Spirit Airlines Inc

JetBlue has made a hostile takeover bid for Spirit and is offering $30 per share to Spirit investors. Should you buy Spirit stock as the takeover battle heats up?

Will Spirit Airlines merge with JetBlue or Frontier? Spirit Airlines has decided to stick with the offer it received from Frontier and reject JetBlue's offer.

Budget airline rivals Frontier and Spirit Airlines announced on Feb. 7 that they will merge and create the fifth-largest airline in the U.S. Who owns Frontier Airlines now?

Delta Air Lines (DAL) expects to generate more than $7 billion–$8 billion of operating cash flow and ~$4 billion–$5 billion of free cash flow. It plans to reduce its adjusted net debt to $4 billion by 2020.

In mid-September 2016, the Hawaiian Airlines pilot union opened a strike operations center to operate in the event of a strike.

In 2015, most airline stocks have fallen, and the NYSE ARCA Airline Index (XAL), which is composed of the major US airline stocks, has also tumbled as much as 13.5% year-to-date.

Analysts are estimating 2Q16 revenue of ~$1.7 billion for JetBlue Airways (JBLU), which is a year-over-year increase of 2.2%.

American Airlines (AAL) stock rose almost 0.94% on September 12, the day of its traffic release.

Analyst upgrades Delta Air Lines (DAL) has already received four downgrades since its traffic release yesterday. Imperial Capital reduced its target price from $54 to $50, Deutsche Bank has reduced its target price from $62 to $59, Cowen & Co. has reduced its target price from $66 to $60, and UBS has reduced its target […]

Among the seven major carriers, most analysts seem to favor Delta Air Lines (DAL), which has a “buy” rating from 87.5% of the analysts.

Spirit Airlines’ EBITDA (earnings before interest, tax, depreciation, and amortization) margin is expected to fall to 24.2% in 2016, compared to 26.8% in 2015.

Delta Air Lines (DAL) stock fell 3.5% after its traffic release on September 5, 2017. The negativity has spread to other players.

Decreasing load factors across the airline industry mean that airlines are not able to fill up their seats as fast as they are adding seats. This justifies investor fears of overcapacity.

Delta Air Lines (DAL) reported its 2Q16 results on July 14, 2016. The company’s revenue fell by 2.4% YoY (year-over-year) to $10.5 billion.

For October, SAVE was ranked third on the metric according to the Department of Transportation. That’s a huge improvement since Spirit has historically been last.

In November 2017, Southwest Airlines’ (LUV) traffic grew 3.4% year-over-year (or YoY). This growth was higher than its capacity growth of 2.5% YoY in the same month.

The airline industry is capital-intensive, with high levels of depreciation and amortization and varying degrees of debt and operating leases. To neutralize these factors, we use the EV-to-EBITDA ratio to value airline stocks.

Right now, 36.8% of the analysts tracking Southwest Airlines (LUV) stock have given it “strong buy” ratings. Another 52.6% of analysts have “buy” ratings on the stock.

Currently, American Airlines (AAL), Southwest Airlines (LUV), and Alaska Air Group (ALK) are all trading at ~5x their forward EV-to-EBITDA multiples.

Spirit Airlines (SAVE) is headquartered in Miramar, Florida. It’s a pioneer of ultra-low-cost carrier or ULCC airlines.

FedEx Express offers three US overnight package delivery services: FedEx First Overnight, FedEx Priority Overnight, and FedEx Standard Overnight.

The most recent phase of consolidation that began in 2005 has seen 13 airline mergers and acquisitions. Four of these deals are worth special mention because they changed the face of the industry.

Southwest Airlines’s (LUV) current valuation is slightly lower than its average valuation of 4.8x since October 2008.

Despite its fall in 3Q16, Spirit Airlines’ stock continues to be the best performing airline stock in 2016. The stock has risen almost 9% year-to-date.

Second quarter 2016 estimates Analyst estimates serve as an effective proxy for gauging what’s priced into the market. For 2Q16, analysts are estimating Southwest Airlines revenues to grow by 5.7% to $5400 million. For the next two quarters, though sales are expected to grow, the growth rate in expected to slow down from 5.7% in […]

Airline financials improved drastically in the past three years. Frontier Airlines’ IPO seems to be hitting the market at the right time for its investors.

