Spirit Airlines, Inc. (SAVE)

NYSE: SAVE · IEX Real-Time Price · USD
4.180
-0.160 (-3.69%)
At close: Apr 12, 2024, 4:00 PM
4.190
+0.010 (0.24%)
Pre-market: Apr 15, 2024, 4:01 AM EDT
-3.69%
Market Cap 457.62M
Revenue (ttm) 5.36B
Net Income (ttm) -447.46M
Shares Out 109.48M
EPS (ttm) -4.10
PE Ratio n/a
Forward PE 35.46
Dividend $1.05 (25.17%)
Ex-Dividend Date Feb 22, 2024
Volume 5,753,922
Open 4.290
Previous Close 4.340
Day's Range 4.130 - 4.349
52-Week Range 3.960 - 19.690
Beta 1.34
Analysts Sell
Price Target 5.10 (+22.01%)
Earnings Date May 6, 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 6 analysts, the average rating for SAVE stock is "Sell." The 12-month stock price forecast is $5.1, which is an increase of 22.01% from the latest price.

Price Target
$5.1
(22.01% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Spirit Airlines to furlough over 200 pilots

Spirit Airlines has announced plans to furlough 260 pilots in an effort to save money.

5 days ago - The Street

Spirit Airlines Defers Airbus A320s—Why That Is Bad News For Boeing

Spirit Airlines SAVE and Airbus have reached an agreement which allows the low-cost airline to defer deliveries of A320 aircraft scheduled for the second quarter of 2025 through 2026 by five years, fr...

Other symbols: BAEADSY
6 days ago - Forbes

Spirit Airlines Delays Jet Deliveries, Furloughs Pilots to Bolster Finances

Spirit Airlines (SAVE) announced it was delaying delivery of jets and furloughing pilots in cost-cutting moves, sending shares of the troubled carrier higher on Monday.

6 days ago - Investopedia

Spirit Air Defers Plane Deliveries in Bid to Preserve Cash

George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, and Airlines Analyst, discusses the latest at Spirit Airlines plane deferments and where the turbulence in the airline industry. He s...

6 days ago - Bloomberg Markets and Finance

Spirit Airlines defers Airbus deliveries, furloughing 260 pilots

Spirit Airlines announced that its deferring Airbus deliveries and furloughing hundreds of pilots as it tries to shore up more liquidity and return to profitability.

Other symbols: EADSY
6 days ago - Fox Business

Spirit to defer Airbus plane deliveries, furlough 260 pilots this year

Spirit Airlines is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026, the discount carrier said Monday.

Other symbols: EADSY
6 days ago - TechXplore

Cash-strapped Spirit Airlines to defer Airbus deliveries, furlough 260 pilots

As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1.

Other symbols: EADSY
6 days ago - New York Post

Spirit Airlines Delays Airbus Deliveries to Boost Liquidity. It Could Help Boeing-Exposed Carriers.

The ultra-low-cost carrier said Monday it has agreed to defer all aircraft orders scheduled for delivery in the second quarter of 2025 through the end of 2026 until 2030-2031.

Other symbols: EADSYBA
6 days ago - Barrons

Spirit Airlines to Defer Plane Deliveries and Furlough Pilots

Spirit Airlines is pushing back delivery of Airbus aircraft, prompting pilot furloughs later this year, as the airline looks to boost liquidity following its terminated merger with JetBlue last month.

6 days ago - WSJ

Spirit Airlines to delay Airbus deliveries, furlough pilots

Spirit Airlines Inc (NYSE: SAVE) says it will defer deliveries of Airbus planes. Shares of the air carrier are slightly in red at writing.

Other symbols: EADSY
6 days ago - Invezz

Spirit Airlines to delay Airbus aircraft deliveries to save cash

Spirit Airlines said on Monday it has reached an agreement with Airbus to defer all aircraft orders scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031, as the...

Other symbols: EADSY
6 days ago - Reuters

Spirit Airlines to defer deliveries from Airbus, furlough pilots to boost liquidity

Shares of Spirit Airlines Inc. SAVE, -3.28% fell 0.7% in premarket trading Monday, after the air carrier announced an agreement with Airbus SE EADSY, +1.29% AIR, +1.06% in which Spirit will defer deli...

Other symbols: EADSY
6 days ago - Market Watch

Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity

Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity.

Other symbols: EADSY
6 days ago - CNBC

Spirit Airlines Announces Deferral of Airbus Aircraft Deliveries

MIRAMAR, Fla. , April 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it reached an agreement with Airbus to defer all aircraft on order tha...

Other symbols: EADSY
6 days ago - PRNewsWire

Spirit Airlines gets credit from IAE that will boost liquidity

Spirit Airlines' said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues.

16 days ago - Reuters

Important to have stable relations with Spirit, Airbus CFO says

Airbus , Chief Financial Officer Thomas Toepfer stressed the importance of a stable relationship with supplier Spirit AeroSystems , in a newspaper interview published on Thursday, as rival Boeing mull...

Other symbols: EADSY
18 days ago - Reuters

FAA Fines Spirit Airlines For Hazmat Violation—Recalling ValueJet Crash

The Federal Aviation Administration announced a proposed civil penalty of $146,500 against Spirit Airlines SAVE for alleged violations of the Department of Transportation Hazardous Materials Regulatio...

20 days ago - Forbes

JetBlue dropping service to these cities after deals with Spirit, American blocked

JetBlue has lost more than $2 billion since its last profitable year, 2019.

Other symbols: AALJBLU
26 days ago - New York Post

JetBlue CEO Says Spirit Was 'Distraction': Stock Strikes Golden Cross As Airline Focuses On Core Markets - JetBlue Airways (NASDAQ:JBLU)

JetBlue Airways Corp JBLU stock has been in the news a lot over the past couple of months, mainly about Its proposed merger with Spirit Airlines Inc SAVE, which has also been driving investor sentimen...

Other symbols: JBLU
4 weeks ago - Benzinga

The Score: Spirit Airlines, Target, Broadcom and More Stocks That Defined the Week

Here are some of the major companies whose stocks moved on the week's news.

Other symbols: AVGOTGT
5 weeks ago - WSJ

Top 3 Industrials That Are Preparing To Pump In Q1 - SOS (NYSE:SOS), Spirit Airlines (NYSE:SAVE)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: SOSTTEC
5 weeks ago - Benzinga

SAVE stock price forecast: is Spirit Airlines a contrarian buy?

The Sprit Airlines (NYSE: SAVE) stock price has been slammed in the past few weeks as investors remain concerned about its bankruptcy risks. It has collapsed to $5.76, 65% below its highest point this...

5 weeks ago - Invezz

JetBlue, Spirit scrap $3.8B acquisition deal

JetBlue Airways (JBLU) and Spirit Airlines (SAVE) have officially terminated their $3.8 billion merger agreement. JetBlue was seeking to acquire Spirit but could not secure the necessary regulatory ap...

Other symbols: JBLU
5 weeks ago - Yahoo Finance

JetBlue, Spirit Airlines cancel merger after blocked by US court

JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law.

Other symbols: JBLU
5 weeks ago - TechXplore

JetBlue, Spirit Airlines Terminate $3.8 Billion Merger, Spirit Stock Skids

JetBlue (JBLU) and Spirit Airlines (SAVE) have called off their $3.8 billion proposed merger after regulators blocked the deal.

Other symbols: JBLU
5 weeks ago - Investopedia