View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSpirit Airlines 将来の成長Future 基準チェック /06Spirit Airlinesの収益は成長。EPSは成長すると95.3%年率で予測されます。主要情報n/a収益成長率95.34%EPS成長率Airlines 収益成長14.5%収益成長率2.7%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日06 Jan 2025今後の成長に関する最新情報Price Target Changed • Nov 13Price target decreased by 12% to US$1.79Down from US$2.04, the current price target is an average from 7 analysts. New target price is 36% above last closing price of US$1.31. Stock is down 88% over the past year. The company is forecast to post a net loss per share of US$7.04 next year compared to a net loss per share of US$4.10 last year.お知らせ • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.Price Target Changed • Aug 18Price target decreased by 7.5% to US$2.43Down from US$2.63, the current price target is an average from 7 analysts. New target price is 13% below last closing price of US$2.79. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$7.66 next year compared to a net loss per share of US$4.10 last year.Major Estimate Revision • Aug 08Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.22b to US$4.97b. Losses expected to increase from US$5.48 per share to US$7.49. Airlines industry in the US expected to see average net income growth of 20% next year. Consensus price target down from US$2.63 to US$2.46. Share price fell 12% to US$2.64 over the past week.Major Estimate Revision • Jul 17Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.41b to US$5.28b. Losses expected to increase from US$4.16 per share to US$5.09. Airlines industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$3.68 to US$3.34. Share price fell 7.5% to US$2.82 over the past week.Price Target Changed • Jul 10Price target decreased by 8.5% to US$3.57Down from US$3.90, the current price target is an average from 9 analysts. New target price is 17% above last closing price of US$3.05. Stock is down 84% over the past year. The company is forecast to post a net loss per share of US$4.16 next year compared to a net loss per share of US$4.10 last year.すべての更新を表示Recent updatesお知らせ • Mar 13+ 1 more updateSpirit Airlines, Inc. Deleted from OTC EquitySpirit Airlines, Inc. has been deleted from OTC Equity effective March 12, 2025, due to Bankruptcy Plan Effective /Shares Cancelled.お知らせ • Mar 06+ 1 more updateSpirit Airlines Announces New Service At Columbia Metropolitan Airport Starting June 2025Spirit Airlines announced that it will touch down in the heart of South Carolina this June with new, high-value service at Columbia Metropolitan Airport (CAE). The carrier will offer nonstop service to Fort Lauderdale-Hollywood International Airport (FLL) and the only nonstop flights to Newark Liberty International Airport (EWR) and Orlando International Airport (MCO), the airport nearest to Orlando's major theme parks and attractions. Spirit's all-Airbus fleet will take off from CAE for the first time on June 5, with travel options ranging from premium to economical. Spirit Airlines Columbia (CAE) Service: Destination: Flights Available: Launch Date: Introductory Fare: Fort Lauderdale (FLL): 3x Weekly; June 6, 2025; Starting at 50 one way. Newark (EWR): 4x Weekly; June 5, 2025; Starting at 50 one way. Orlando (MCO): 3x Weekly; June 5, 2025; Starting at 50* one way. The airline first launched its South Carolina service at Myrtle Beach (MYR) more than 25 years ago and later added Charleston (CHS) to its route map in 2023. Introductory Fare: Guests traveling between Columbia (CAE) and Fort Lauderdale (FLL), Newark (EWR) and Orlando (MCO) can take advantage of an introductory fare starting at $50 one-way for travel from June 5 through Aug. 12, 2025. Must be purchased 14 days in advance to be eligible. These special introductory fares are available for purchase through March 20, 2025. Spirit's Enhanced Guest Experience: Columbia Guests can enjoy Spirit's recent transformation and new travel options, which provide an elevated and more seamless experience no matter the destination. The four new travel options include: Go Big to get enhanced comfort with a Big Front Seat®, a carry-on and first checked bag, no change or cancel fees, Priority Check-in and Boarding, complimentary snacks and drinks, including alcoholic beverages and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with no one in the middle, a carry-on bag, no change or cancel fees, priority boarding, a small snack and non-alcoholic beverage. Go Savvy to get a standard seat selection, carry-on bag and no change or cancel fees. Go to keep it simple with no extras. Standard seat selection, checked bags and other options can be purchased separately.お知らせ • Feb 12Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submitted the proposal to acquire Spirit Airlines, Inc. on February 4, 2025. Under the terms of the New Proposal, which was subject to various conditions, Spirit’s stakeholders would receive $400 million principal amount of second-lien debt issued by Frontier and 19.0% of Frontier’s common equity following the proposed combination. The New Proposal would not require the Company to complete its previously announced $350 million equity rights offering, and required a waiver of the Bankruptcy Court-approved $35 million termination fee that would otherwise be owed under the Backstop Commitment Agreement, dated Nov. 18, 2024, by and among the Company and the other stakeholders party thereto (the “Backstop Commitment Agreement”). Notably, the New Proposal did not address certain material risks and issues previously identified by the Company, including that the New Proposal would deliver less in value to the Company’s stakeholders than contemplated by the Company’s existing plan of reorganization, is uncertain as to timing and completion, would result in extended and materially more costly and uncertain chapter 11 proceedings, and has uncertainties with regard to needed regulatory and court approvals. The Company’s management and Board of Directors, consistent with their fiduciary duties, carefully reviewed the New Proposal in consultation with the Company’s external legal and financial advisors. Akin Gump Strauss Hauer & Feld LLP is acting as legal counsel and Evercore is acting as financial advisor to the ad hoc group of loyalty noteholders. Paul Hastings LLP is acting as legal counsel and Ducera Partners LLC is acting as financial advisor to the convertible bondholders. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. on February 11, 2025.お知らせ • Jan 30Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submit a proposal to acquire Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion on January 7, 2025. The consideration consists of $1.76 billion common equity of Frontier Group Holdings, Inc. to be issued for common equity of Spirit Airlines, Inc. Frontier will issue $400 million principal amount of debt by Frontier and 19.0% of Frontier’s common equity at the closing of the transaction, to be distributed to the Holders of Senior Secured Notes, 2025 Convertible Notes, 2026 Convertible Notes and Existing Interests. Frontier Board of Directors has unanimously approved our Proposal. Evercore Group L.L.C. is acting as financial advisor to the ad hoc group of Holders of Senior Secured Notes of Spirit Airlines. Frontier has retained Citigroup Global Markets, Inc. as its financial advisor for this transaction and Latham & Watkins LLP as its legal counsel. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) on January 28, 2025. Spirit Airlines board of directors rejected the proposal.お知らせ • Dec 19Final DIP Financing Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave an order to Spirit Airlines, Inc. to obtain DIP financing on a final basis on December 18, 2024. As per the order, the debtor has been authorized to obtain a term loan facility in the amount of $300 million Wilmington Savings Fund Society, FSB acting as the administrative agent. The DIP loan would either carry an interest rate of DIP Loans and DIP Notes will bear interest at a rate per annum equal to (a) Term SOFR plus 7.00% per annum or (b) Alternate Base Rate plus 6.00% per annum. Interest shall be payable in cash. Interest shall be calculated on the basis of the actual number of days elapsed in a 360-day year. Interest shall be payable in arrears on the last Business Day of each month, regardless of whether interest accrues based on Term SOFR or the Alternate Base Rate., along with an additional 2% p.a. interest in the event of default. The DIP facility would mature either on 12 months after the petition date, i.e. November 18, 2025, or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.05 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral.お知らせ • Dec 18Combined Hearing for Disclosure Statement and Joint Plan Approved on Interim Basis for Spirit Airlines, Inc.The US Bankruptcy Court approved the combined hearing to consider approval of disclosure statement and joint plan of Spirit Airlines, Inc. and interim approval of disclosure statement on December 17, 2024. The debtor had filed its disclosure statement and joint plan in the Court on December 17, 2024. The voting record date is December 10, 2024. The deadline to vote on the plan is January 21, 2025. Any objections to the plan should be made before January 21, 2025, and the confirmation hearing for the plan and disclosure statement has been scheduled for January 29, 2025.お知らせ • Nov 29Motion for Asset Sale Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave interim order approving the sale of the certain assets of Spirit Airlines, Inc. on November 27, 2024. The debtor has been authorized to sell its certain assets to Aircraft Sale Agreement with GA Telesis, LLC, for a purchase price of $518.9 million in cash. The debtor’s assets include 23 used Airbus A320ceo and A321ceo aircraft.お知らせ • Nov 28+ 1 more updateMotion for Joint Administration Filed by Spirit Airlines, Inc.Spirit Airlines, Inc along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on November 26, 2024. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd., with its own case for administrative and procedural purposes. Spirit Airlines, Inc., has been proposed as the lead debtor.お知らせ • Nov 26Affiliate Companies Joined Spirit Airlines, Inc. BankruptcyFour affiliate debtors filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 25, 2024. The affiliates include Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd. The debtors are represented by Marshall Scott Huebner of Davis Polk & Wardwell LLP as their legal counsel.