SAVE - Spirit Airlines, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
12.51
+2.34 (+23.01%)
At close: 4:00PM EDT

14.38 +2.07 (16.82%)
Pre-market: 8:26AM EDT

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Previous close10.17
Open11.53
Bid14.32 x 1400
Ask14.27 x 3000
Day's range11.26 - 12.59
52-week range7.01 - 55.21
Volume44,012,566
Avg. volume10,347,669
Market cap1.109B
Beta (5Y monthly)1.33
PE ratio (TTM)3.42
EPS (TTM)3.66
Earnings date22 Jul 2020 - 27 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est21.00
  • Why Airline Stocks Are Flying Higher Today
    Motley Fool

    Why Airline Stocks Are Flying Higher Today

    Airline stocks are rocketing higher on Tuesday morning, joining in a broader market rally as investors celebrate signs economic activity is returning to normal and promising developments in the race for the COVID-19 vaccine. Shares of Spirit Airlines (NYSE: SAVE) led the way, up more than 14% as of 10 a.m. EDT, with shares of Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Hawaiian Holdings (NASDAQ: HA) all up double digits.

  • Why Airline Shares Are Soaring Today
    Motley Fool

    Why Airline Shares Are Soaring Today

    What happened We've been saying for weeks now that airlines, thanks in part to a government cash infusion, are in no immediate danger of liquidity issues, but the industry needs traffic to normalize in the months to come to avoid dire consequences.

  • Is It Safe to Buy Airline Stocks Right Now?
    Motley Fool

    Is It Safe to Buy Airline Stocks Right Now?

    Airlines have been hit hard by the COVID-19 pandemic, sending stocks crashing down and causing Warren Buffett to run for the emergency exits. During a May 12 television interview, CEO David Calhoun said a "major U.S. carrier" will "most likely" go out of business this year, predicting an extended decline in travel.

  • Spirit Airlines: This Fallen Airline Stock Is Down but Not Out
    Motley Fool

    Spirit Airlines: This Fallen Airline Stock Is Down but Not Out

    Over the past decade, this budget airline's stock price soared from $12 to $85, then sank back below $10. Yet while its near-term outlook is bleak, its long-term potential is substantial.

  • Why Shares of United Airlines Fell Today
    Motley Fool

    Why Shares of United Airlines Fell Today

    Shares of United Airlines Holdings (NASDAQ: UAL) closed down more than 3% on Thursday and were down 12% earlier in the trading session, as the carrier's troubles continue to mount. It was a down day for most of the airlines, but United continues to underperform. It's been a rough week for United shareholders.

  • Why Airline Shares Are Falling Today
    Motley Fool

    Why Airline Shares Are Falling Today

    Airline shares were under pressure again on Wednesday following comments from Federal Reserve Chairman Jerome Powell forecasting a long post-COVID-19 recovery that could "leave behind lasting damage" to the economy. The airlines need a quick economic rebound to avoid financial distress, and Powell's comments provided new reason for investors to worry about the viability of airline shares. As of 12:30 p.m. EDT, shares of Spirit Airlines (NYSE: SAVE) were down 14%, shares of United Airlines Holdings (NASDAQ: UAL) were off 9.8%, and shares of Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) were all down more than 5% apiece.

  • Airline Stock Roundup: JBLU & SAVE Post Q1 Loss, CPA, SKYW, ALGT in Focus
    Zacks

    Airline Stock Roundup: JBLU & SAVE Post Q1 Loss, CPA, SKYW, ALGT in Focus

    Shrinking passenger revenues ail the Q1 earnings performance of carriers like JetBlue (JBLU) and Spirit Airlines (SAVE).

  • Are Options Traders Betting on a Big Move in Spirit Airlines (SAVE) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in Spirit Airlines (SAVE) Stock?

    Investors need to pay close attention to Spirit Airlines (SAVE) stock based on the movements in the options market lately.

  • GlobeNewswire

    Spirit Airlines Announces Pricing of Offerings of Common Stock and 4.75% Convertible Senior Notes Due 2025

    The size of the Common Stock Offering was increased from the previously announced 12,000,000 shares of common stock of Spirit, and the aggregate principal amount of the Convertible Notes Offering was increased from the previously announced $150,000,000. The net proceeds to Spirit from the Common Stock Offering and the Convertible Notes Offering, after deducting underwriting discounts and other offering expenses, are expected to be approximately $335,575,000.

  • Spirit Airlines Inc (SAVE) Q1 2020 Earnings Call Transcript
    Motley Fool

    Spirit Airlines Inc (SAVE) Q1 2020 Earnings Call Transcript

    SAVE earnings call for the period ending March 31, 2020.

