Spirit Airlines, Inc. (SAVEQ)

OTCMKTS · Delayed Price · Currency is USD
0.4700
+0.0100 (2.17%)
Inactive · Last trade price on Mar 12, 2025
-89.53%
Market Cap 50.93M
Revenue (ttm) 4.91B
Net Income (ttm) -1.23B
Shares Out 109.53M
EPS (ttm) -11.23
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]

Industry Airlines
Sector Industrials
Founded 1964
Employees 11,331
Stock Exchange OTCMKTS
Ticker Symbol SAVEQ
Full Company Profile

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 Statements

News

Spirit Airlines vs Southwest: why 2025 could shake up the skies

Spirit Airlines chief executive Ted Christie says the company is positioned to steal share from its larger rival, Southwest Airlines Co (NYSE: LUV), in 2025.

17 days ago - Invezz

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.

19 days ago - CNBC

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...

20 days ago - Reuters

Stock Picks From Seeking Alpha's February 2025 New Analysts

In February, twenty-three new analysts joined Seeking Alpha, offering diverse stock picks and insights, from biotech to automotive and energy sectors. Analysts provided ratings from Strong Sell to Str...

26 days ago - Seeking Alpha

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.

27 days ago - CNBC

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.

5 weeks ago - Reuters

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

6 weeks ago - Market Watch

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.

6 weeks ago - Fox Business

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...

6 weeks ago - Reuters

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.

2 months ago - Fast Company

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.

2 months ago - New York Post

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.

2 months ago - Investopedia

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.

2 months ago - Fox Business

Spirit Rejects Frontier's Bid. Trump Is Already Shaking Up the Airline Industry.

Frontier made its first offer to buy Spirit in 2022.

2 months ago - Barrons

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...

2 months ago - Benzinga

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.

2 months ago - Market Watch

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.

2 months ago - Reuters

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.

2 months ago - CNBC

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 ...

2 months ago - PRNewsWire

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...

2 months ago - New York Post

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.

2 months ago - CNBC

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...

3 months ago - CNBC

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.

3 months ago - CNBC

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.

4 months ago - Reuters

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.

4 months ago - WSJ