お知らせ • Nov 21+ 1 more updateSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI IndexSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI Indexお知らせ • Nov 20The New York Stock Exchange to Commence Delisting Proceedings against Spirit AirlinesThe New York Stock Exchange (‘NYSE’, the ‘Exchange’) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the ‘Company’) from the NYSE. Trading in the Company’s common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s November 18, 2024 press release and Form 8-K disclosures that the Company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York. In reaching its delisting determination, NYSE Regulation notes the Company disclosed that all of the Company’s existing common stock and other equity interests will be cancelled without any distributions to the holders of such common stock and other equity interests on account thereof. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.お知らせ • Nov 19Spirit Airlines, Inc. Filed for BankruptcySpirit Airlines, Inc., filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 18, 2024. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Darren S. Klein and Marshall Scott Huebner of Davis Polk & Wardwell LLP as its legal counsel. The debtor also hired Alvarez & Marsal North America, LLC as financial and compensation advisor, Perella Weinberg Partners as investment banker, Debevoise & Plimpton LLP as fleet counsel, Walkers Cayman Islands as Cayman counsel, Morris, Nichols, Arsht & Tunnell LLP as conflicts counsel, O’Melveny & Myers LLP as labor counsel, and Kathryn Tran of Epiq Corporate Restructuring, LLC, as claims, noticing, solicitation, and administrative agent.お知らせ • Nov 14Spirit Airlines, Inc. announced delayed 10-Q filingOn 11/13/2024, Spirit Airlines, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.Price Target Changed • Nov 13Price target decreased by 12% to US$1.79Down from US$2.04, the current price target is an average from 7 analysts. New target price is 36% above last closing price of US$1.31. Stock is down 88% over the past year. The company is forecast to post a net loss per share of US$7.04 next year compared to a net loss per share of US$4.10 last year.Seeking Alpha • Nov 13Spirit Airlines: Liquidation Value Highlights Opportunity In Convertible DebtSummary Spirit Airlines, Inc.'s stock plummeted ~60% after Frontier Group Holdings, Inc. dropped its acquisition bid, leading to potential bankruptcy and asset liquidation concerns. Spirit canceled its Q3 earnings release to focus on debt restructuring. It aims to continue operations without layoffs but may cancel existing stock. Estimated asset value is below liabilities, suggesting equity will be wiped out in bankruptcy, with significant potential losses on convertible notes. It is unclear if Spirit will avoid liquidation, as its operating profits could recover if the labor shortage is resolved, and it improves its reputation with employees and customers. Read the full article on Seeking Alphaお知らせ • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.Seeking Alpha • Oct 24Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier AirlinesSummary Spirit Airlines faces significant financial challenges, including increased costs and debt maturity, exacerbated by higher fuel prices, wages, and grounded aircraft. Two failed merger attempts with Frontier and JetBlue highlight Spirit's struggle to remain competitive and profitable as a standalone business. Frontier Airlines is revisiting a potential merger with Spirit, but the acquisition price will likely be much lower than previous offers. Given the uncertain merger outcome and potential unfavorable terms for shareholders, investing in Spirit Airlines is highly speculative and not recommended. Read the full article on Seeking Alphaお知らせ • Oct 24Frontier Airlines, Spirit Airlines Reportedly Revive Merger TalksFrontier Airlines, Inc. is exploring a renewed bid for Spirit Airlines, Inc. (NYSE:SAVE), people familiar with the matter said, as Spirit continues discussions with bondholders over the terms of a potential bankruptcy filing. The two budget airlines have had recent discussions about a possible merger, though the people said the talks are at an early stage and that a deal may not come to fruition.お知らせ • Oct 15Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort LauderdaleSpirit Airlines announced that it is celebrating its new Alabama service on October 15, 2024, following the October 10, 2024 launch of its daily, nonstop service from Birmingham-Shuttlesworth International Airport (BHM) to Fort Lauderdale-Hollywood International Airport (FLL). Spirit's introduction of the only nonstop flight from Birmingham to Fort Lauderdale provides affordable options for travelers who want to visit the Sunshine State or take advantage of one-stop connections to more than two dozen destinations across the United States, Latin America and the Caribbean. The airline is commemorating the launch of its Birmingham service with limited-time fares starting as low as $49 one-way to and from BHM. Additionally, members of the Free Spirit loyalty program can earn 1,500 bonus points on roundtrip flights and 750 bonus points on one-way flights to and from Birmingham (BHM). Travel must be booked by October 20, 2024, and flown by November 30, 2024. Birmingham Guests can benefit from a more seamless travel experience with Spirit's new boarding process featuring five groups that aim to reduce boarding time and enhance operational performance. Travelers can also enjoy the airline's four new travel options, which all include the flexibility of no change or cancel fees. Go Big to get enhanced comfort with a Big Front Seat®, one checked and one carry-on bag, priority check-in and boarding, snacks and drinks, including alcoholic beverages, and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with a guaranteed blocked middle seat, one checked and one carry-on bag, priority boarding, a snack and non-alcoholic beverage during each service. Go Savvy to get a standard seat selection and a choice of one checked or one carry-on bag. Go to keep it simple with the greatest affordability. Standard seat selection, a checked bag and other options can be purchased separately. For a limited-time, Free Spirit members that choose to Go Big or Go Comfy will earn double points when they book and complete travel.Seeking Alpha • Oct 05Spirit Airlines: Death By A Thousand CutsSummary Spirit Airlines' stock has plummeted 88.4% since its failed merger with JetBlue plunged it into an existential crisis. Revenue dropped significantly despite increased aircraft and departures, with total revenue per passenger falling from $128.03 to $108.46. Core costs surged, including aircraft rent, salaries, and landing fees, exacerbating financial woes despite a slight decrease in fuel expenses. With $1.14 billion in debt maturing soon and limited refinancing options, bankruptcy seems imminent within the next six months. Read the full article on Seeking AlphaSeeking Alpha • Sep 25Spirit Airlines Investors May Need A Parachute Because Of A Potential 'Default'Summary An expected exchange offer could result in a debt rating downgrade for Spirit Airlines, to selective default by S&P. The $1.11 billion 8% 2025 secured notes may be very difficult to refinance. SAVE's debt trades at huge discount from par. Ch.11 bankruptcy might be a better long-term option. Read the full article on Seeking AlphaSeeking Alpha • Aug 28Spirit Airlines: Hawaiian Airlines Merger Is A Silver LiningSummary Spirit Airlines, Inc. shares have dropped over 82% since the failed JetBlue merger, raising concerns about their financial health and future viability as a standalone airline. Despite financial struggles, Spirit's undervalued assets and recent regulatory shifts suggest potential for acquisition, making it a high-risk, high-reward investment opportunity. The DOJ's approval of the Alaska-Hawaiian merger indicates a possible regulatory shift, which could favor Spirit in finding a suitable acquirer. Spirit's management is focused on refinancing debt and improving liquidity, which could enhance the airline's attractiveness to potential buyers and investors. Read the full article on Seeking AlphaPrice Target Changed • Aug 18Price target decreased by 7.5% to US$2.43Down from US$2.63, the current price target is an average from 7 analysts. New target price is 13% below last closing price of US$2.79. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$7.66 next year compared to a net loss per share of US$4.10 last year.Major Estimate Revision • Aug 08Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.22b to US$4.97b. Losses expected to increase from US$5.48 per share to US$7.49. Airlines industry in the US expected to see average net income growth of 20% next year. Consensus price target down from US$2.63 to US$2.46. Share price fell 12% to US$2.64 over the past week.Reported Earnings • Aug 02Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: US$1.76 loss per share (further deteriorated from US$0.022 loss in 2Q 2023). Revenue: US$1.28b (down 11% from 2Q 2023). Net loss: US$192.9m (loss widened US$190.6m from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.お知らせ • Jul 30Spirit Airlines, Inc. to Report Q2, 2024 Results on Aug 01, 2024Spirit Airlines, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024分析記事 • Jul 21Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?Key Insights Spirit Airlines' estimated fair value is US$5.43 based on 2 Stage Free Cash Flow to Equity Current share...Major Estimate Revision • Jul 17Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.41b to US$5.28b. Losses expected to increase from US$4.16 per share to US$5.09. Airlines industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$3.68 to US$3.34. Share price fell 7.5% to US$2.82 over the past week.Seeking Alpha • Jul 17Spirit Airlines Stock Falls On Restructuring Bankruptcy And Profit ConcernsSummary Spirit Airlines stock down 10% after profit warning. Revenue and profit guidance have been lowered, and analysts are even more pessimistic on the forward financial performance of Spirit Airlines. Overcapacity in the leisure market impacting Spirit Airlines' ability to generate cash and service debt. Read the full article on Seeking Alphaお知らせ • Jul 16Spirit Airlines, Inc Appoints Richard F. Wallman as Member of Board of DirectorSpirit Airlines, Inc. announced that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. Mr. Wallman served as the Chief Financial Officer and Senior Vice President of Honeywell International Inc., a diversified industrial technology and manufacturing company, and its predecessor AlliedSignal, from March 1995 to July 2003. Prior to that, Mr. Wallman served in senior financial positions with IBM and Chrysler Corporation. He is currently a director of CECO Environmental Corp., Charles River Laboratories International, Inc., and Roper Technologies, Inc. Mr. Wallman received his Bachelor of Science from Vanderbilt University and his MBA from the University of Chicago Booth Graduate School of Business.Price Target Changed • Jul 10Price target decreased by 8.5% to US$3.57Down from US$3.90, the current price target is an average from 9 analysts. New target price is 17% above last closing price of US$3.05. Stock is down 84% over the past year. The company is forecast to post a net loss per share of US$4.16 next year compared to a net loss per share of US$4.10 last year.