TipRanks (Tue, 7-May 9:03 AM ET)
TipRanks (Tue, 7-May 7:44 AM ET)
TipRanks (Tue, 7-May 5:31 AM ET)
Benzinga (Mon, 6-May 1:05 PM ET)
Spirit Airlines to furlough 260 pilots in September (update)
Seeking Alpha News (Mon, 6-May 10:57 AM ET)
Spirit Airlines to furlough 260 pilots in September
Seeking Alpha News (Mon, 6-May 10:57 AM ET)
Spirit Airlines' losses accelerate on aircraft issues, increased competition
Seeking Alpha News (Mon, 6-May 8:46 AM ET)
SAVE Earnings: Spirit Airlines Crumbles on Weak Q1 Numbers
TipRanks (Mon, 6-May 7:49 AM ET)
SAVE Earnings: Spirit Airlines Crumbles After Weak Q1 Numbers
TipRanks (Mon, 6-May 7:49 AM ET)
Options Volatility and Implied Earnings Moves Today, May 06, 2024
TipRanks (Mon, 6-May 7:05 AM ET)
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
Spirit Airlines trades on the NYSE stock market under the symbol SAVE.
As of May 10, 2024, SAVE stock price declined to $3.80 with 6,594,800 million shares trading.
SAVE has a beta of 0.13, meaning it tends to be less sensitive to market movements. SAVE has a correlation of 0.00 to the broad based SPY ETF.
SAVE has a market cap of $416.02 million. This is considered a Small Cap stock.
Last quarter Spirit Airlines reported $1 billion in Revenue and -$1.46 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.01.
In the last 3 years, SAVE stock traded as high as $37.19 and as low as $3.18.
The top ETF exchange traded funds that SAVE belongs to (by Net Assets): VTI, VB, IWM, VXF, VBR.
SAVE has underperformed the market in the last year with a return of -70.2%, while the SPY ETF gained +28.4%. In the last 3 month period, SAVE fell short of the market, returning -41.4%, while SPY returned +4.2%. However, in the most recent 2 weeks SAVE has outperformed the stock market by returning +7.3%, while SPY returned +3.4%.
SAVE support price is $3.63 and resistance is $4.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SAVE stock will trade within this expected range on the day.