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SAVE Jan 2025 2.000 call

OPR - OPR Delayed price. Currency in USD
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1.84000.0000 (0.00%)
At close: 12:03PM EDT
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Previous close1.8400
Open1.8400
Bid1.0100
Ask2.1500
Strike2.00
Expiry date2025-01-17
Day's range1.8400 - 1.8400
Contract rangeN/A
Volume2
Open interest30
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    Travel demand is projected to hit a record high this summer based on earnings forecasts. However, the ongoing issues facing Boeing (BA) are preventing airlines from accessing new planes, stunting growth amid high demand. Peter McNally, Third Bridge Global's head of industrials, materials, and energy sector, and George Ferguson, Bloomberg Intelligence senior aerospace defense and airlines industry analyst, join Market Domination to discuss the state of the airline industry as the summer travel season heats up. "Capacity is growing; it's just not growing as fast as the airlines hope. And you've got companies like United (UAL) who've got very ambitious targets out to 2026 that they've had to temper that a bit... It doesn't seem like Boeing's problems are going to be sorted anytime soon, and it's not like Airbus (AIR.PA) can go any faster than they already are," McNally explains. Ferguson states that the record travel is due to airlines putting up record schedules, adding, "Thank God they can't get all those airplanes because they crushed margins even more." McNally points to labor costs making airlines less profitable than they were pre-pandemic and believes that Delta Air Lines (DAL) is among those handling the issue best: "The unappreciated asset that Delta has is their tech ops business that allows them to do their own maintenance, repair, and overhaul." Ferguson adds that retirements in the industry will peak in 2026 and 2027, which could cause a pilot shortage. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written and updated by Melanie Riehl

  • Reuters

    Spirit Airlines not considering Chapter 11 bankruptcy

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  • Zacks

    Here's Why Investors Should Hold on to Spirit Airlines (SAVE)

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