お知らせ • Jul 02+ 1 more updateSpirit Airlines Announces Executive ChangesSpirit Airlines announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian McMenamy, who will remain in a senior finance role with the Company to ensure a smooth transition. Cromer brings three decades of experience in the aviation industry, with expertise in financial management, strategic planning, treasury and operations. Cromer has held numerous executive positions over his career, most recently serving as Chief Executive Officer, and previously Chief Financial Officer, of Xwing, Inc. Prior to joining Xwing, Cromer served as President of Bombardier Commercial Aircraft from 2015 to 2020, President of International Lease Finance Corporation from 2008 to 2015, and Chief Financial Officer and Vice President at ExpressJet Airlines from 1998 to 2008. Cromer holds an A.B. degree in Economics from the University of Michigan and an MBA in Finance from DePaul University. Spirit also announced additional significant leadership updates: Dana Shapir Alviene has been appointed Senior Vice President of Inflight and Airport Experience, effective July 29, 2024. Shapir Alviene joins Spirit from Avianca where she served as Senior Vice President of Customer Experience. Prior to Avianca, she held multiple leadership roles at JetBlue Airways between 2014 and 2023, including Vice President, Airports Experience. She began her aviation career at Southwest Airlines where she served in key operational, customer service and leadership roles. Shapir Alviene's extensive operational and customer expertise will elevate Spirit's Guest experience and strengthen collaboration between its Airports and Inflight teams.お知らせ • Jun 18Spirit Airlines, Inc. Announces Bringing Affordable Air Service to BHM Beginning October 10, 2024Spirit Airlines announced it is bringing affordable air service to BHM beginning October 10, 2024, with the only nonstop flight from BHM to Fort Lauderdale (FLL). Spirit's launch at Birmingham will mark the first time the airline serves the state of Alabama and will provide low-fare flight options to the Sunshine State and one-stop connections to Latin America and the Caribbean. To celebrate the new route, Spirit is offering limited-time introductory fares starting at $69 for travel October 10 through November 19, 2024. All fares are one-way, subject to 14-day advance purchase and availability. Spirit's Elevated Guest Experience: Spirit continues its commitment to invest in the Guest, which entails a number of initiatives aimed at delivering the best value in the sky: NEW: No change or cancel fees for all Guests; NEW: Increased checked bag weight allowance to 50 pounds; NEW: Extended Future Travel Vouchers expiration to 12 months (for vouchers issued on or after June 3, 2024); Spirit's Fit Fleet® is one of the youngest and most fuel-efficient fleets in the industry; Cabin enhancements with wider seats, added cushion, new headrests and upgrades to its unique Big Front Seat®; Fast onboard Wi-Fi that allows Guests to watch content from streaming services.お知らせ • Jun 05Spirit Airlines Announces CFO Changes, Effective June 14, 2024Spirit Airlines announced that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024. McMenamy succeeds Scott Haralson, Executive Vice President and Chief Financial Officer, who is departing to become CFO of a larger, publicly traded company outside of the airline industry. Haralson will continue in his role through June 14, 2024 to ensure a smooth transition. Spirit will initiate a comprehensive search for a CFO with the assistance of a leading executive search firm. Brian McMenamy brings nearly 40 years of experience in corporate finance. Prior to joining Spirit in 2017, McMenamy held various roles in finance at American Airlines over the course of his 33-year tenure, including Vice President, Finance; Vice President, Financial Planning and Analysis; and Vice President and Controller. He holds a Bachelor of Science in Financial Economics from Rockhurst College in Kansas City, Missouri, and an MBA from Northwestern University's J.L. Kellogg Graduate School of Management. He is also a Certified Public Accountant.Seeking Alpha • May 13Spirit Q1: No Longer Taking Off (Rating Downgrade)Summary Spirit Airlines' Q1 performance was underwhelming, with a decline in profitability and revenue. The airline's heavy investment in aircraft raises liquidity concerns and potential bankruptcy risks. The disappointing results have shaken investor confidence and may hinder debt restructuring, impacting financial stability. Read the full article on Seeking AlphaMajor Estimate Revision • May 13Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.68b to US$5.49b. Losses expected to increase from US$3.12 per share to US$3.73. Airlines industry in the US expected to see average net income growth of 24% next year. Consensus price target down from US$4.37 to US$3.90. Share price rose 13% to US$3.80 over the past week.Price Target Changed • May 07Price target decreased by 11% to US$4.01Down from US$4.48, the current price target is an average from 9 analysts. New target price is 21% above last closing price of US$3.32. Stock is down 79% over the past year. The company is forecast to post a net loss per share of US$3.73 next year compared to a net loss per share of US$4.10 last year.Reported Earnings • May 07First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: US$1.30 loss per share (further deteriorated from US$0.95 loss in 1Q 2023). Revenue: US$1.27b (down 6.2% from 1Q 2023). Net loss: US$142.6m (loss widened 37% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.お知らせ • Apr 28Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect the following two Class I directors to hold office until the 2027 annual meeting of stockholders or until their resignation or removal, or until their respective successors are elected: Robert D. Johnson and Barclay G. Jones III; to ratify the selection, by the Audit Committee of the Board of Directors, of Ernst & Young LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2024; to approve, on a non-binding, advisory basis, the compensation of company's named executive officers as disclosed in the attached Proxy Statement pursuant to executive compensation disclosure rules under the Securities Exchange Act of 1934, as amended; to hold a non-binding, advisory vote on whether the advisory vote to approve the compensation of company's named executive officers should be held every one, two or three years; and to consider other matters.Seeking Alpha • Apr 19Spirit Airlines: The Spirit Is Gone, Time To SellSummary Spirit Airlines has struggled to reduce unit costs despite growing capacity, leading to margin contraction. The company has adjusted its first quarter earnings guidance due to the recognition of credits related to the GTF issues. Spirit Airlines has deferred aircraft deliveries and laid off pilots in an attempt to improve profitability. But the stock is still unattractive due to uncertainties and lack of significant upside. Read the full article on Seeking AlphaMajor Estimate Revision • Apr 10Consensus EPS estimates upgraded to US$2.91 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$3.36 to -US$2.91 per share. Revenue forecast steady at US$5.70b. Airlines industry in the US expected to see average net income growth of 25% next year. Consensus price target down from US$6.67 to US$4.72. Share price rose 6.0% to US$4.91 over the past week.Price Target Changed • Apr 05Price target decreased by 29% to US$5.06Down from US$7.13, the current price target is an average from 9 analysts. New target price is 14% above last closing price of US$4.43. Stock is down 75% over the past year. The company is forecast to post a net loss per share of US$3.36 next year compared to a net loss per share of US$4.10 last year.Seeking Alpha • Apr 05SAVE Yourself The Trouble On Spirit AirlinesSummary Spirit Airlines' share price recently plummeted due to a failed merger with JetBlue, raising questions about its future. The company has a history of negative free cash flow and relies on debt and share sales to cover expenses. Their business model needs to prove that it can deliver positive cash flow over time and across the cycles that hurt the airline industry before it becomes investable. Read the full article on Seeking AlphaPrice Target Changed • Mar 05Price target decreased by 17% to US$7.13Down from US$8.62, the current price target is an average from 8 analysts. New target price is 24% above last closing price of US$5.76. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$3.26 next year compared to a net loss per share of US$4.10 last year.Board Change • Mar 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • Feb 28Spirit Airlines: Positive Operating Cashflow, Path To Soaring AloneSummary Spirit Airlines presents a unique investment opportunity despite the setback with the JetBlue merger. The court's decision to block the merger was focused on protecting consumers' access to affordable travel. Spirit Airlines has a solid financial cash position, potential liquidity enhancements, and strategic options for a turnaround. Q4 Earnings showed a path to positive operational cash flow and a turnaround in the business. Read the full article on Seeking Alphaお知らせ • Feb 10Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024Spirit Airlines, Inc. provided earnings guidance for the first quarter of 2024. The company estimates the first quarter 2024 total revenue will range between $1.25 billion and $1.28 billion. For the first quarter, the company estimates capacity will be up approximately 1.5% year-over-year, which is about 5.5 percentage points lower than projected back in October.