  • Why Shares of Spirit Airlines Are Falling Today
    Motley Fool

    Why Shares of Spirit Airlines Are Falling Today

    Shares of Spirit Airlines (NYSE: SAVE) were down 13% on Thursday morning after the discount airline posted a first-quarter loss and announced it was raising fresh liquidity via a stock and convertible bond offering. After markets closed Wednesday, Spirit reported a first-quarter loss of $0.86 per share on revenue of $771.1 million, falling short of the consensus estimate for a loss of $0.62 per share on sales of $810 million. Spirit also said it has commenced an underwritten public offering of 12 million shares as well as $150 million in convertible notes due in 2025, with the underwriters having the option to purchase up to 1.8 million additional shares and up to $22.5 million in additional convertible notes if demand for the offerings is strong.

  • Spirit Airlines Posts First Quarter Loss, Files to Raise Fresh Liquidity
    Motley Fool

    Spirit Airlines Posts First Quarter Loss, Files to Raise Fresh Liquidity

    Spirit Airlines (NYSE: SAVE) said late Wednesday that it intends to raise about $130 million in a secondary stock sale and another $150 million via a convertible note offering, the latest airline to move to boost its liquidity in the face of a COVID-19-induced travel slowdown. Spirit has commenced an underwritten public offering of 12 million shares as well as $150 million in convertible notes due in 2025. Spirit and other airlines have seen travel demand fall to near zero due to the pandemic, and the industry does not expect a quick rebound once the virus is contained.

  • Spirit (SAVE) Q1 Loss Wider Than Expected, Stock Takes a Hit
    Zacks

    Spirit (SAVE) Q1 Loss Wider Than Expected, Stock Takes a Hit

    Significant decline in both domestic and international air travel demand weighed on Spirit's (SAVE) Q1 performance.

  • Spirit (SAVE) Reports Q1 Loss, Lags Revenue Estimates
    Zacks

    Spirit (SAVE) Reports Q1 Loss, Lags Revenue Estimates

    Spirit (SAVE) delivered earnings and revenue surprises of -43.33% and -9.16%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press

    Spirit: 1Q Earnings Snapshot

    MIRAMAR, Fla. (AP) _ Spirit Airlines Inc. (SAVE) on Wednesday reported a first-quarter loss of $27.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Miramar, Florida-based company said it had a loss of 41 cents. The results fell short of Wall Street expectations.

  • GlobeNewswire

    Spirit Airlines Announces Offerings Of Common Stock And Convertible Senior Notes Due 2025

    Spirit Airlines, Inc. (SAVE)(“Spirit”) ”) today announced that it has commenced an underwritten public offering of 12,000,000 shares of its common stock (the “Common Stock Offering”) and an underwritten public offering of $150,000,000 aggregate principal amount of convertible senior notes due 2025 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters a 30-day option to purchase up to 1,800,000 additional shares of common stock in the Common Stock Offering and a 30-day option to purchase up to $22,500,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.

  • GlobeNewswire

    Spirit Airlines Reports First Quarter 2020 Results

    MIRAMAR, Fla., May 06, 2020 -- Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2020 financial results.  These results reflect the adverse impact of the material.

  • GlobeNewswire

    Spirit Airlines Announces New Face Covering Requirements

    Spirit Airlines (SAVE) today announced its newest safety measure to protect Team Members and Guests against COVID-19. Effective May 11, all Guests will be required to wear appropriate masks or face coverings over the nose and mouth to better align with the CDC recommendations about cloth face coverings in public settings. Spirit will also require all Guest-facing Team Members to wear face coverings.

  • Earnings Preview: Spirit (SAVE) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Spirit (SAVE) Q1 Earnings Expected to Decline

    Spirit (SAVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • JetBlue, Delta seek U.S. OK to suspend flights to 25 U.S. airports
    Reuters

    JetBlue, Delta seek U.S. OK to suspend flights to 25 U.S. airports

    Delta Air Lines , JetBlue Airways Corp and Spirit Airlines on Tuesday asked the U.S. Transportation Department for approval to suspend flights to more than two dozen U.S. airports. JetBlue wants to halt flights to 16 U.S. airports, including Chicago, Atlanta, Houston, Seattle, Las Vegas, Philadelphia, Dallas and Detroit through Sept. 30. Delta wants to suspend flights to nine airports including Lansing, Flint and Kalamazoo in Michigan, and Worcester, Massachusetts, Hilton Head, South Carolina, Pocatello, Idaho, Brunswick, Georgia and Melbourne, Florida.

  • Spirit (SAVE) Gains But Lags Market: What You Should Know
    Zacks

    Spirit (SAVE) Gains But Lags Market: What You Should Know

    In the latest trading session, Spirit (SAVE) closed at $12.25, marking a +0.78% move from the previous day.

  • GlobeNewswire

    Spirit Airlines Expands Efforts to Bring Americans Home with More Humanitarian Flights from Caribbean and Latin America

    Images and video of Spirit’s humanitarian flights can be found HERE MIRAMAR, Fla., April 15, 2020 -- More than 1,300 people who were struggling to return to the United States.