Spirit Airlines, Inc. (SAVE)

NYSE: SAVE · IEX Real-Time Price · USD
3.650
+0.110 (3.11%)
At close: Jul 2, 2024, 4:00 PM
3.630
-0.020 (-0.55%)
After-hours: Jul 2, 2024, 7:58 PM EDT
3.11%
Market Cap 399.68M
Revenue (ttm) 5.28B
Net Income (ttm) -486.19M
Shares Out 109.50M
EPS (ttm) -4.44
PE Ratio n/a
Forward PE n/a
Dividend $0.77 (21.17%)
Ex-Dividend Date Feb 22, 2024
Volume 4,596,048
Open 3.540
Previous Close 3.540
Day's Range 3.495 - 3.660
52-Week Range 3.180 - 19.690
Beta 1.39
Analysts Sell
Price Target 3.33 (-8.77%)
Earnings Date Jul 31, 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]

Industry Airlines
Sector Industrials
IPO Date May 26, 2011
Employees 13,167
Stock Exchange NYSE
Ticker Symbol SAVE
Full Company Profile

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 Statements

Analyst 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 -8.77% from the latest price.

Price Target
$3.33
(-8.77% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Spirit Airlines Announces Executive Leadership Updates

Appoints Aviation Industry Veteran Fred Cromer as Chief Financial Officer Dana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and  Tomas Ranaldi  Promoted to VP, Financial Planning &...

1 day ago - PRNewsWire

Birmingham Travelers Gain New, Low-Fare Flights to South Florida with Spirit Airlines

Spirit Airlines to offer the only nonstop flight from Birmingham (BHM) to Fort Lauderdale (FLL) this October Spirit photos and video available HERE DANIA BEACH, Fla., June 18, 2024 /PRNewswire/ -- Low...

14 days ago - PRNewsWire

Spirit CEO says airline will not file for bankruptcy

Spirit CEO Ted Christie said he's “encouraged” by its plan after the JetBlue deal collapse. Full Video Transcript Below: Conway Gittens: I'm Conway Gittens reporting from the New York Stock Exchange.

25 days ago - The Street

Spirit Airlines isn't considering chapter 11, 'encouraged' by post-JetBlue plan, CEO says

Spirit is struggling in the wake of a failed takeover by JetBlue Airways and a Pratt & Whitney engine recall. CEO Ted Christie said the company isn't considering a chapter 11 bankruptcy filing.

Other symbols: JBLU
25 days ago - CNBC

Portfolio manager says buy Salesforce on AI potential and avoid Spirit Airlines

Thursday's episode of Good Buy or Goodbye examines two companies with recent downward trajectories. Howard Capital Management CEO Vance Howard joins Market Domination to discuss whether long-term tren...

Other symbols: CRM
26 days ago - Yahoo Finance

Spirit Airlines Elevates the Guest Experience with New Enhanced Benefits and Industry-Leading Flexibility

Guests benefit from increased weight allowance for checked bags  and no change or cancel fees DANIA BEACH, Fla. , June 4, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced exciting new...

4 weeks ago - PRNewsWire

Spirit Airlines names Brian McMenamy as interim CFO

Spirit Airlines on Monday named Brian McMenamy as interim chief financial officer, effective June 14.

4 weeks ago - Reuters

Spirit Airlines Announces CFO Transition

Appoints Brian McMenamy as Interim Chief Financial Officer  Current CFO Scott Haralson to Join Larger Publicly Traded Company Outside of Airline Industry as CFO  DANIA BEACH, Fla., June 3, 2024 /PRNew...

4 weeks ago - PRNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVE

NEW YORK, NY / ACCESSWIRE / June 1, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE). Such investors are advised to ...

4 weeks ago - Accesswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVE

NEW YORK , May 30, 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...

4 weeks ago - PRNewsWire

Spirit Airlines to Open New Crew Base for Pilots at Newark Liberty International Airport

DANIA BEACH, Fla., May 24, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced the opening of a new crew base for Pilots at Newark Liberty International Airport (EWR) in September 2024, ...

5 weeks ago - PRNewsWire

Spirit Airlines Expands U.S. Military Benefits to Include Spouses and Children

Active-duty U.S. military service members, their spouses and children are entitled to two free checked bags and one free carry-on bag when traveling with the service member DANIA BEACH, Fla., May 24, ...

5 weeks ago - PRNewsWire

Spirit Airlines and San José Mineta International Airport Partner in Bid for New, Low-Fare Service to Washington's Reagan National Airport

Proposed service would introduce low-fare competition and create the only nonstop service between Silicon Valley and Washington, D.C. DANIA BEACH, Fla.

5 weeks ago - PRNewsWire

Buying Spirit Airlines (SAVE) stock is risky but shorting it is riskier

Spirit Airlines (NYSE: SAVE) stock price has become toxic and unwanted this year. It has crashed by over 76% this year and by over 92% in the past decade.

5 weeks ago - Invezz

Spirit Airlines gets rid of change and cancellation fees, joining Frontier

Spirit used to charge anywhere from $69 to $119 for ticket changes and cancellations, depending on how close to departure the customer made the change.

Other symbols: ULCC
6 weeks ago - CNBC

U.S. travelers are hungry for international travel. These stocks will likely benefit.

U.S. airlines are looking at fairly blue skies this summer, with legacy air carriers likely to fare better than low-cost airlines as they may catch tailwinds from the Paris Summer Olympics and the str...

Other symbols: AALALGTDALLUVUAL
6 weeks ago - Market Watch

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 ...

7 weeks ago - Accesswire

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 ...

7 weeks ago - Accesswire

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.

2 months ago - Fox Business

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.

2 months ago - Barrons

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.

2 months ago - Reuters

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...

2 months ago - Market Watch

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....

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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.

Other symbols: CPAY
2 months ago - Business Wire