お知らせ • Nov 16Spirit Airlines Carry-On Fee Class Action Settlement: Claim Submission Now OpenKlafter Lesser LLP and the Hermina Law Group are pleased to announce that the settlement website, www.SpiritCarryOnBagFeeSettlement.com, is now accepting claims to share in a proposed $8.25 million settlement that has been reached in a class action against Spirit Airlines, Inc. concerning the carry-on fees it charged United States passengers who booked their first Spirit flight through certain on-line travel agents during the period August 31, 2011, and May 3, 2017. The settlement was reached in Cox, et al., v. Spirit Airlines, Inc., Civil Action No. 17-CV-5172 (EK)(VMS), which is pending in federal court in Brooklyn, New York and is subject to approval by that Court. A Notice describing the settlement in detail, your rights, and the Claim Form to be submitted no later than January 10, 2024 in order to be eligible to share in the settlement can be found at www.SpiritCarryOnBagFeeSettlement.com. Jeffrey Klafter, one of the principal lawyers prosecuting this case states: "We urge every eligible Class member to submit a claim form so they can receive as much as 75% of the carry-on fee they paid. The Claim Form is simple and will take no more than five minutes to complete." "Class members should do this as soon as possible," said John Hermina, co-counsel in the case. The Court has scheduled a hearing on December 11, 2023, to consider final settlement approval.お知らせ • Oct 28+ 1 more updateSpirit Airlines Announces New, Nonstop Service to Felipe Carillo Puerto International Airport in Tulum, MexicoSpirit Airlines announced new, nonstop service to Felipe Carillo Puerto International Airport (TQO) in Tulum, Mexico, making it the first U.S.-based ULCC to announce service at the brand-new airport. Daily flights from Fort Lauderdale (FLL) and Orlando (MCO) will launch on March 28, 2024, in conjunction with the start of TQO's international service. In celebration of the new Tulum service, Spirit is offering introductory one-way fares from FLL and MCO to TQO starting at $149, inclusive of taxes and fees. Guests can redeem the introductory fare for travel from April 10 - May 21, 2024. The addition of nonstop flights to Tulum grows the carrier's international service at FLL to 26 destinations and MCO to 11 destinations. Florida serves as a gateway to the carrier's flights to Latin America and the Caribbean, and the new TQO service adds a one-stop option to Guests traveling from 53 cities across the U.S.お知らせ • Oct 13Spirit Airlines, Inc. to Report Q3, 2023 Results on Oct 26, 2023Spirit Airlines, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023お知らせ • Sep 12Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE).Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE) on September 11, 2023. Under the agreement, Spirit Airlines will transfer Spirit's assets in Boston and Newark, including gates and landing authorizations, to Allegiant. It will also yield up to five gates at Fort Lauderdale to facilitate Allegiant's growth. The divestiture is contingent on the JetBlue-Spirit transaction's closure. The transaction is subject to approval from local airport authorities and the FAA/DOT.お知らせ • Aug 04Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023Spirit Airlines, Inc. provided earnings guidance for third quarter 2023. For the quarter, the company expects total revenue for the third quarter 2023 will range between $1.3 billion and $1.32 billion down 3.2% to down 1.7%, with capacity increasing 13.7% year-over-year. This equates to unit revenue being down 13.6% to 14.9% year-over-year in the third quarter.お知らせ • Jul 25Spirit Airlines, Inc. to Report Q2, 2023 Results on Aug 03, 2023Spirit Airlines, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023お知らせ • Jun 02Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE).Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE) on June 1, 2023.お知らせ • Feb 17Spirit Airlines, Inc. Announces the Launch of New Nonstop Service from San José Mineta International AirportSpirit Airlines announced the launch of new, nonstop service from San José Mineta International Airport (SJC). The carrier is kicking off the new service with two daily flights to Las Vegas (LAS) and daily flights to Dallas (DFW) and San Diego (SAN). Spirit Airlines Routes at SJC: Destination: Dallas (DFW), Flights Available: Daily, Launch date: June 7, 2023; Las Vegas (LAS), Flights Available: Twice Daily, Launch date: June 7, 2023; San Diego (SAN), Flights Available: Daily, Launch date: June 7, 2023. The new service marks the seventh airport Spirit serves in the Golden State, joining Burbank (BUR), Los Angeles (LAX), Oakland (OAK), Orange County (SNA), Sacramento (SMF) and San Diego (SAN). Spirit first launched California service in Los Angeles in 2000 and has grown to more than 55 daily departures to 23 out-of-state destinations. In the past three years, the carrier has grown the number of flights by 41% and seats by 46% statewide. Introductory Fares: Guests traveling on these new routes can enjoy introductory fares for a limited time, with travel date restrictions. Fares include: Dallas (DFW)/San José (SJC): starting at $89 one-way; Las Vegas (LAS)/San José (SJC): starting at $39 one-way; San Diego (SAN)/San José (SJC): starting at $59 one-way.お知らせ • Feb 16Spirit Airlines Announces the Launch of Five New, Nonstop Routes from Luis Muñoz Marín International AirportSpirit Airlines announced the launch of five new, nonstop routes from Luis Muñoz Marín International Airport (SJU). The expansion adds convenient and affordable flights to Atlanta (ATL), Chicago (ORD), Dallas (DFW), Detroit (DTW) and Hartford (BDL), growing Spirit's Puerto Rico service from 11 destinations to 16 by June 2023. The carrier also announced it will increase flights between San Juan (SJU) and Orlando (MCO) to five flights daily and grow flights between San Juan and Baltimore (BWI), Fort Lauderdale (FLL) and Newark (EWR) to two flights daily. Spirit first landed on the island in 2001 with service to San Juan (SJU) and has grown its Puerto Rican route map to include Aguadilla (BQN) and Ponce (PSE). The airline will offer 21 peak-day departures in San Juan by June 2023, making it the second-largest carrier by destinations, seats and available seat miles (ASM). This adds to Spirit's growth across the island, which represents more than 200% growth in the past four years. The carrier's commitment to Puerto Rico extends beyond high-value travel options and deep into the vibrant community. The Spirit Charitable Foundation has supported multiple nonprofits doing meaningful work on the island and has donated more than $100,000 in hurricane relief efforts. Introductory Fares: Guests traveling between these new routes can enjoy introductory fares for a limited time, with travel dates and blackout date restrictions. Fares include: Atlanta (ATL)/San Juan (SJU): starting at $59 one-way; Chicago (ORD)/San Juan (SJU): starting at $69 one-way; Dallas (DFW)/San Juan (SJU): starting at $59 one-way; Detroit (DTW)/San Juan (SJU): starting at $79 one-way; Hartford (BDL)/San Juan (SJU): starting at $59 one-way.お知らせ • Feb 08Spirit Airlines, Inc. Announces Executive ChangesSpirit Airlines announced several leadership promotions and organizational updates across multiple divisions of the company. Scott Haralsonis promoted to Executive Vice President. In this role, Haralson will provide financial management, planning and guidance, and he will continue to report to President & Chief Executive Officer Ted Christie. Haralson has held multiple corporate finance leadership positions with Spirit since 2012 and most recently served as Senior Vice President & Chief Financial Officer since 2018. Simon Gore, Treasurer, has also taken on responsibility for overseeing fuel operations across Spirit’s network. Gore has held various positions in the company since 2008.お知らせ • Feb 07Spirit Airlines, Inc. Provides Operating Guidance for the First Quarter of 2023 and Full Year of 2023Spirit Airlines, Inc. provided operating guidance for the first quarter of 2023 and full year of 2023. For the quarter, the company expects available seat miles change to be 13.2% compared to 2022.For the year, the company expects available seat miles change to be 19% to 22% compared to 2022.お知らせ • Jan 19Spirit Airlines, Inc. to Report Q4, 2022 Results on Feb 06, 2023Spirit Airlines, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2023業績と収益の成長予測OTCPK:SAVE.Q - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20265,424N/A127N/A112/31/20254,812-402-322N/A412/31/20244,913-1,229-890-758N/A9/30/20245,065-827-890-817N/A6/30/20245,127-677-797-647N/A3/31/20245,278-486-792-524N/A12/31/20235,363-447-610-247N/A9/30/20235,432-534-506-121N/A6/30/20235,517-413-399-45N/A3/31/20235,451-463-26532N/A12/31/20225,068-554-534-89N/A9/30/20224,665-371-393-100N/A6/30/20224,244-319-484-188N/A3/31/20223,737-555-27042N/A12/31/20213,231-473-143209N/A9/30/20212,742-543-123181N/A6/30/20212,221-65731306N/A3/31/20211,500-513-400-73N/A12/31/20201,810-429-778-225N/A9/30/20202,281-190-60564N/A6/30/20202,871-8-511163N/A3/31/20203,746251-294381N/A12/31/20193,83133596551N/A9/30/20193,72434623556N/A6/30/20193,636360-15596N/A3/31/20193,475257-76540N/A12/31/20183,323156-287506N/A9/30/20183,126311N/A346N/A6/30/20182,909273N/A353N/A3/31/20182,758339N/A423N/A12/31/20172,644416N/A425N/A9/30/20172,556217N/A421N/A6/30/20172,490238N/A437N/A3/31/20172,374234N/A389N/A12/31/20162,320263N/A472N/A9/30/20162,263291N/A544N/A6/30/20162,217307N/A534N/A3/31/20162,186310N/A562N/A12/31/20152,141317N/A473N/A9/30/20152,096299N/A423N/A6/30/20152,041269N/A416N/A3/31/20151,987257N/A339N/A12/31/20141,932225N/A262N/A9/30/20141,877213N/A228N/A6/30/20141,814207N/A205N/A3/31/20141,722184N/A201N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SAVE.Qの予測収益成長が 貯蓄率 ( 2.8% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: SAVE.Qの収益がUS市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: SAVE.Qの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: SAVE.Qの収益 ( 2.7% ) US市場 ( 11.7% ) よりも低い成長が予測されています。高い収益成長: SAVE.Qの収益 ( 2.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SAVE.Qの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/03/12 18:26終値2025/03/12 00:00収益2024/12/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Spirit Aviation Holdings, Inc. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。11 アナリスト機関Garrett ChaseBarclaysStephen TrentCitigroup IncDuane PfennigwerthEvercore ISI8 その他のアナリストを表示
Price Target Changed • Nov 13Price target decreased by 12% to US$1.79Down from US$2.04, the current price target is an average from 7 analysts. New target price is 36% above last closing price of US$1.31. Stock is down 88% over the past year. The company is forecast to post a net loss per share of US$7.04 next year compared to a net loss per share of US$4.10 last year.
