Spirit Airlines, Inc. (SAVE)
| Market Cap | 324.12M |
| 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 | $0.68 (22.92%) |
| Ex-Dividend Date | Feb 22, 2024 |
| Volume | 3,416,658 |
| Open | 2.920 |
| Previous Close | 2.880 |
| Day's Range | 2.850 - 2.980 |
| 52-Week Range | 2.700 - 18.520 |
| Beta | 1.40 |
| Analysts | Sell |
| Price Target | 2.64 (-10.81%) |
| Earnings Date | Aug 5, 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]
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 StatementsAnalyst Forecast
According to 9 analysts, the average rating for SAVE stock is "Sell." The 12-month stock price forecast is $2.64, which is a decrease of -10.81% from the latest price.
News
Citi Research's Stephen Trent on global outage impact on airlines
Stephen Trent, Citi Research airline analyst, joins 'Power Lunch' to discuss the impact of CrowdStrike's IT outage on the airline industry and more.
Spirit Airlines Warns About Loss and Revenue; Stock Sinks To All-Time Low
Shares of Spirit Airlines (SAVE) fell to an all-time low Wednesday, a day after the discount carrier warned that its second-quarter loss and revenue would be worse than it had previously expected beca...
Spirit passengers are getting fed up of the ultra-low-cost airline's extra fees
Spirit Airlines lowered its revenue estimate, citing a decline in non-ticket revenue. That refers to things like bag fees and picking your own seat, which can cost hundreds of dollars.
ASML Reports Q2 Results, Joins Spirit Airlines And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. stock futures were lower this morning, with the Nasdaq futures falling around 300 points on Wednesday.
Spirit Airlines lowers revenue estimates as it faces more competition, capacity challenges
Spirit Airlines Inc. late Tuesday lowered revenue estimates for its second quarter, saying it faced more competition, and as a mismatch between domestic capacity and demand continues to plague U.S. ai...
Spirit Airlines forecasts bigger quarterly loss as revenue falls short of expectations
Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations. In this article SAVE
Spirit Airlines expects Q2 revenue of $1.28 bln, lower than previously projected
Spirit Airlines on Tuesday said revenue for the second quarter is estimated to be around $1.28 billion, lower than previously projected, citing lower-than-expected non-ticket revenue.
Spirit Airlines Announces New Appointment to Board of Directors
DANIA BEACH, Fla., July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) announced today that its Board of Directors has appointed Richard F.
Spirit Airlines Celebrates 25 Years of Soaring at Los Angeles International Airport
LAX travelers can take advantage of $25 one-way fares in honor of Spirit's milestone anniversary Photos and video available HERE DANIA BEACH, Fla., July 12, 2024 /PRNewswire/ -- Today marks Spirit Ai...
Air travel demand is breaking records. Airline profits are not
Higher payroll and other expenses are eating into airline profits despite strong travel demand. Airlines have ramped up U.S. capacity, forcing some carriers to discount fares in off-peak periods.
Frontier & Spirit: Airlines Lag on Friday's Session
Airlines are among the biggest laggards in Friday's session. Raymond James downgraded Frontier (ULCC) and Spirit (SAVE).
Frontier and Spirt Airlines Get Downgrades. How the Rest of the Year Goes Is ‘As Clear as Mud.
Raymond James analyst Savanthi Syth downgraded shares of Frontier and Spirit to Underperform from Market Perform.
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 &...
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...
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.
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.
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...
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...
Spirit Airlines names Brian McMenamy as interim CFO
Spirit Airlines on Monday named Brian McMenamy as interim chief financial officer, effective June 14.
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...
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 ...
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...
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, ...
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, ...
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.