Spirit Airlines, Inc. (SAVE)

NYSE: SAVE · IEX Real-Time Price · USD
4.840
+0.220 (4.76%)
At close: Mar 28, 2024, 4:00 PM
4.820
-0.020 (-0.41%)
After-hours: Mar 28, 2024, 7:59 PM EDT
4.76%
Market Cap 505.79M
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 $1.14 (23.63%)
Ex-Dividend Date Feb 22, 2024
Volume 5,892,615
Open 4.650
Previous Close 4.620
Day's Range 4.635 - 4.940
52-Week Range 3.960 - 19.690
Beta 1.37
Analysts Sell
Price Target 8.60 (+77.69%)
Earnings Date Apr 24, 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 $8.6, which is an increase of 77.69% from the latest price.

Price Target
$8.6
(77.69% upside)
Analyst Consensus: Sell
Stock Forecasts

News

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
23 hours 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...

3 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
9 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
14 days 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
20 days 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
20 days 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...

23 days 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
24 days 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
24 days 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
24 days ago - Investopedia

JetBlue, Spirit call off $3.8B merger after losing antitrust suit: ‘Best path forward'

Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns. A successful deal would have c...

Other symbols: JBLU
24 days ago - New York Post

JetBlue Gives Up on $3.8 Billion Spirit Air Deal

JetBlue Airways Corp. formally abandoned its pursuit of Spirit Airlines Inc. more than a month after a federal judge blocked the $3.8 billion acquisition on antitrust grounds. Both sides decided to wa...

Other symbols: JBLU
24 days ago - Bloomberg Markets and Finance

JetBlue, Spirit Airlines Drop $3.8 Billion Merger. What the Stocks' Moves Are Saying.

The price JetBlue had agreed to pay was looking like way too much.

Other symbols: JBLU
24 days ago - Barrons

JetBlue and Spirit Airlines cancel $3.8bn merger after judge blocked deal

Deal would have created fifth-largest US carrier but judge said it would harm consumers by reducing competition

Other symbols: JBLU
24 days ago - The Guardian

JetBlue announces termination of merger agreement with Spirit Airlines

CNBC's Phil LeBeau joins 'Squawk Box' with the latest news.

Other symbols: JBLU
24 days ago - CNBC Television

JetBlue Airways and Spirit Airlines Call Off Merger Deal

The move came weeks after a judge ruled that the $3.8 billion deal would reduce competition and harm cost-conscious fliers.

Other symbols: JBLU
24 days ago - WSJ

Spirit Airlines stock tanks 20% as $JBLU terminates merger plan

Spirit Airlines Inc tanked 20% in premarket on Monday after JetBlue Airways Corporation terminated its $3.8 billion merger agreement with the ultra-low-cost carrier. The news arrives shortly after a f...

Other symbols: JBLU
24 days ago - Invezz

JetBlue, Spirit agree to terminate merger

JetBlue and Spirit agreed to terminate their merger agreement after facing regulatory hurdles. The airlines issued a joint statement saying that the decision "is the best path forward.

Other symbols: JBLU
24 days ago - Fox Business

JetBlue, Spirit Ending $3.8 Billion Deal To Combine After Court Ruling Blocked Merger

The Justice Department sued to block the merger last year, saying it would reduce competition and drive up fares, especially for travelers who depend on low-fare Spirit.

Other symbols: JBLU
24 days ago - Huffington Post

JetBlue terminates $3.8 bln Spirit deal

Low-cost carrier JetBlue Airways said on Monday it has terminated its $3.8 billion merger agreement with rival Spirit Airlines , after a U.S. judge blocked the deal on anti-competition concerns.

Other symbols: JBLU
24 days ago - Reuters

JetBlue and Spirit Airlines terminate $3.8 billion merger agreement

JetBlue and Spirit Airlines had appealed a federal judge's decision to block their merger earlier in January.

Other symbols: JBLU
24 days ago - CNBC

JetBlue Announces Termination of Merger Agreement with Spirit

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE: SAVE) to terminate their July 2022 merger agreement. Although both compan...

Other symbols: JBLU
24 days ago - Business Wire

Spirit Announces Termination of Merger Agreement with JetBlue

MIRAMAR, Fla. , March 4, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit") (NYSE: SAVE) today announced that its merger agreement with JetBlue Airways Corporation has been terminated by mutual agr...

Other symbols: JBLU
24 days ago - PRNewsWire

George Soros' fund bets on U.S. leisure travel, with fresh stakes in JetBlue, Spirit, Sun Country

Billionaire investor George Soros' investment fund has placed new bets on low-cost and ultra-low-cost U.S. airlines, going for fresh stakes in JetBlue Airways Corp., Spirit Airlines Inc. and Sun Count...

Other symbols: JBLUSNCY
6 weeks ago - Market Watch

JetBlue Announces Record and Payment Dates for February 2024 Additional Prepayment to Spirit Stockholders

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“...

Other symbols: JBLU
6 weeks ago - Business Wire