お知らせ • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.
Price Target Changed • Aug 18Price target decreased by 7.5% to US$2.43Down from US$2.63, the current price target is an average from 7 analysts. New target price is 13% below last closing price of US$2.79. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$7.66 next year compared to a net loss per share of US$4.10 last year.
Major Estimate Revision • Aug 08Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.22b to US$4.97b. Losses expected to increase from US$5.48 per share to US$7.49. Airlines industry in the US expected to see average net income growth of 20% next year. Consensus price target down from US$2.63 to US$2.46. Share price fell 12% to US$2.64 over the past week.
Major Estimate Revision • Jul 17Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.41b to US$5.28b. Losses expected to increase from US$4.16 per share to US$5.09. Airlines industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$3.68 to US$3.34. Share price fell 7.5% to US$2.82 over the past week.
Price Target Changed • Jul 10Price target decreased by 8.5% to US$3.57Down from US$3.90, the current price target is an average from 9 analysts. New target price is 17% above last closing price of US$3.05. Stock is down 84% over the past year. The company is forecast to post a net loss per share of US$4.16 next year compared to a net loss per share of US$4.10 last year.
お知らせ • Mar 13+ 1 more updateSpirit Airlines, Inc. Deleted from OTC EquitySpirit Airlines, Inc. has been deleted from OTC Equity effective March 12, 2025, due to Bankruptcy Plan Effective /Shares Cancelled.
お知らせ • Mar 06+ 1 more updateSpirit Airlines Announces New Service At Columbia Metropolitan Airport Starting June 2025Spirit Airlines announced that it will touch down in the heart of South Carolina this June with new, high-value service at Columbia Metropolitan Airport (CAE). The carrier will offer nonstop service to Fort Lauderdale-Hollywood International Airport (FLL) and the only nonstop flights to Newark Liberty International Airport (EWR) and Orlando International Airport (MCO), the airport nearest to Orlando's major theme parks and attractions. Spirit's all-Airbus fleet will take off from CAE for the first time on June 5, with travel options ranging from premium to economical. Spirit Airlines Columbia (CAE) Service: Destination: Flights Available: Launch Date: Introductory Fare: Fort Lauderdale (FLL): 3x Weekly; June 6, 2025; Starting at 50 one way. Newark (EWR): 4x Weekly; June 5, 2025; Starting at 50 one way. Orlando (MCO): 3x Weekly; June 5, 2025; Starting at 50* one way. The airline first launched its South Carolina service at Myrtle Beach (MYR) more than 25 years ago and later added Charleston (CHS) to its route map in 2023. Introductory Fare: Guests traveling between Columbia (CAE) and Fort Lauderdale (FLL), Newark (EWR) and Orlando (MCO) can take advantage of an introductory fare starting at $50 one-way for travel from June 5 through Aug. 12, 2025. Must be purchased 14 days in advance to be eligible. These special introductory fares are available for purchase through March 20, 2025. Spirit's Enhanced Guest Experience: Columbia Guests can enjoy Spirit's recent transformation and new travel options, which provide an elevated and more seamless experience no matter the destination. The four new travel options include: Go Big to get enhanced comfort with a Big Front Seat®, a carry-on and first checked bag, no change or cancel fees, Priority Check-in and Boarding, complimentary snacks and drinks, including alcoholic beverages and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with no one in the middle, a carry-on bag, no change or cancel fees, priority boarding, a small snack and non-alcoholic beverage. Go Savvy to get a standard seat selection, carry-on bag and no change or cancel fees. Go to keep it simple with no extras. Standard seat selection, checked bags and other options can be purchased separately.
お知らせ • Feb 12Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submitted the proposal to acquire Spirit Airlines, Inc. on February 4, 2025. Under the terms of the New Proposal, which was subject to various conditions, Spirit’s stakeholders would receive $400 million principal amount of second-lien debt issued by Frontier and 19.0% of Frontier’s common equity following the proposed combination. The New Proposal would not require the Company to complete its previously announced $350 million equity rights offering, and required a waiver of the Bankruptcy Court-approved $35 million termination fee that would otherwise be owed under the Backstop Commitment Agreement, dated Nov. 18, 2024, by and among the Company and the other stakeholders party thereto (the “Backstop Commitment Agreement”). Notably, the New Proposal did not address certain material risks and issues previously identified by the Company, including that the New Proposal would deliver less in value to the Company’s stakeholders than contemplated by the Company’s existing plan of reorganization, is uncertain as to timing and completion, would result in extended and materially more costly and uncertain chapter 11 proceedings, and has uncertainties with regard to needed regulatory and court approvals. The Company’s management and Board of Directors, consistent with their fiduciary duties, carefully reviewed the New Proposal in consultation with the Company’s external legal and financial advisors. Akin Gump Strauss Hauer & Feld LLP is acting as legal counsel and Evercore is acting as financial advisor to the ad hoc group of loyalty noteholders. Paul Hastings LLP is acting as legal counsel and Ducera Partners LLC is acting as financial advisor to the convertible bondholders. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. on February 11, 2025.
お知らせ • Jan 30Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion.Frontier Group Holdings, Inc. (NasdaqGS:ULCC) submit a proposal to acquire Spirit Airlines, Inc. (OTCPK:SAVE.Q) for $1.8 billion on January 7, 2025. The consideration consists of $1.76 billion common equity of Frontier Group Holdings, Inc. to be issued for common equity of Spirit Airlines, Inc. Frontier will issue $400 million principal amount of debt by Frontier and 19.0% of Frontier’s common equity at the closing of the transaction, to be distributed to the Holders of Senior Secured Notes, 2025 Convertible Notes, 2026 Convertible Notes and Existing Interests. Frontier Board of Directors has unanimously approved our Proposal. Evercore Group L.L.C. is acting as financial advisor to the ad hoc group of Holders of Senior Secured Notes of Spirit Airlines. Frontier has retained Citigroup Global Markets, Inc. as its financial advisor for this transaction and Latham & Watkins LLP as its legal counsel. Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (OTCPK:SAVE.Q) on January 28, 2025. Spirit Airlines board of directors rejected the proposal.
お知らせ • Dec 19Final DIP Financing Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave an order to Spirit Airlines, Inc. to obtain DIP financing on a final basis on December 18, 2024. As per the order, the debtor has been authorized to obtain a term loan facility in the amount of $300 million Wilmington Savings Fund Society, FSB acting as the administrative agent. The DIP loan would either carry an interest rate of DIP Loans and DIP Notes will bear interest at a rate per annum equal to (a) Term SOFR plus 7.00% per annum or (b) Alternate Base Rate plus 6.00% per annum. Interest shall be payable in cash. Interest shall be calculated on the basis of the actual number of days elapsed in a 360-day year. Interest shall be payable in arrears on the last Business Day of each month, regardless of whether interest accrues based on Term SOFR or the Alternate Base Rate., along with an additional 2% p.a. interest in the event of default. The DIP facility would mature either on 12 months after the petition date, i.e. November 18, 2025, or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.05 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral.
お知らせ • Dec 18Combined Hearing for Disclosure Statement and Joint Plan Approved on Interim Basis for Spirit Airlines, Inc.The US Bankruptcy Court approved the combined hearing to consider approval of disclosure statement and joint plan of Spirit Airlines, Inc. and interim approval of disclosure statement on December 17, 2024. The debtor had filed its disclosure statement and joint plan in the Court on December 17, 2024. The voting record date is December 10, 2024. The deadline to vote on the plan is January 21, 2025. Any objections to the plan should be made before January 21, 2025, and the confirmation hearing for the plan and disclosure statement has been scheduled for January 29, 2025.
お知らせ • Nov 29Motion for Asset Sale Approved for Spirit Airlines, Inc.The US Bankruptcy Court gave interim order approving the sale of the certain assets of Spirit Airlines, Inc. on November 27, 2024. The debtor has been authorized to sell its certain assets to Aircraft Sale Agreement with GA Telesis, LLC, for a purchase price of $518.9 million in cash. The debtor’s assets include 23 used Airbus A320ceo and A321ceo aircraft.
