Spirit Airlines, Inc. (SAVEQ)
| Market Cap | 50.93M |
| Revenue (ttm) | 4.91B -8.4% |
| Net Income | -1.23B |
| EPS | -11.23 |
| Shares Out | 109.53M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 708,800 |
| Average Volume | 3,413,109 |
| Open | 0.4700 |
| Previous Close | 0.4600 |
| Day's Range | 0.4500 - 0.4800 |
| 52-Week Range | 0.0600 - 1.5700 |
| Beta | 1.25 |
| RSI | 43.52 |
| Earnings Date | Apr 25, 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 2024, Spirit Airlines's revenue was $4.91 billion, a decrease of -8.38% compared to the previous year's $5.36 billion. Losses were -$1.23 billion, 174.8% more than in 2023.
Financial StatementsNews
Spirit expands premium seats and loyalty rewards to emerge from bankruptcy
Spirit has moved away from its budget roots for a more hybrid approach to crawl out of bankruptcy. The carrier plans to expand first class and premium economy while keeping a cheap no-frills section.
Spirit Airlines to sell 20 jets, recalls furloughed flight attendants as it grapples with bankruptcy
Spirit Airlines reached a deal with Airbus jetliners selling 20 aircrafts to the airline, while some flight attendants will be recalled amid the furloughs from last year.
Broke Spirit Airlines turns to private equity firm in hopes of avoiding bankruptcy
Spirit Airlines could potentially avoid filing for Chapter 11 bankruptcy.
Spirit Airlines to furlough another 365 pilots as part of ongoing restructures
The company has previously furloughed about 330 pilots and plans to furlough another 270 pilots in November.
Spirit Airlines to cut flight capacity by 25%, eliminate jobs to prioritize ‘strongest markets'
At the start of 2025, roughly 200 Spirit employees were laid off during the airline's early exploration into escaping bankruptcy.
Spirit Airlines fires back after United CEO wonders if it can survive: ‘Can't stop yapping about us'
United's CEO Scott Kirby has been a vocal critic of the business model of no-frills airlines and has repeatedly questioned their viability.
Spirit Airlines' Rivals Are Circling Like Sharks
Spirit Airlines' prospects are so dire that a rival carrier explicitly talked about its potential demise when announcing targeted new routes.
Spirit Airlines files for bankruptcy — second time in a year as turnaround fails
The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March.
Spirit Airlines Announces NYSE American Listing Approval
DANIA BEACH, Fla., April 24, 2025 /PRNewswire/ -- Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC, (together, "Spirit") today announced that its common stock has been approved f...
Spirit Airlines names new CEO after emerging from bankruptcy
Spirit Airlines on Thursday appointed Dave Davis as its new chief executive officer, weeks after the U.S. discount carrier emerged from bankruptcy and reconstituted its board.
Spirit Airlines Hires New CEO, Plotting Rebound
Longtime airline executive Dave Davis will take leadership as airlines face a tougher travel environment.
Spirit Airlines CEO Ted Christie steps down
Ted Christie, CEO of Spirit Airlines, is stepping down from his role. Spirit filed for bankruptcy protection in November after years of mounting losses, a failed merger, increased competition and more...
Spirit Airlines CEO steps down weeks after carrier exits bankruptcy
U.S. discount carrier Spirit Airlines said on Monday that CEO Ted Christie has stepped down with immediate effect as part of a shakeup, weeks after the company emerged from bankruptcy and reconstitute...
Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
Spirit Airlines just exited bankruptcy, meeting its target of emerging in the first quarter. The low-cost airline competes in some of Southwest's markets.
Spirit Airlines targets more affluent travelers after emerging from bankruptcy
U.S. carrier Spirit Airlines , long known for its no-frills service, said on Wednesday it was pushing ahead with plans to rebrand itself as a premium airline as it emerged from bankruptcy protection a...
What went wrong for Spirit Airlines?
In November, Spirit Airlines filed for Chapter 11 bankruptcy protection. The icon of U.S. budget air travel hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020.
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.
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...