SAVE - Spirit Airlines, Inc.
Chart Events
Gap Down
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 10.51 |
| Open | 11.49 |
| Bid | 10.50 x 800 |
| Ask | 10.49 x 1100 |
| Day's Range | 10.33 - 11.77 |
| 52 Week Range | 7.01 - 58.55 |
| Volume | 7,951,435 |
| Avg. Volume | 3,389,955 |
| Market Cap | 716.724M |
| Beta (5Y Monthly) | 1.30 |
| PE Ratio (TTM) | 2.14 |
| EPS (TTM) | 4.89 |
| Earnings Date | Apr 21, 2020 - Apr 26, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 27.83 |
Fair Value
Related Research
- MarketWatch
American Airlines suffers double downgrade at J.P. Morgan, price target withdrawn
Shares of American Airlines Group Inc. bounced Monday off a record closing low, but underperformed the big rally in the broader stock market, after J.P. Morgan analyst Jamie Baker swung to bearish from bullish, saying new expectations of a drawn-out post-COVID-19 recovery with such high debt levels implies a “negative” equity value.
- American City Business Journals
These 97 airline routes to and from the region are suspended. Here's when they may resume.
The airport has been operating at only a fraction of capacity as most travel in the country is shut down due to the coronavirus outbreak.
- Barrons.com
Here Are the Airline Stocks to Buy and the Ones to Avoid, J.P. Morgan Says
If you are looking for gains in airline stocks, stick with high-quality companies, such as Delta and United, and avoid American and Spirit, analyst says.
- Zacks
Coronavirus-Hit Delta Expects 90% Decline in Q2 Revenues
With persistent slump in passenger volumes and revenues, Delta (DAL) anticipates the second quarter to be worse than the first.
- Reuters
United slashes New York-area flights due to coronavirus
United said starting Sunday it will go from 157 daily flights total at Newark and New York LaGuardia to just 17. Newark, the airline's hub in the New York area, will drop from 139 daily flights to 62 destinations to 15 flights a day to nine destinations, while LaGuardia will go from 18 to 2 flights a day.
- Zacks
Airline Stock Roundup: AAL to Apply for Coronavirus-Induced Aid, LUV in Focus
Due to dried-up air-travel demand, airlines like Southwest Airlines (LUV) and Delta Air Lines (DAL) are offering cargo charter services on passenger planes.
- Barrons.com
Airline Stocks Steady as Southwest and American Say They Will Seek Federal Aid
The industry appears to be chafing at some of the government’s conditions for aid. But air carriers may not have much choice.
- Zacks
Spirit (SAVE) to Cancel Flights to 3 States on CDC Warning
Spirit (SAVE) to suspend flights to the airports of New York LaGuardia, Newark, Hartford, Niagara Falls and Plattsburgh at least through May 4.
- American City Business Journals
Can’t get there from here: COVID-19 suspends flying on 68 MSP routes
MSP is still operating 155 routes in April, but that number is reduced by more than 30 percent from April 2019, when the airport was served by 223 routes.
- Zacks
Should Value Investors Buy Spirit (SAVE) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks
SAVE vs. ALK: Which Stock Should Value Investors Buy Now?
SAVE vs. ALK: Which Stock Is the Better Value Option?
- Zacks
Wabtec Strong on Revenues Amid High Operating Expenses
Wabtec's (WAB) high operating expenses and debt levels are worrisome. However, the expanded product portfolio due to its merger with GE Transportation bodes well.
- TheStreet.com
Spirit Cancels New York, New Jersey, Connecticut Flights After Travel Warning
Spirit Airlines is temporarily suspending all flights to and from New York, New Jersey and Connecticut.
- Reuters
Spirit cancels New York, Connecticut, New Jersey flights after CDC warning
Low-cost U.S. carrier Spirit Airlines Inc said on Monday it will cancel all flights to and from New York, Connecticut and New Jersey after U.S. officials warned against travel to the area because of the COVID-19 pandemic. Spirit, which appeared to be the first major U.S. carrier to cancel all flights to the so-called tri-state region, said it was responding to this weekend's Centers for Disease Control and Prevention advisory warning against all non-essential travel to and from the area. Spirit said it will suspend service to the airports it serves in the region - New York LaGuardia, Newark, Hartford, Niagara Falls and Plattsburgh - through at least May 4.
- MarketWatch
Coronavirus update: 755,591 cases world-wide, 36,211 deaths; Italy, Spain and New York City struggle to cope
The number of cases of COVID-19, the illness created by the novel coronavirus, continued to climb on Monday, with the U.S. tally nearing 145,000 as President Donald Trump extended social restrictions until at least the end of April.
- MarketWatch
Spirit Airlines adopts 'poison pill,' to be exercisable if an investor acquires 10% of the shares outstanding
Shares of Spirit Airlines Inc. tumbled 10% in premarket trading Monday, after the discount air carrier said it adopted a shareholder rights plan, also known as a "poison pill," to help block any person or group of investors from taking advantage of the sharp drop in equity prices to take control of the discount airline. The air carrier said given the coronavirus pandemic's impact on the airline industry, the stock has fallen 63% below the peak prior to the recent decline. The rights plan would become exercisable if a person or investor group acquired 10% or more of the shares outstanding. "The adoption of the Rights Agreement is intended to enable all Spirit stockholders to realize the full potential value of their investment in the company and to protect the interests of the company and its stockholders by reducing the likelihood that any person or group gains control of Spirit through open market accumulation or other tactics (especially in current volatile markets) without paying an appropriate control premium," the company said in a statement. The stock has lost 48% over the past month through Friday, while the S&P 500 has lost 14%.
- GlobeNewswire
Spirit Airlines Adopts Limited Duration Stockholder Rights Agreement
Spirit Airlines, Inc. (SAVE) announced today that its Board of Directors has approved the adoption of a limited duration stockholder rights agreement (the “Rights Agreement”) and declared a dividend distribution of one right (“Right”) for each outstanding share of common stock outstanding as of the record date. The Rights Agreement expires, without any further action being required to be taken by the Spirit Board of Directors, on March 29, 2021. “The COVID-19 pandemic has led to unprecedented disruption for the global airline industry,” said Ted Christie, Spirit Airlines President & CEO.
- Insider Monkey
These Hedge Funds Piled Into Spirit Airlines Incorporated (SAVE) At The Wrong Time
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]
- MarketWatch
These are the 20 stocks corporate insiders have been buying most amid the coronavirus-induced market selloff
Company executives have been heavily buying all the areas that will supposedly get hit the hardest by coronavirus and COVID-19.
- American City Business Journals
Why RDU isn't immune to the shrinking airline industry
Quietly, airport concessionaire HMS Host disclosed more than 800 layoffs at Charlotte Douglas International Airport this week, a response to the dramatic drop in passenger traffic due to the coronavirus pandemic. William Swelbar, chief industry strategist of Delta Airport Consultants, says RDU is not immune to these kinds of layoff disclosures. Raleigh, Swelbar notes, has had significant growth when it comes to ultra-low-cost carriers such as Frontier Airlines, Spirit Airlines and Allegiant Air.
Yahoo Finance VideoCoronavirus: Delta prepares for possible 90% Q2 rev drop; JetBlue loses $10M per day
Airlines are feeling the pressure of the coronavirus as many carriers reduce flights to NYC, one of the hotspots for the outbreak. Yahoo Finance’s Emily McCormick joins Seana Smith to discuss.
Yahoo Finance VideoAirlines make changes as coronavirus hits bottom line
Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Adam Shapiro discuss how the airlines are faring amid the coronavirus outbreak.
Yahoo Finance VideoAssoc of Flight Attendants Pres.: We're looking at job losses as steep 90% in the industry
President of the Association of Flight Attendants-CWA Sara Nelson joins Yahoo Finance’s Zack Guzman to discuss the outlook on the airline industry and how workers are coping amid the coronavirus pandemic.
Yahoo Finance VideoLawmakers call on airlines to refund customers as coronavirus cancellations rise
Lawmakers are calling for airlines to refund customers for coronavirus-related cancellations. Atmosphere Research Travel Industry Analyst and President Henry Harteveldt joins Yahoo Finance’s Zack Guzman to discuss.
Yahoo Finance VideoAbout 75 million jobs in the travel and tourism industry' are at risk: CBS News Travel Editor
Peter Greenberg, CBS News Travel Editor, joins On The Move to discuss how the travel industry has been impacted by the coronavirus outbreak.
