Spirit Airlines, Inc. (SAVE)
| Market Cap | 1.79B |
| Revenue (ttm) | 5.43B |
| Net Income (ttm) | -534.48M |
| Shares Out | 109.17M |
| EPS (ttm) | -4.90 |
| PE Ratio | n/a |
| Forward PE | 35.46 |
| Dividend | $1.16 (7.07%) |
| Ex-Dividend Date | Dec 21, 2023 |
| Volume | 2,683,726 |
| Open | 16.42 |
| Previous Close | 16.40 |
| Day's Range | 16.30 - 16.60 |
| 52-Week Range | 8.68 - 20.99 |
| Beta | 1.32 |
| Analysts | Hold |
| Price Target | 14.50 (-11.53%) |
| Earnings Date | Feb 5, 2024 |
About SAVE
Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. It serves 92 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2022, the company had a fleet of 194 Airbus single-aisle aircraft. The company was formerly known as Clippert Trucking Company and changed its n... [Read more]
Financial Performance
In 2022, SAVE's revenue was $5.07 billion, an increase of 56.88% compared to the previous year's $3.23 billion. Losses were -$554.15 million, 17.3% more than in 2021.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for SAVE stock is "Hold." The 12-month stock price forecast is $14.5, which is a decrease of -11.53% from the latest price.
News
Budget airlines like Spirit and Ryanair make up almost a third of global airline capacity. Here's how they do business
These no-frills airlines entice travelers with low base fares and charge for add-ons such as luggage and food.
Spirit Airlines Celebrates 30th Anniversary in Fort Myers with the Launch of the Southwest Florida International Airport's Only Nonstop Service to Puerto Rico
Spirit images & logos available HERE FORT MYERS, Fla. , Dec. 15, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating three decades of serving Southwest Florida with the start of the only ...
JetBlue Announces Record and Payment Dates for December 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 (“...
Airline Profits To Soar in 2024 as Travel Rebounds, But Profit Margins Seen Remaining Thin
Airline revenue is expected to reach a record high in 2024, according to the International Air Transport Association (IATA).
US airlines' plans for growth constrained by antitrust concerns
Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which puts them in the crosshairs of anti-trust regulators.
JetBlue argues it needs merger with Spirit to compete, as trial over $3.8 billion deal winds down
BOSTON — A lawyer for JetBlue Airways said Tuesday that the biggest U.S. airlines are using their size to cement their dominance in a post-pandemic world, making it critical that a federal judge allow...
Judge leans toward approving JetBlue's $3.8B deal for Spirit
The judge also said he expected airline fares would rise if no-frills, ultra-low-cost Spirit no longer was around to "undercut everyone else" and drive down prices.
Spirit Airlines offers buyouts to salaried employees to cut costs
Spirit is facing financial strain from weaker off-peak demand and Pratt & Whitney engine groundings.
Spirit Airlines Kicks Off Black & Yellow Friday with Limited-Time Offers on Flights, Vacation Packages and Free Spirit® Points
Big savings take flight with $20 one-way airfare available HERE MIRAMAR, Fla. , Nov. 24, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating an entire weekend of sales today, launching Bl...
JetBlue Announces Record and Payment Dates for November 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 (“...
SPIRIT AIRLINES CARRY-ON FEE CLASS ACTION SETTLEMENT: CLAIM SUBMISSION NOW OPEN
RYE BROOK, N.Y. and LAUREL, Md.
JetBlue CEO at trial calls Spirit merger key to taking on larger airlines
The CEO of JetBlue Airways testified in court on Monday that the company's proposed $3.8 billion acquisition of Spirit Airlines is a critical part of his plan to turn the airline into a more significa...
Top 5 Industrial Stocks That Are Set To Fly In Q4 - Ault Alliance (AMEX:AULT), Fathom Digital Mfg (NYSE:FATH)
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
JetBlue, Spirit merger 'could go either way': Analyst
JetBlue (JBLU) is in court defending its contested $3.8 billion acquisition of Spirit Airlines (SAVE), which would create the 5th largest U.S. carrier. JetBlue contends the deal is critical for growth...
Spirit Airlines CEO defends JetBlue merger in US antitrust trial
The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a viable competitor to the four larger airlines th...
Feds argue consumers would be ‘better off' without JetBlue-Spirit Airlines merger
The Biden administration's fight against consolidation in the airline industry is being tested Tuesday as lawyers for JetBlue Airways and the Justice Department squared off in court.
JetBlue sinks to 12-year low as airline forecasts more losses, Spirit antitrust trial begins
JetBlue faces the Justice Department in an antitrust trial over the carrier's proposed acquisition of budget carrier Spirit Airlines.
US seeks to block JetBlue, Spirit Airlines merger at trial
The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.
JetBlue Earnings and Start of Spirit Trial Sync Up. It's a Big Day for the Stock.
The antitrust trial following the Justice Department's lawsuit to block JetBlue's proposed merger with Spirit Airlines is finally due to begin after a two-week delay.
Paradise is Calling: U.S. Travelers Gain Daily, Low-Fare Flights to Tulum's New Airport with Spirit Airlines
Nonstop flights from Fort Lauderdale and Orlando begin March 2024 with introductory fares starting at $ 149 one-way* Spirit photos and video available HERE MIRAMAR, Fla. , Oct. 27, 2023 /PRNewswire/ ...
Spirit Airlines suspends training for new pilots after difficult quarter, Pratt engine issue
A Spirit Airlines memo said pilot training would be suspended next month "until further notice."
Spirit Airlines Reports Third Quarter 2023 Results
MIRAMAR, Fla., Oct. 26, 2023 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported third quarter 2023 financial results.
Spirit Airlines cancels some Friday and Saturday flights for unspecified inspections
Spirit Airlines says its flight schedule could be impacted for days as it scrambles to perform "a necessary inspection of a small section of 25 of our aircraft."
Spirit Airlines cancels flights due to ‘necessary' inspections
Spirit Airlines Inc SAVE, +1.26% on Friday had canceled dozens of flights due to what it said was a “necessary inspection of a small section” of some of its jets. According to flight-tracking service ...
Spirit Airlines cancels flights to perform 'necessary' inspection of aircraft
Spirit Airlines on Friday said it has canceled a portion of its scheduled flights to perform a "necessary" inspection of a small section" of 25 planes.