlines has rejected a merger offer with Frontier as it prepares to exit bankruptcy.
Spirit Airlines rejects Frontier's ‘insufficient' bid — and expects to exit bankruptcy this quarter
Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.
Bankrupt Spirit Airlines Rejects Latest Merger Bid From Frontier Airlines
Spirit Airlines said in regulatory filings Wednesday that it is rejecting the latest merger offer from Frontier Airlines, and will instead continue with its bankruptcy restructuring plan.
Spirit Airlines rejects Frontier's merger bid for 2nd time
Frontier Airlines struck out yet again in its second attempt to acquire rival carrier Spirit Airlines. Spirit filed for bankruptcy last year as it faced mounting losses.
Spirit Rejects Frontier's Bid. Trump Is Already Shaking Up the Airline Industry.
Frontier made its first offer to buy Spirit in 2022.
Frontier Revives Spirit Merger Talks Citing Stronger Future Together
Frontier Group Holdings ULCC has proposed a merger with Spirit Airlines SAVEQ through newly issued debt and stock, offering higher recoveries for Spirit's stakeholders than its standalone restructurin...
Frontier makes new offer to combine with bankrupt Spirit Airlines — and is rebuffed
After walking away from a deal twice last year, Frontier is now making an offer involving fresh debt and stock.
Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter
Spirit Airlines on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group , saying it was not favorable for the low-cost carrier.
Frontier Airlines proposes merging with fellow budget carrier Spirit — again
Frontier Airlines said Wednesday it has again proposed combining with Spirit Airlines, which is in bankruptcy.
Frontier Airlines Confirms Compelling Proposal to Combine With Spirit Airlines
Proposed Transaction Delivers Higher Recoveries for Spirit Financial Stakeholders, Including Shareholders, Than Spirit Standalone Plan of Reorganization Frontier Stands Ready to Continue Constructive ...
Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
Spirit Airlines is laying off approximately 200 employees as part of an effort to reduce expenses as the company looks to emerge from bankruptcy, the company said. The airline's top executive, CEO Ted...
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit's job cuts span several airline departments. The budget carrier filed for Chapter 11 bankruptcy protection in November.
What Went Wrong With Spirit Airlines?
Spirit Airlines filed for bankruptcy protection in November 2024, the first major U.S. airline to do so since 2011. The iconic budget airline hasn't had a profitable year since 2019 and it's lost more...
What went wrong for Spirit Airlines?
Spirit Airlines hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020. It filed for bankruptcy protection in November.
Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy
Spirit Airlines was expected to be one of the big travel industry winners after the pandemic. But the no-frills pioneer never found its wings in a changed business and operating landscape.
How Spirit Airlines Went From Industry Maverick to Chapter 11 Bankruptcy
The budget carrier's pivot to ultralow fares brought it success but competition, rising costs and a failed merger bid hurt the business.
NYSE to Commence Delisting Proceedings Against Spirit Airlines, Inc. (SAVE)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of S...
What the Spirit Airlines bankruptcy will mean for flyers
Spirit has filed for bankruptcy protection after years of financial struggles. Transcript: Conway Gittens: Wall Street looked to the bond market for guidance on Monday following the biggest weekly sto...
Spirit Airlines Files for Bankruptcy, Bondholders to Take Over
Spirit Airlines filed for bankruptcy with a plan to hand over control to bondholders after failing to agree on a merger with rivals. Jonathan Randles reports.
‘You can continue to book and fly': Spirit Airlines says it will operate normally during Chapter 11 bankruptcy
Spirit Airlines announced Monday that it will enter prearranged Chapter 11 bankruptcy proceedings with backing from a supermajority of its bondholders.
Spirit Airlines files for Chapter 11: unpacking the turbulence and what's next
Spirit Airlines, a pioneer in low-cost air travel, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court of the Southern District of New York. The decision marks the first major US air...