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.