MARKET COMPOSITE
SAVE - Spirit Airlines Inc8:00:02 PM 5/3/2024
Price
$3.71
+ 0.03 (0.82%)
Spirit Airlines, Inc. is an American ultra-low-cost carrier headquartered in Miramar, Florida in the Miami metropolitan area. It is the eighth largest commercial airline in North America. Spirit operates scheduled flights throughout the United States and in the Caribbean and Latin America. The airline operates bases at Atlantic City, Baltimore, Chicago–O'Hare, Dallas/Fort Worth, Detroit, Fort Lauderdale, Las Vegas, and Orlando. The company's slogan is Less Money, More Go., formerly Catch the Spirit! The company initially started as Clippert Trucking Company in 1964. The company changed its name to Ground Air Transfer, Inc., in 1974. The airline service was founded in 1983 in Macomb County, Michigan, by Ned Homfeld as Charter One, a Detroit-based charter tour operator providing travel packages to entertainment destinations such as Atlantic City, Las Vegas, and the Bahamas. In 1990, Charter One began scheduled service from Boston and Providence, Rhode Island, to Atlantic City. On May 29, 1992, Charter One brought jet aircraft into the fleet and changed its name to Spirit Airlines. Scheduled flights between Detroit and Atlantic City began on June 1, 1992. Scheduled flights between Boston and Providence began on June 15, 1992.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1.3B+5%
Operating Income-214.8MM+14%
Operating Expenses1.5B-
Net Income-183.7MM+17%
Marketing45.9MM-1%
Compensation415.7MM+3%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    High fuel costs are likely to have hurt Spirit Airlines' (SAVE) bottom-line performance in Q1.

    Spirit Airlines' (NYSE: SAVE) commitment to providing the best value in the sky was recognized in WalletHub's 'Best Airlines' (2024) report, earning the carrier a top ranking for safety and affordability. WalletHub compared the nine largest U.S. airlines and one regional carrier across 13 important metrics using 2023 data from the U.S. Department of Transportation.

    Sit down for this one, Southwest Airlines travelers: The airline carrier with a distinct seating policy has suggested it’s rethinking its approach.

    JetBlue lowered its 2024 outlook in a setback toward profitability.

    MIAMI, April 23, 2024--TA Connections advanced camera scanning technology has transformed the baggage ramp for Spirit Airlines Service Agents.

    A lot of well-known blue-chip stocks that previously dominated their respective industries are struggling this year. One need only look at the year-to-date performance of the benchmark S&P 500 index to see many notable names deep in the red so far in 2024. Companies such as Nike (NYSE:NKE), Starbucks (NASDAQ:SBUX), and Intel (NASDAQ:INTC), just to name a few, continue to slide lower. The situation has only gotten worse as the entire market declines to start the year’s second quarter. While conce

    United Airlines' (UAL) Q1 results benefit from strong air travel demand. Allegiant Travel's (ALGT) flight attendants become eligible for a huge pay raise.

    Spirit Airlines (NYSE: SAVE) today celebrated the official opening of Spirit Central, its new corporate campus at Dania Pointe in Dania Beach, Florida. The campus spans more than 11 acres and features four buildings, including a support center with offices, an amenity building, a new crew training facility built for hands-on experience in flight simulators, and a corporate housing facility. Additionally, the campus also includes dedicated parking garages for Spirit Team Members. The new Spirit C

    Is Spirit Airlines Stock a Buy?04-18-2024 12:10:00 PM

    This troubled airline enterprise might be catching the attention of deep-value investors.

    5 Stocks to Sell Immediately04-16-2024 19:16:21 PM

    Last week, I recommended “5 Stocks to Buy as Interest Rates Begin to Fall.” Declining borrowing costs looked set to turn these loss-making firms profitable again – a historically bullish sign for stocks. The five companies also had strong underlying businesses; their lack of profitability was from financing issues, not operational ones. An unexpectedly hot March inflation report this past week now pushes their turnarounds back several months. Shares of one pick – Opendoor Technologies (NASDAQ:OP