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 |
| Open | 0.4700 |
| Previous Close | 0.4600 |
| Day's Range | 0.4500 - 0.4800 |
| 52-Week Range | 0.0600 - 1.5700 |
| Beta | 1.25 |
| Analysts | n/a |
| Price Target | n/a |
| 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
US airlines fuel costs soared in April to $6.5 billion
U.S. passenger airlines' fuel costs jumped 78% in April to nearly $6.5 billion over the same month last year as the conflict in the Middle East has sharply driven up fuel costs, the U.S. Transp...
Spirit's days of offering no-frills flights may be numbered as shutdown looms
Spirit Airlines appears to be losing the fight to stay in business, with the Wall Street Journal reporting that the ultralow-cost carrier is preparing to cease operations after a bailout deal from the...
Airlines will have a hard time making profits as jet fuel increases, expert says
Jeffries MD and senior equity research analyst Sheila Kahyaoglu discusses defense stocks amid the Iranian conflict on 'Making Money.'
Budget airlines reportedly ask federal government for $2.5B in aid tied to rising jet fuel costs
Budget airlines including Frontier and Avelo are reportedly seeking $2.5 billion in federal assistance amid rising jet fuel costs, according to a new report.
Spirit Airlines Was Set To Exit Bankruptcy This Summer. Now High Fuel Prices Could Force It To Liquidate.
Americans could soon have one fewer option for discount air travel.
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.