Spirit Airlines, Inc. (SAVEQ)

OTCMKTS · Delayed Price · Currency is USD
0.150
+0.020 (15.38%)
Nov 21, 2024, 11:50 AM EST
-98.87%
Market Cap 14.24M
Revenue (ttm) 5.13B
Net Income (ttm) -676.77M
Shares Out 109.52M
EPS (ttm) -6.20
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 949,731
Open 0.105
Previous Close 0.130
Day's Range 0.060 - 0.160
52-Week Range 0.060 - 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]

Industry Air Transportation, Scheduled
Founded 1964
Employees 13,167
Stock Exchange OTCMKTS
Ticker Symbol SAVEQ
Full Company Profile

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 Statements

News

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.

1 day ago - Reuters

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.

2 days ago - WSJ

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...

2 days ago - Business Wire

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...

2 days ago - The Street

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.

2 days ago - Bloomberg Markets and Finance

‘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.

2 days ago - Fast Company

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...

3 days ago - Invezz

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

3 days ago - The Guardian

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...

3 days ago - Market Watch

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.

3 days ago - Investopedia

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.

3 days ago - Barrons

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.

3 days ago - New York Post

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.

3 days ago - Huffington Post

Spirit Airlines files for Chapter 11 bankruptcy protection

Spirit Airlines has filed for Chapter 11 bankruptcy protection, the company announced Monday morning.

3 days ago - Fox Business

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.

3 days ago - CNBC

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.

3 days ago - Business Insider

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...

3 days ago - CNBC

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.

3 days ago - Reuters

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...

3 days ago - PRNewsWire

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 ...

3 days ago - PRNewsWire

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 ...

5 days ago - Reuters

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.

5 days ago - WSJ

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...

7 days ago - Business Wire

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...

7 days ago - Schwab Network

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.

7 days ago - Fast Company