お知らせ • Nov 28+ 1 more updateMotion for Joint Administration Filed by Spirit Airlines, Inc.Spirit Airlines, Inc along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on November 26, 2024. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd., with its own case for administrative and procedural purposes. Spirit Airlines, Inc., has been proposed as the lead debtor.
お知らせ • Nov 26Affiliate Companies Joined Spirit Airlines, Inc. BankruptcyFour affiliate debtors filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 25, 2024. The affiliates include Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Spirit IP Cayman Ltd. and Spirit Loyalty Cayman Ltd. The debtors are represented by Marshall Scott Huebner of Davis Polk & Wardwell LLP as their legal counsel.
お知らせ • Nov 21+ 1 more updateSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI IndexSpirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI Index
お知らせ • Nov 20The New York Stock Exchange to Commence Delisting Proceedings against Spirit AirlinesThe New York Stock Exchange (‘NYSE’, the ‘Exchange’) announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the ‘Company’) from the NYSE. Trading in the Company’s common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s November 18, 2024 press release and Form 8-K disclosures that the Company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York. In reaching its delisting determination, NYSE Regulation notes the Company disclosed that all of the Company’s existing common stock and other equity interests will be cancelled without any distributions to the holders of such common stock and other equity interests on account thereof. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
お知らせ • Nov 19Spirit Airlines, Inc. Filed for BankruptcySpirit Airlines, Inc., filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York on November 18, 2024. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Darren S. Klein and Marshall Scott Huebner of Davis Polk & Wardwell LLP as its legal counsel. The debtor also hired Alvarez & Marsal North America, LLC as financial and compensation advisor, Perella Weinberg Partners as investment banker, Debevoise & Plimpton LLP as fleet counsel, Walkers Cayman Islands as Cayman counsel, Morris, Nichols, Arsht & Tunnell LLP as conflicts counsel, O’Melveny & Myers LLP as labor counsel, and Kathryn Tran of Epiq Corporate Restructuring, LLC, as claims, noticing, solicitation, and administrative agent.
お知らせ • Nov 14Spirit Airlines, Inc. announced delayed 10-Q filingOn 11/13/2024, Spirit Airlines, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Price Target Changed • Nov 13Price target decreased by 12% to US$1.79Down from US$2.04, the current price target is an average from 7 analysts. New target price is 36% above last closing price of US$1.31. Stock is down 88% over the past year. The company is forecast to post a net loss per share of US$7.04 next year compared to a net loss per share of US$4.10 last year.
Seeking Alpha • Nov 13Spirit Airlines: Liquidation Value Highlights Opportunity In Convertible DebtSummary Spirit Airlines, Inc.'s stock plummeted ~60% after Frontier Group Holdings, Inc. dropped its acquisition bid, leading to potential bankruptcy and asset liquidation concerns. Spirit canceled its Q3 earnings release to focus on debt restructuring. It aims to continue operations without layoffs but may cancel existing stock. Estimated asset value is below liabilities, suggesting equity will be wiped out in bankruptcy, with significant potential losses on convertible notes. It is unclear if Spirit will avoid liquidation, as its operating profits could recover if the labor shortage is resolved, and it improves its reputation with employees and customers. Read the full article on Seeking Alpha
お知らせ • Oct 25Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025Spirit Airlines, Inc. provided operating guidance for the third quarter and fourth quarter of 2024 and full year 2025. The Company’s third quarter 2024 capacity was down 1.2% year over year. The Company estimates its fourth quarter 2024 capacity will be down approximately 20% year over year. The Company estimates the net proceeds of the Sale, combined with discharging the Aircraft-related debt from its balance sheet, will benefit its liquidity by approximately $225 million through year-end 2025. The Company estimates its capacity will be down mid-teens year over year. This decrease takes into account the sale and removal from scheduled service of the Aircraft, a year-over-year increase in the estimated number of neo aircraft removed from scheduled service due to the reduced availability of Pratt & Whitney geared turbofan engines, the retirement of the Company’s remaining A319ceo aircraft and the addition of six new A321neo aircraft scheduled for delivery in 2025.
Seeking Alpha • Oct 24Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier AirlinesSummary Spirit Airlines faces significant financial challenges, including increased costs and debt maturity, exacerbated by higher fuel prices, wages, and grounded aircraft. Two failed merger attempts with Frontier and JetBlue highlight Spirit's struggle to remain competitive and profitable as a standalone business. Frontier Airlines is revisiting a potential merger with Spirit, but the acquisition price will likely be much lower than previous offers. Given the uncertain merger outcome and potential unfavorable terms for shareholders, investing in Spirit Airlines is highly speculative and not recommended. Read the full article on Seeking Alpha
お知らせ • Oct 24Frontier Airlines, Spirit Airlines Reportedly Revive Merger TalksFrontier Airlines, Inc. is exploring a renewed bid for Spirit Airlines, Inc. (NYSE:SAVE), people familiar with the matter said, as Spirit continues discussions with bondholders over the terms of a potential bankruptcy filing. The two budget airlines have had recent discussions about a possible merger, though the people said the talks are at an early stage and that a deal may not come to fruition.
お知らせ • Oct 15Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort LauderdaleSpirit Airlines announced that it is celebrating its new Alabama service on October 15, 2024, following the October 10, 2024 launch of its daily, nonstop service from Birmingham-Shuttlesworth International Airport (BHM) to Fort Lauderdale-Hollywood International Airport (FLL). Spirit's introduction of the only nonstop flight from Birmingham to Fort Lauderdale provides affordable options for travelers who want to visit the Sunshine State or take advantage of one-stop connections to more than two dozen destinations across the United States, Latin America and the Caribbean. The airline is commemorating the launch of its Birmingham service with limited-time fares starting as low as $49 one-way to and from BHM. Additionally, members of the Free Spirit loyalty program can earn 1,500 bonus points on roundtrip flights and 750 bonus points on one-way flights to and from Birmingham (BHM). Travel must be booked by October 20, 2024, and flown by November 30, 2024. Birmingham Guests can benefit from a more seamless travel experience with Spirit's new boarding process featuring five groups that aim to reduce boarding time and enhance operational performance. Travelers can also enjoy the airline's four new travel options, which all include the flexibility of no change or cancel fees. Go Big to get enhanced comfort with a Big Front Seat®, one checked and one carry-on bag, priority check-in and boarding, snacks and drinks, including alcoholic beverages, and streaming access to fast Wi-Fi. Go Comfy to choose an aisle or window seat with a guaranteed blocked middle seat, one checked and one carry-on bag, priority boarding, a snack and non-alcoholic beverage during each service. Go Savvy to get a standard seat selection and a choice of one checked or one carry-on bag. Go to keep it simple with the greatest affordability. Standard seat selection, a checked bag and other options can be purchased separately. For a limited-time, Free Spirit members that choose to Go Big or Go Comfy will earn double points when they book and complete travel.
Seeking Alpha • Oct 05Spirit Airlines: Death By A Thousand CutsSummary Spirit Airlines' stock has plummeted 88.4% since its failed merger with JetBlue plunged it into an existential crisis. Revenue dropped significantly despite increased aircraft and departures, with total revenue per passenger falling from $128.03 to $108.46. Core costs surged, including aircraft rent, salaries, and landing fees, exacerbating financial woes despite a slight decrease in fuel expenses. With $1.14 billion in debt maturing soon and limited refinancing options, bankruptcy seems imminent within the next six months. Read the full article on Seeking Alpha
Seeking Alpha • Sep 25Spirit Airlines Investors May Need A Parachute Because Of A Potential 'Default'Summary An expected exchange offer could result in a debt rating downgrade for Spirit Airlines, to selective default by S&P. The $1.11 billion 8% 2025 secured notes may be very difficult to refinance. SAVE's debt trades at huge discount from par. Ch.11 bankruptcy might be a better long-term option. Read the full article on Seeking Alpha
Seeking Alpha • Aug 28Spirit Airlines: Hawaiian Airlines Merger Is A Silver LiningSummary Spirit Airlines, Inc. shares have dropped over 82% since the failed JetBlue merger, raising concerns about their financial health and future viability as a standalone airline. Despite financial struggles, Spirit's undervalued assets and recent regulatory shifts suggest potential for acquisition, making it a high-risk, high-reward investment opportunity. The DOJ's approval of the Alaska-Hawaiian merger indicates a possible regulatory shift, which could favor Spirit in finding a suitable acquirer. Spirit's management is focused on refinancing debt and improving liquidity, which could enhance the airline's attractiveness to potential buyers and investors. Read the full article on Seeking Alpha
Price Target Changed • Aug 18Price target decreased by 7.5% to US$2.43Down from US$2.63, the current price target is an average from 7 analysts. New target price is 13% below last closing price of US$2.79. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$7.66 next year compared to a net loss per share of US$4.10 last year.
Major Estimate Revision • Aug 08Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.22b to US$4.97b. Losses expected to increase from US$5.48 per share to US$7.49. Airlines industry in the US expected to see average net income growth of 20% next year. Consensus price target down from US$2.63 to US$2.46. Share price fell 12% to US$2.64 over the past week.
