Spirit Airlines, Inc. (SAVEQ)
| Market Cap | 58.60M |
| Revenue (ttm) | 5.07B |
| Net Income (ttm) | -827.46M |
| Shares Out | 109.52M |
| EPS (ttm) | -7.56 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 7,683,700 |
| Open | 0.640 |
| Previous Close | 0.680 |
| Day's Range | 0.500 - 0.710 |
| 52-Week Range | 0.010 - 1.570 |
| Beta | 1.37 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Feb 6, 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]
Financial Performance
In 2023, Spirit Airlines'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 StatementsNews
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.
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.
NYSE to Commence Delisting Proceedings Against Spirit Airlines, Inc. (SAVE)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of S...
What the Spirit Airlines bankruptcy will mean for flyers
Spirit has filed for bankruptcy protection after years of financial struggles. Transcript: Conway Gittens: Wall Street looked to the bond market for guidance on Monday following the biggest weekly sto...
Spirit Airlines Files for Bankruptcy, Bondholders to Take Over
Spirit Airlines filed for bankruptcy with a plan to hand over control to bondholders after failing to agree on a merger with rivals. Jonathan Randles reports.
‘You can continue to book and fly': Spirit Airlines says it will operate normally during Chapter 11 bankruptcy
Spirit Airlines announced Monday that it will enter prearranged Chapter 11 bankruptcy proceedings with backing from a supermajority of its bondholders.
Spirit Airlines files for Chapter 11: unpacking the turbulence and what's next
Spirit Airlines, a pioneer in low-cost air travel, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court of the Southern District of New York. The decision marks the first major US air...
Spirit Airlines files for bankruptcy amid mounting financial losses
Biggest US budget airline says it expects to operate as normal as it works its way through Chapter 11 process
Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through
Spirit Airlines Inc. filed for a voluntary, pre-arranged Chapter 11 bankruptcy early Monday, capping a tumultuous period for the low-cost airline in which efforts to merge with two rivals fell through...
Budget Carrier Spirit Airlines Files for Bankruptcy
Spirit Airlines (SAVE) said Monday it filed for bankruptcy protection and reached an agreement to restructure its debt with its bondholders.
Spirit Airlines Files for Bankruptcy. What It Means for Flights.
Spirit said Monday that it has entered a restructuring agreement with its bondholders to reduce the debt on its balance sheet.
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
The last bankruptcy by a major US carrier ended when American Airlines emerged from Chapter 11 protection and simultaneously merged with US Airways in December 2013.
Spirit Airlines Files For Bankruptcy As Financial Losses Pile Up And Debt Payments Loom
Spirit Airlines has struggled to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue.
Spirit Airlines files for Chapter 11 bankruptcy protection
Spirit Airlines has filed for Chapter 11 bankruptcy protection, the company announced Monday morning.
What travelers need to know about Spirit Airlines' bankruptcy
Spirit Airlines filed for Chapter 11 bankruptcy protection. The budget-travel icon said it will continue to fly.
Spirit Airlines to keep flying after filing for bankruptcy protection
Spirit Airlines has filed for Chapter 11 bankruptcy protection, it said Monday. The airline will continue to operate as normal, and all tickets remain valid, it added.
Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
Spirit has struggled since its failed acquisition by JetBlue Airways, a Pratt & Whitney engine recall and weaker-than-expected sales. The company has faced mounting losses and has been against a deadl...
Spirit Airlines files for bankruptcy
Spirit Airlines has filed for bankruptcy protection after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses and significant debt, it disclosed on Monday.
Spirit Airlines Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success as a Leading Low-Fare Carrier
Flights, Ticket Sales, Reservations and All Other Operations Continue as Normal Restructuring Support Agreement Already Signed by a Supermajority of Spirit's Bondholders Voluntary Prearranged Chapter...
Spirit Airlines Issues Open Letter to All Spirit Guests
DANIA BEACH, Fla., Nov. 18, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today issued the following open letter to all Spirit Guests: We are writing to let you ...
Fitch downgrades Spirit Airlines' long-term credit rating
Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-term default ...
The Score: Spirit, Tesla, Moderna and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
KBRA Comments on Aviation ABS Exposure to Spirit Airlines
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--Spirit Airlines Inc. (Spirit), an ultra-low-cost carrier headquartered in Dania Beach, Florida, has experienced financial deterioration in recent years...
Next Stop for SAVE: Bankruptcy Courts, What it Means for Budget Travel
The Wall Street Journal reports that Spirit Airlines (SAVE) has filed for bankruptcy after a possible Frontier Airlines (ULCC) merger fell through. Ÿael Ossowski believes Spirit will need a "pretty bi...
Will Spirit Airlines go bankrupt? Stock price collapses after merger talks with Frontier reportedly end
Shares in Spirit Airlines (NYSE: SAVE) are trading down over 64% in premarket as of this writing. SAVE stock is currently hovering around $1.14 per share, having closed at $3.22 per share yesterday.