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Spirit Airlines (SAVE) Company Overview

Profile

Full Name:

Spirit Airlines, Inc.

Industry:

Airlines

Country:

United States

IPO:

May 26, 2011

Indexes:

Not included

Description:

Spirit Airlines, Inc. is an airline that provides low-cost air transportation services. The company was founded in 1964 as Clippert Trucking Company, but in 1992 it changed its name to Spirit Airlines, Inc. The company is headquartered in Miramar, Florida. Spirit Airlines offers customers segmented basic fares, allowing them to save money by only paying for the options they choose, such as checked baggage and carry-on bags, seat assignments, priority boarding, and refreshments. The company operates around 600 daily flights to 77 destinations in the United States, the Caribbean, and Latin America.

Key Details

Price

$0.50

Annual Revenue

$5.36 B(+5.80% YoY)

Annual EPS

-$4.10(+19.61% YoY)

Annual ROE

-33.07%

Beta

1.95

Events Calendar

Earnings

Next earnings date:

Feb 7, 2025

Recent quarterly earnings:

Aug 1, 2024

Recent annual earnings:

Feb 7, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Feb 22, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Nov 14, 24 Barclays
Underweight
Nov 13, 24 TD Cowen
Sell
Oct 9, 24 Susquehanna
Negative
Aug 16, 24 Susquehanna
Negative
Jul 23, 24 Citigroup
Sell
Jul 17, 24 TD Cowen
Sell
Jul 17, 24 B of A Securities
Underperform
Jul 16, 24 Susquehanna
Negative
Jul 11, 24 Barclays
Underweight
Jul 8, 24 Deutsche Bank
Sell

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Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
SAVE
nypost.comJanuary 16, 2025

Spirit Airlines is laying off approximately 200 employees as part of an effort to reduce expenses as the company looks to emerge from bankruptcy, the company said. The airline's top executive, CEO Ted Christie, informed employees of the job cuts on Wednesday evening.

What went wrong for Spirit Airlines?
What went wrong for Spirit Airlines?
What went wrong for Spirit Airlines?
SAVE
cnbc.comJanuary 5, 2025

Spirit Airlines hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020. It filed for bankruptcy protection in November.

Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy
Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy
Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy
SAVE
reuters.comNovember 19, 2024

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.

NYSE to Commence Delisting Proceedings Against Spirit Airlines, Inc. (SAVE)
NYSE to Commence Delisting Proceedings Against Spirit Airlines, Inc. (SAVE)
NYSE to Commence Delisting Proceedings Against Spirit Airlines, Inc. (SAVE)
SAVE
businesswire.comNovember 18, 2024

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 Spirit Airlines, Inc. (the “Company”) — ticker symbol SAVE — from the NYSE. Trading in the Company's common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Co.

Spirit Airlines Files for Bankruptcy, Bondholders to Take Over
Spirit Airlines Files for Bankruptcy, Bondholders to Take Over
Spirit Airlines Files for Bankruptcy, Bondholders to Take Over
SAVE
youtube.comNovember 18, 2024

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.

Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through
Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through
Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through
SAVE
marketwatch.comNovember 18, 2024

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.

Spirit Airlines files for bankruptcy under creditor-backed restructuring
Spirit Airlines files for bankruptcy under creditor-backed restructuring
Spirit Airlines files for bankruptcy under creditor-backed restructuring
SAVE
proactiveinvestors.comNovember 18, 2024

Spirit Airlines Inc has filed for bankruptcy protection under a bondholder-backed restructuring plan aimed at slashing debt. Under the pre-agreed deal, unveiled on Monday, bondholders will provide $300 million in debtor-in-possession financing before Spirit exits bankruptcy early next year.

Budget Carrier Spirit Airlines Files for Bankruptcy
Budget Carrier Spirit Airlines Files for Bankruptcy
Budget Carrier Spirit Airlines Files for Bankruptcy
SAVE
investopedia.comNovember 18, 2024

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 Airlines Files for Bankruptcy. What It Means for Flights.
Spirit Airlines Files for Bankruptcy. What It Means for Flights.
SAVE
barrons.comNovember 18, 2024

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
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
SAVE
nypost.comNovember 18, 2024

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.

FAQ

  • What is the ticker symbol for Spirit Airlines?
  • Does Spirit Airlines pay dividends?
  • What sector is Spirit Airlines in?
  • What industry is Spirit Airlines in?
  • What country is Spirit Airlines based in?
  • When did Spirit Airlines go public?
  • Is Spirit Airlines in the S&P 500?
  • Is Spirit Airlines in the NASDAQ 100?
  • Is Spirit Airlines in the Dow Jones?
  • When was Spirit Airlines's last earnings report?
  • When does Spirit Airlines report earnings?
  • Should I buy Spirit Airlines stock now?

What is the ticker symbol for Spirit Airlines?

The ticker symbol for Spirit Airlines is NYSE:SAVE

Does Spirit Airlines pay dividends?

Yes, Spirit Airlines pays dividends. The last payment was $0.10, with an ex-dividend date on February 22, 2024

What sector is Spirit Airlines in?

Spirit Airlines is in the Industrials sector

What industry is Spirit Airlines in?

Spirit Airlines is in the Airlines industry

What country is Spirit Airlines based in?

Spirit Airlines is headquartered in United States

When did Spirit Airlines go public?

Spirit Airlines's initial public offering (IPO) was on May 26, 2011

Is Spirit Airlines in the S&P 500?

No, Spirit Airlines is not included in the S&P 500 index

Is Spirit Airlines in the NASDAQ 100?

No, Spirit Airlines is not included in the NASDAQ 100 index

Is Spirit Airlines in the Dow Jones?

No, Spirit Airlines is not included in the Dow Jones index

When was Spirit Airlines's last earnings report?

Spirit Airlines's most recent earnings report was on Aug 1, 2024

When does Spirit Airlines report earnings?

The next expected earnings date for Spirit Airlines is Feb 7, 2025

Should I buy Spirit Airlines stock now?

As of today, analysts generally recommend a 'Sell' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions