Spirit Airlines, Inc. (SAVE)

NYSE: SAVE · IEX Real-Time Price · USD
19.74
-0.20 (-1.00%)
At close: Feb 3, 2023, 4:00 PM
19.76
+0.02 (0.10%)
After-hours: Feb 3, 2023, 7:56 PM EST
-1%
Market Cap 2.15B
Revenue (ttm) 4.66B
Net Income (ttm) -370.65M
Shares Out 108.86M
EPS (ttm) -3.39
PE Ratio n/a
Forward PE 11.81
Dividend n/a
Ex-Dividend Date n/a
Volume 1,103,441
Open 19.84
Previous Close 19.94
Day's Range 19.57 - 19.95
52-Week Range 15.92 - 28.30
Beta 1.14
Analysts Hold
Price Target 26.96 (+36.58%)
Earnings Date Feb 6, 2023

About SAVE

Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to ... [Read more]

Industry Airlines
Sector Industrials
IPO Date May 26, 2011
Employees 9,823
Stock Exchange NYSE
Ticker Symbol SAVE
Full Company Profile

Financial Performance

In 2021, SAVE's revenue was $3.23 billion, an increase of 78.49% compared to the previous year's $1.81 billion. Losses were -$472.57 million, 10.2% more than in 2020.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for SAVE stock is "Hold." The 12-month stock price forecast is $26.96, which is an increase of 36.58% from the latest price.

Price Target
$26.96
(36.58% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Spirit (SAVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Spirit (SAVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 days ago - Zacks Investment Research

3 Airline Stocks to Sell to Avoid the Choppy Skies

After a summer of labor disputes and a winter storm that forced cancellations from sea to shining sea, investors were finally beginning to believe that long positions in airline stocks were ready to t...

Other symbols: AALALGT
2 weeks ago - InvestorPlace

JetBlue Announces Record and Payment Dates for January 2023 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
3 weeks ago - Business Wire

Airline stocks fall premarket after Delta's weaker-than-expected guidance

Airline stocks fell before market open Friday after Delta Air Lines Inc. gave weaker-than-expected guidance for the first quarter.

Other symbols: DALAALJBLULUVUAL
3 weeks ago - Market Watch

Spirit Airlines Pilots Approve New Contract, Lifting Pay 34%

Nearly 70% of Spirit's pilots voted in favor of the deal, which the Air Line Pilots Association union said included gains worth $463 million. The two-year agreement comes as carriers resume posting pr...

3 weeks ago - WSJ

Every Single Airline Stock Fell In 2022, But Let's Look Forward

U.S. airline executives may be brimming with optimism about 2023, but not a single major airline recorded a stock market gain in 2022. The best performing stock, in Spirit Airlines, fell 13%.

Other symbols: AALDALJBLULUVUAL
1 month ago - Forbes

Stocks moving in after hours: Tesla, Disney, JetBlue, Spirit Airlines

Yahoo Finance's Jared Blikre highlights key tickers making moves in after-hours trading.

Other symbols: DISJBLUTSLA
1 month ago - Yahoo Finance

New Spirit Airlines & L3Harris Pathway Program Puts Aspiring Pilots on the Fast Track to a Successful Career

Spirit Wings Pilot Pathway Launches in Central Florida MIRAMAR, Fla. , Dec. 15, 2022 /PRNewswire/ -- The sky's the limit for aspiring Spirit Airlines (NYSE:SAVE) Pilots.

Other symbols: LHX
1 month ago - PRNewsWire

Spirit Airlines to Connect Charleston's Charm with 3 Major Metro Areas Along the East Coast

Nonstop service to Fort Lauderdale, Newark & Philadelphia begins in April 2023 Photos and video available HERE MIRAMAR, Fla., Dec. 14, 2022 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) bright yellow ...

1 month ago - PRNewsWire

Spirit Airlines (SAVE) Pilots May Get Substantial Pay Hike

ALPA, the union which represents the pilots of Spirit (SAVE), plans road shows to garner support for the agreement.

1 month ago - Zacks Investment Research

Spirit Airlines offers big raises to pilots in new contract - union memo

Spirit Airlines has offered as much as a 43% cumulative weighted average pay raise to its pilots over two years, according to a union memo seen by Reuters.

2 months ago - Reuters

Is the Options Market Predicting a Spike in Spirit Airlines (SAVE) Stock?

Investors need to pay close attention to Spirit Airlines (SAVE) stock based on the movements in the options market lately.

2 months ago - Zacks Investment Research

Why Is Spirit (SAVE) Up 0.3% Since Last Earnings Report?

Spirit (SAVE) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Spirit Airlines Celebrates Inaugural San Antonio Flight by Doubling Service

Daily service to Las Vegas and Orlando starts, with Baltimore/Washington D.C.  and Fort Lauderdale launching March 2023 Photos and video available HERE MIRAMAR, Fla.

2 months ago - PRNewsWire

Spirit is dropping 37 routes from its network in a significant adjustment that targets Florida — see the full list

The carrier called the cuts temporary and said it intends to restore them in 2023.

2 months ago - Business Insider

Tropical Storm Nicole snarls travel in Florida, Orlando airport to suspend flights

The latest storm headed toward Florida about a month and a half after Hurricane Ian caused severe damage on the state's Gulf coast.

3 months ago - CNBC

Spirit Airlines (SAVE) Down 2% Since Q3 Earnings Release

Spirit Airlines (SAVE) third-quarter 2022 earnings and revenues increase year over year.

3 months ago - Zacks Investment Research

Spirit Airlines Stock Flashing Bear Signal

Spirit Airlines (SAVE) has been climbing since the $18 level captured its mid-October lows, though the stock now appears to be running into pressure at the $22 level, which is also the site of its yea...

3 months ago - Forbes

Wall Street Analysts Believe Spirit (SAVE) Could Rally 31%: Here's is How to Trade

The consensus price target hints at a 31.3% upside potential for Spirit (SAVE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate r...

3 months ago - Zacks Investment Research

Spirit Airlines Reveals Latest Guest Experience Investment with Enhanced, Wider Seats

Cabin enhancements boost comfort while maintaining Spirit's industry-leading commitment to affordable travel The new wider seats include more cushion, new headrests and reaffirms the additional usable...

3 months ago - PRNewsWire

Spirit (SAVE) Q3 Earnings Beat Estimates

Spirit (SAVE) delivered earnings and revenue surprises of 133.33% and 0.70%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Spirit Airlines Reports Third Quarter 2022 Results

MIRAMAR, Fla. , Oct. 26, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported third quarter 2022 financial results.

3 months ago - PRNewsWire

Spirit Airlines and CAE Launch New Spirit Wings Pilot Pathway Program for Aspiring Commercial Pilots

MIRAMAR, Fla., Oct. 24, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) and CAE (NYSE: CAE) today announced the launch of the Spirit Wings Pilot Pathway program that aims to expand the carrier's pip...

Other symbols: CAE
3 months ago - PRNewsWire

SAVE Stock News: Spirit Airlines Shareholders Approve JetBlue Takeover

Following a monthslong courting process, shareholders of Spirit Airlines (NYSE: SAVE) approved its merger with JetBlue Airways (NASDAQ: JBLU). According to the Wall Street Journal, it's a step towar...

Other symbols: JBLU
3 months ago - InvestorPlace

JetBlue Takes Another Step Closer to Acquiring Spirit Airlines

Spirit shareholders have approved JetBlue's $3.8 billion takeover of the low-cost air carrier, but there's still a long way to go before the deal is completed. SUBSCRIBE | http://t.st/TheStreetTV MORE...

Other symbols: JBLU
3 months ago - The Street