|Bid||37.77 x 1100|
|Ask||38.02 x 800|
|Day's Range||37.67 - 38.38|
|52 Week Range||34.53 - 65.35|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||7.24|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.62|
Spirit Airlines (SAVE) is continuing its partnership with Honor Flight South Florida to serve as the organization’s official airline partner in 2020. In the next year, Spirit will once again operate four special Honor Flights from Fort Lauderdale-Hollywood International Airport to Baltimore-Washington International Airport for a memorable day in Washington, D.C. Approximately 340 veterans from the South Florida area will travel to visit the monuments built in their honor, all at no charge to the veterans. Honor Flight South Florida helps transport our nation’s oldest veterans, who served in WWII, as well as the conflicts in Korea and Vietnam. These heroes are given a chance to visit their memorials and feel the gratitude of their country.
With a whopping $80.6 million in revenue, it’s not a surprise to business travelers which of Raleigh-Durham International Airport’s routes is its top generator.
The increase in August passenger traffic at the likes of Alaska Air (ALK) and JetBlue (JBLU) highlight the strong demand for air travel.
Massive growth at Sea-tac Airport has not come without challenges for the Transportation Security Administration and its passenger screening as more than 70,000 people go through Sea-Tac security lines in a single day.
Trade tensions and other macroeconomic woes might mar FedEx's (FDX) Q1 results. However, strong e-commerce growth should partly offset this adversity.
Spirit Airlines will introduce a new seat design to all new aircraft builds, with installations set to begin in November and continue through 2020. Middle seats will also receive an extra inch of width, according to a statement from the Miramar-based discount airline (NYSE: SAVE). United Kingdom-based Acro Aircraft Seating designed the new seats and Spirit consulted with the Chartered Institute of Ergonomics and Human Factors, also based in the U.K. This change marks the next step in Spirit's focus on the customer experience, Bobby Schroeter, VP of sales and marketing, told the Business Journal.
With colder months approaching, there’s a route shakeup coming to Raleigh-Durham International Airport as airlines execute seasonal adjustments to their schedules – impacting services to places such as Austin, San Diego and Cancun.
A federal appeals court revived a lawsuit by Spirit Airlines passengers who said the low-cost carrier blindsided them by imposing unexpected carry-on bag fees on tickets bought through Cheapoair, Expedia, Priceline and Travelocity. The 2nd U.S. Circuit Court of Appeals in Manhattan said 22 passengers could sue for breach of contract because there was no evidence that Spirit promptly notified them about the fees, and there were "ambiguities" in the prices they would pay. Compared with many carriers, Spirit relies more on ancillary fees to offset the financial drag from lower base fares.
With Hurricane Dorian disrupting operations, low-cost carriers Spirit Airlines (SAVE) and JetBlue (JBLU) cut unit revenue projections for the third quarter of 2019.
The millions of travelers who passed through Tampa International Airport in the first seven months of this year favored the same handful of airlines.
Spirit Airlines (SAVE) is advancing its promise to invest in the Guest experience by unveiling new, more comfortable seats that provide additional usable legroom. According to ergonomics experts, these innovative enhancements allow for a wider range of healthy postures and movements, offering an additional two inches of usable legroom compared to industry-standard flatback seats with the same pitch. Spirit’s updated Big Front Seat™ will feature a new ergonomically-improved headrest with plush memory foam, additional memory foam in the seat cushion for comfort and thigh support, and sleek Spirit-branded aesthetic with yellow and black stitching.
Spirit Airlines was forced to cancel 768 flights because Hurricane Dorian, which reportedly cost the company approximately $25 million in revenue. The Miramar-based discount airline (NYSE: SAVE) revealed in a filing with the U.S. Securities and Exchange Commission (SEC) that it expects the storm will have a sizable effect on its total revenue per available seat mile (TRASM) estimate for the third quarter of 2019. Spirit initially expected TRASM to be down 1% to 2% for this quarter compared to last year, but now predicts the rate will decrease 2.5% to 3.5%.
Spirit Airlines Inc. shares fell 4.1% in Monday trading after the budget air carrier said it would take a $25 million third-quarter revenue hit from 768 flights it had to cancel due to Hurricane Dorian. The company now estimates that third-quarter total revenue per available seat mile (TRASM) will be down 2.5% to 3.5% year-over-year, versus previous guidance for a 1% to 2% decline. FactSet forecasts third-quarter earnings per share of $1.23, down from $1.47 last year, and revenue of $1.0 billion, up from $904.3 million in 2018. Spirit stock has fallen 38.6% for the year to date while the S&P 500 index is up 19.1% for the period.
Spirit Airlines on Monday touched a 52-week low $34.53 after Buckingham Research Group downgraded the stock to neutral from buy, saying revenue challenges are "set to worsen." Analyst Daniel McKenzie also cut the ultra-low-cost carrier's stock to $41 from $69.
Six months after Spirit Airlines launched its first seven services out of Raleigh-Durham International Airport, the carrier is already exploring new nonstop destination possibilities.
Flight cancellations have been a big problem for Spirit Airlines all spring and summer, so a big, slow-moving hurricane was the last thing it needed to close out Labor Day weekend.
A regional airline under the Delta Air Lines umbrella is bringing a “maintenance base” to the Triangle to support Raleigh Durham International Airport. The news, confirmed by Delta spokeswoman Catherine Simmons, comes as Delta restructures its carrier relationships, putting more emphasis on Endeavor Air – which the Atlanta-based airline already owns. As part of the restructuring, Delta is moving from five to three regional carriers – shifting much of the local passenger burden to Endeavor, she says.
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...