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: US$1.76 loss per share (further deteriorated from US$0.022 loss in 2Q 2023). Revenue: US$1.28b (down 11% from 2Q 2023). Net loss: US$192.9m (loss widened US$190.6m from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.
お知らせ • Jul 30Spirit Airlines, Inc. to Report Q2, 2024 Results on Aug 01, 2024Spirit Airlines, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024
分析記事 • Jul 21Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?Key Insights Spirit Airlines' estimated fair value is US$5.43 based on 2 Stage Free Cash Flow to Equity Current share...
Major Estimate Revision • Jul 17Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.41b to US$5.28b. Losses expected to increase from US$4.16 per share to US$5.09. Airlines industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$3.68 to US$3.34. Share price fell 7.5% to US$2.82 over the past week.
Seeking Alpha • Jul 17Spirit Airlines Stock Falls On Restructuring Bankruptcy And Profit ConcernsSummary Spirit Airlines stock down 10% after profit warning. Revenue and profit guidance have been lowered, and analysts are even more pessimistic on the forward financial performance of Spirit Airlines. Overcapacity in the leisure market impacting Spirit Airlines' ability to generate cash and service debt. Read the full article on Seeking Alpha
お知らせ • Jul 16Spirit Airlines, Inc Appoints Richard F. Wallman as Member of Board of DirectorSpirit Airlines, Inc. announced that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. Mr. Wallman served as the Chief Financial Officer and Senior Vice President of Honeywell International Inc., a diversified industrial technology and manufacturing company, and its predecessor AlliedSignal, from March 1995 to July 2003. Prior to that, Mr. Wallman served in senior financial positions with IBM and Chrysler Corporation. He is currently a director of CECO Environmental Corp., Charles River Laboratories International, Inc., and Roper Technologies, Inc. Mr. Wallman received his Bachelor of Science from Vanderbilt University and his MBA from the University of Chicago Booth Graduate School of Business.
Price Target Changed • Jul 10Price target decreased by 8.5% to US$3.57Down from US$3.90, the current price target is an average from 9 analysts. New target price is 17% above last closing price of US$3.05. Stock is down 84% over the past year. The company is forecast to post a net loss per share of US$4.16 next year compared to a net loss per share of US$4.10 last year.
お知らせ • Jul 02+ 1 more updateSpirit Airlines Announces Executive ChangesSpirit Airlines announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian McMenamy, who will remain in a senior finance role with the Company to ensure a smooth transition. Cromer brings three decades of experience in the aviation industry, with expertise in financial management, strategic planning, treasury and operations. Cromer has held numerous executive positions over his career, most recently serving as Chief Executive Officer, and previously Chief Financial Officer, of Xwing, Inc. Prior to joining Xwing, Cromer served as President of Bombardier Commercial Aircraft from 2015 to 2020, President of International Lease Finance Corporation from 2008 to 2015, and Chief Financial Officer and Vice President at ExpressJet Airlines from 1998 to 2008. Cromer holds an A.B. degree in Economics from the University of Michigan and an MBA in Finance from DePaul University. Spirit also announced additional significant leadership updates: Dana Shapir Alviene has been appointed Senior Vice President of Inflight and Airport Experience, effective July 29, 2024. Shapir Alviene joins Spirit from Avianca where she served as Senior Vice President of Customer Experience. Prior to Avianca, she held multiple leadership roles at JetBlue Airways between 2014 and 2023, including Vice President, Airports Experience. She began her aviation career at Southwest Airlines where she served in key operational, customer service and leadership roles. Shapir Alviene's extensive operational and customer expertise will elevate Spirit's Guest experience and strengthen collaboration between its Airports and Inflight teams.
お知らせ • Jun 18Spirit Airlines, Inc. Announces Bringing Affordable Air Service to BHM Beginning October 10, 2024Spirit Airlines announced it is bringing affordable air service to BHM beginning October 10, 2024, with the only nonstop flight from BHM to Fort Lauderdale (FLL). Spirit's launch at Birmingham will mark the first time the airline serves the state of Alabama and will provide low-fare flight options to the Sunshine State and one-stop connections to Latin America and the Caribbean. To celebrate the new route, Spirit is offering limited-time introductory fares starting at $69 for travel October 10 through November 19, 2024. All fares are one-way, subject to 14-day advance purchase and availability. Spirit's Elevated Guest Experience: Spirit continues its commitment to invest in the Guest, which entails a number of initiatives aimed at delivering the best value in the sky: NEW: No change or cancel fees for all Guests; NEW: Increased checked bag weight allowance to 50 pounds; NEW: Extended Future Travel Vouchers expiration to 12 months (for vouchers issued on or after June 3, 2024); Spirit's Fit Fleet® is one of the youngest and most fuel-efficient fleets in the industry; Cabin enhancements with wider seats, added cushion, new headrests and upgrades to its unique Big Front Seat®; Fast onboard Wi-Fi that allows Guests to watch content from streaming services.
お知らせ • Jun 05Spirit Airlines Announces CFO Changes, Effective June 14, 2024Spirit Airlines announced that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024. McMenamy succeeds Scott Haralson, Executive Vice President and Chief Financial Officer, who is departing to become CFO of a larger, publicly traded company outside of the airline industry. Haralson will continue in his role through June 14, 2024 to ensure a smooth transition. Spirit will initiate a comprehensive search for a CFO with the assistance of a leading executive search firm. Brian McMenamy brings nearly 40 years of experience in corporate finance. Prior to joining Spirit in 2017, McMenamy held various roles in finance at American Airlines over the course of his 33-year tenure, including Vice President, Finance; Vice President, Financial Planning and Analysis; and Vice President and Controller. He holds a Bachelor of Science in Financial Economics from Rockhurst College in Kansas City, Missouri, and an MBA from Northwestern University's J.L. Kellogg Graduate School of Management. He is also a Certified Public Accountant.
Seeking Alpha • May 13Spirit Q1: No Longer Taking Off (Rating Downgrade)Summary Spirit Airlines' Q1 performance was underwhelming, with a decline in profitability and revenue. The airline's heavy investment in aircraft raises liquidity concerns and potential bankruptcy risks. The disappointing results have shaken investor confidence and may hinder debt restructuring, impacting financial stability. Read the full article on Seeking Alpha
Major Estimate Revision • May 13Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$5.68b to US$5.49b. Losses expected to increase from US$3.12 per share to US$3.73. Airlines industry in the US expected to see average net income growth of 24% next year. Consensus price target down from US$4.37 to US$3.90. Share price rose 13% to US$3.80 over the past week.
Price Target Changed • May 07Price target decreased by 11% to US$4.01Down from US$4.48, the current price target is an average from 9 analysts. New target price is 21% above last closing price of US$3.32. Stock is down 79% over the past year. The company is forecast to post a net loss per share of US$3.73 next year compared to a net loss per share of US$4.10 last year.
Reported Earnings • May 07First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: US$1.30 loss per share (further deteriorated from US$0.95 loss in 1Q 2023). Revenue: US$1.27b (down 6.2% from 1Q 2023). Net loss: US$142.6m (loss widened 37% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
お知らせ • Apr 28Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect the following two Class I directors to hold office until the 2027 annual meeting of stockholders or until their resignation or removal, or until their respective successors are elected: Robert D. Johnson and Barclay G. Jones III; to ratify the selection, by the Audit Committee of the Board of Directors, of Ernst & Young LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2024; to approve, on a non-binding, advisory basis, the compensation of company's named executive officers as disclosed in the attached Proxy Statement pursuant to executive compensation disclosure rules under the Securities Exchange Act of 1934, as amended; to hold a non-binding, advisory vote on whether the advisory vote to approve the compensation of company's named executive officers should be held every one, two or three years; and to consider other matters.
Seeking Alpha • Apr 19Spirit Airlines: The Spirit Is Gone, Time To SellSummary Spirit Airlines has struggled to reduce unit costs despite growing capacity, leading to margin contraction. The company has adjusted its first quarter earnings guidance due to the recognition of credits related to the GTF issues. Spirit Airlines has deferred aircraft deliveries and laid off pilots in an attempt to improve profitability. But the stock is still unattractive due to uncertainties and lack of significant upside. Read the full article on Seeking Alpha
Major Estimate Revision • Apr 10Consensus EPS estimates upgraded to US$2.91 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$3.36 to -US$2.91 per share. Revenue forecast steady at US$5.70b. Airlines industry in the US expected to see average net income growth of 25% next year. Consensus price target down from US$6.67 to US$4.72. Share price rose 6.0% to US$4.91 over the past week.
Price Target Changed • Apr 05Price target decreased by 29% to US$5.06Down from US$7.13, the current price target is an average from 9 analysts. New target price is 14% above last closing price of US$4.43. Stock is down 75% over the past year. The company is forecast to post a net loss per share of US$3.36 next year compared to a net loss per share of US$4.10 last year.
Seeking Alpha • Apr 05SAVE Yourself The Trouble On Spirit AirlinesSummary Spirit Airlines' share price recently plummeted due to a failed merger with JetBlue, raising questions about its future. The company has a history of negative free cash flow and relies on debt and share sales to cover expenses. Their business model needs to prove that it can deliver positive cash flow over time and across the cycles that hurt the airline industry before it becomes investable. Read the full article on Seeking Alpha
Price Target Changed • Mar 05Price target decreased by 17% to US$7.13Down from US$8.62, the current price target is an average from 8 analysts. New target price is 24% above last closing price of US$5.76. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$3.26 next year compared to a net loss per share of US$4.10 last year.
Board Change • Mar 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Mark Dunkerley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • Feb 28Spirit Airlines: Positive Operating Cashflow, Path To Soaring AloneSummary Spirit Airlines presents a unique investment opportunity despite the setback with the JetBlue merger. The court's decision to block the merger was focused on protecting consumers' access to affordable travel. Spirit Airlines has a solid financial cash position, potential liquidity enhancements, and strategic options for a turnaround. Q4 Earnings showed a path to positive operational cash flow and a turnaround in the business. Read the full article on Seeking Alpha
お知らせ • Feb 10Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024Spirit Airlines, Inc. provided earnings guidance for the first quarter of 2024. The company estimates the first quarter 2024 total revenue will range between $1.25 billion and $1.28 billion. For the first quarter, the company estimates capacity will be up approximately 1.5% year-over-year, which is about 5.5 percentage points lower than projected back in October.
お知らせ • Nov 16Spirit Airlines Carry-On Fee Class Action Settlement: Claim Submission Now OpenKlafter Lesser LLP and the Hermina Law Group are pleased to announce that the settlement website, www.SpiritCarryOnBagFeeSettlement.com, is now accepting claims to share in a proposed $8.25 million settlement that has been reached in a class action against Spirit Airlines, Inc. concerning the carry-on fees it charged United States passengers who booked their first Spirit flight through certain on-line travel agents during the period August 31, 2011, and May 3, 2017. The settlement was reached in Cox, et al., v. Spirit Airlines, Inc., Civil Action No. 17-CV-5172 (EK)(VMS), which is pending in federal court in Brooklyn, New York and is subject to approval by that Court. A Notice describing the settlement in detail, your rights, and the Claim Form to be submitted no later than January 10, 2024 in order to be eligible to share in the settlement can be found at www.SpiritCarryOnBagFeeSettlement.com. Jeffrey Klafter, one of the principal lawyers prosecuting this case states: "We urge every eligible Class member to submit a claim form so they can receive as much as 75% of the carry-on fee they paid. The Claim Form is simple and will take no more than five minutes to complete." "Class members should do this as soon as possible," said John Hermina, co-counsel in the case. The Court has scheduled a hearing on December 11, 2023, to consider final settlement approval.
お知らせ • Oct 28+ 1 more updateSpirit Airlines Announces New, Nonstop Service to Felipe Carillo Puerto International Airport in Tulum, MexicoSpirit Airlines announced new, nonstop service to Felipe Carillo Puerto International Airport (TQO) in Tulum, Mexico, making it the first U.S.-based ULCC to announce service at the brand-new airport. Daily flights from Fort Lauderdale (FLL) and Orlando (MCO) will launch on March 28, 2024, in conjunction with the start of TQO's international service. In celebration of the new Tulum service, Spirit is offering introductory one-way fares from FLL and MCO to TQO starting at $149, inclusive of taxes and fees. Guests can redeem the introductory fare for travel from April 10 - May 21, 2024. The addition of nonstop flights to Tulum grows the carrier's international service at FLL to 26 destinations and MCO to 11 destinations. Florida serves as a gateway to the carrier's flights to Latin America and the Caribbean, and the new TQO service adds a one-stop option to Guests traveling from 53 cities across the U.S.
お知らせ • Oct 13Spirit Airlines, Inc. to Report Q3, 2023 Results on Oct 26, 2023Spirit Airlines, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023
お知らせ • Sep 12Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE).Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE) on September 11, 2023. Under the agreement, Spirit Airlines will transfer Spirit's assets in Boston and Newark, including gates and landing authorizations, to Allegiant. It will also yield up to five gates at Fort Lauderdale to facilitate Allegiant's growth. The divestiture is contingent on the JetBlue-Spirit transaction's closure. The transaction is subject to approval from local airport authorities and the FAA/DOT.
お知らせ • Aug 04Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023Spirit Airlines, Inc. provided earnings guidance for third quarter 2023. For the quarter, the company expects total revenue for the third quarter 2023 will range between $1.3 billion and $1.32 billion down 3.2% to down 1.7%, with capacity increasing 13.7% year-over-year. This equates to unit revenue being down 13.6% to 14.9% year-over-year in the third quarter.
お知らせ • Jul 25Spirit Airlines, Inc. to Report Q2, 2023 Results on Aug 03, 2023Spirit Airlines, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023
お知らせ • Jun 02Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE).Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE) on June 1, 2023.
お知らせ • Feb 17Spirit Airlines, Inc. Announces the Launch of New Nonstop Service from San José Mineta International AirportSpirit Airlines announced the launch of new, nonstop service from San José Mineta International Airport (SJC). The carrier is kicking off the new service with two daily flights to Las Vegas (LAS) and daily flights to Dallas (DFW) and San Diego (SAN). Spirit Airlines Routes at SJC: Destination: Dallas (DFW), Flights Available: Daily, Launch date: June 7, 2023; Las Vegas (LAS), Flights Available: Twice Daily, Launch date: June 7, 2023; San Diego (SAN), Flights Available: Daily, Launch date: June 7, 2023. The new service marks the seventh airport Spirit serves in the Golden State, joining Burbank (BUR), Los Angeles (LAX), Oakland (OAK), Orange County (SNA), Sacramento (SMF) and San Diego (SAN). Spirit first launched California service in Los Angeles in 2000 and has grown to more than 55 daily departures to 23 out-of-state destinations. In the past three years, the carrier has grown the number of flights by 41% and seats by 46% statewide. Introductory Fares: Guests traveling on these new routes can enjoy introductory fares for a limited time, with travel date restrictions. Fares include: Dallas (DFW)/San José (SJC): starting at $89 one-way; Las Vegas (LAS)/San José (SJC): starting at $39 one-way; San Diego (SAN)/San José (SJC): starting at $59 one-way.
お知らせ • Feb 16Spirit Airlines Announces the Launch of Five New, Nonstop Routes from Luis Muñoz Marín International AirportSpirit Airlines announced the launch of five new, nonstop routes from Luis Muñoz Marín International Airport (SJU). The expansion adds convenient and affordable flights to Atlanta (ATL), Chicago (ORD), Dallas (DFW), Detroit (DTW) and Hartford (BDL), growing Spirit's Puerto Rico service from 11 destinations to 16 by June 2023. The carrier also announced it will increase flights between San Juan (SJU) and Orlando (MCO) to five flights daily and grow flights between San Juan and Baltimore (BWI), Fort Lauderdale (FLL) and Newark (EWR) to two flights daily. Spirit first landed on the island in 2001 with service to San Juan (SJU) and has grown its Puerto Rican route map to include Aguadilla (BQN) and Ponce (PSE). The airline will offer 21 peak-day departures in San Juan by June 2023, making it the second-largest carrier by destinations, seats and available seat miles (ASM). This adds to Spirit's growth across the island, which represents more than 200% growth in the past four years. The carrier's commitment to Puerto Rico extends beyond high-value travel options and deep into the vibrant community. The Spirit Charitable Foundation has supported multiple nonprofits doing meaningful work on the island and has donated more than $100,000 in hurricane relief efforts. Introductory Fares: Guests traveling between these new routes can enjoy introductory fares for a limited time, with travel dates and blackout date restrictions. Fares include: Atlanta (ATL)/San Juan (SJU): starting at $59 one-way; Chicago (ORD)/San Juan (SJU): starting at $69 one-way; Dallas (DFW)/San Juan (SJU): starting at $59 one-way; Detroit (DTW)/San Juan (SJU): starting at $79 one-way; Hartford (BDL)/San Juan (SJU): starting at $59 one-way.
お知らせ • Feb 08Spirit Airlines, Inc. Announces Executive ChangesSpirit Airlines announced several leadership promotions and organizational updates across multiple divisions of the company. Scott Haralsonis promoted to Executive Vice President. In this role, Haralson will provide financial management, planning and guidance, and he will continue to report to President & Chief Executive Officer Ted Christie. Haralson has held multiple corporate finance leadership positions with Spirit since 2012 and most recently served as Senior Vice President & Chief Financial Officer since 2018. Simon Gore, Treasurer, has also taken on responsibility for overseeing fuel operations across Spirit’s network. Gore has held various positions in the company since 2008.
お知らせ • Feb 07Spirit Airlines, Inc. Provides Operating Guidance for the First Quarter of 2023 and Full Year of 2023Spirit Airlines, Inc. provided operating guidance for the first quarter of 2023 and full year of 2023. For the quarter, the company expects available seat miles change to be 13.2% compared to 2022.For the year, the company expects available seat miles change to be 19% to 22% compared to 2022.
お知らせ • Jan 19Spirit Airlines, Inc. to Report Q4, 2022 Results on Feb 06, 2023Spirit Airlines, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2023