The problems for Spirit Airlines (SAVE) started in early May, when the company ended up canceling hundreds of flights.

JetBlue Airways (JBLU) is expected to release its 2Q16 earnings on July 26. According to an analyst consensus, JBLU is expected to earn $0.49 in 2Q16, compared to earnings per share of $0.44 in 2Q15.

As of June 9, four of the analysts (25%) tracking United Continental (UAL) had a “strong buy” recommendation on the stock, while five (31.3%) had a “buy.”

After crude oil prices, labor costs are the largest part of an airline’s expenses. Pilot strikes and shortages continue to present problems.

Of the 15 analysts rating Spirit Airlines’ stock, 80% (12 analysts) have a “buy” rating, 20% (three analysts) have a “hold” rating, and none of the analysts have a “sell” rating.

For 4Q15, Spirit Airlines recorded a solid 27.5% YoY growth in its traffic numbers. The traffic growth was boosted by lower airfares, strong network expansion, and an overall strength in the industry and economy.

Spirit Airlines (NASDAQ:SAVE) is set to report its fiscal 2020 second-quarter results on July 23. Analysts expect losses and a decline in revenue from almost all airlines.

American Airlines (NASDAQ:AAL) will likely report its earnings for the second quarter of fiscal 2020 before the market opens on July 23.

Alaska Airlines (NYSE:ALK) will likely report its second-quarter results on July 23 after the market opens. For now, the company will avoid pilot furloughs.

JetBlue Airways (NASDAQ:JBLU) reported its results for the first quarter of fiscal 2020 on May 7. So far, 2020 has been bad for the airline industry.

Spirit Airlines (NASDAQ:SAVE) reported its results for the first quarter of fiscal 2020 on Thursday. The company’s first-quarter revenue missed the estimates.

Spirit Airlines (NASDAQ:SAVE) will likely report its results for the first quarter of fiscal 2020 on May 7 when the market opens.

JetBlue Airways (NASDAQ:JBLU) will likely report its results for the first quarter of fiscal 2020 on May 7 after the market opens.

United Airlines fell by 14.7% on May 1. The airline mentioned in its preliminary results that it would report a loss close to $2 billion.

United Airlines will likely report its results for the first quarter of fiscal 2020 on May 1. The company expects to report a loss of $2.1 billion.

American Airlines will likely report its results for the first quarter of fiscal 2020 on April 30. Analysts aren’t hopeful about the first-quarter results.

Airline stocks’ performance has gone downhill since the COVID-19 pandemic hit. Most industries were hit, but the travel industry took a bigger blow.

United Airlines (NYSE:UAL) stock fell 8% in early trading on Monday after the company reported preliminary first-quarter losses.

United Airlines (NYSE:UAL) has fallen 3.7% in pre-market trading as of 7:03 AM ET today. The airline industry has been hit hard by the COVID-19 pandemic.

Airline stocks were among the few industries that lagged last year’s broader market rally. The broader US stock market had a remarkable run last year.

Airbus received firm orders for its 100 A320neo family aircraft from the US-based low-cost carrier Spirit Airlines (SAVE).

Almost every US airline stock soared last Friday after the US Department of Labor reported stronger-than-expected job market data.

United Airlines has chosen Airbus for its new aircraft requirements. On December 3, it placed orders for 50 new long-range, single-aisle Airbus A321XLRs.

Airline stocks fell sharply yesterday after Donald Trump warned that a trade deal with China may be delayed. Trump said, “I have no deadline.”

The airline industry is a capital-intensive industry and thus airline companies have substantial debt on their balance sheets.

For Boeing, most of 2019 has been about the 737 MAX. It’s curbed the decision about whether to build its 797 model until the 737 MAX crisis is resolved.

The 2019 Dubai Airshow brought good news for Boeing. The company logged new requests for its troubled 737 MAX aircraft after several months of frozen orders.

This morning, Boeing (BA) received a major boost for its troubled 787 Dreamliner, whose order backlog has depleted rapidly.

The second day of the Dubai Air Show was quite eventful. Boeing and Airbus were both vying for new contracts, but Airbus stole the spotlight.

With a year-to-date return of 21.9%, JetBlue Airways (JBLU) stock is one of the airline industry’s top performers. Here are analysts’ views on the stock.

Boeing (BA) may lose another multibillion-dollar aircraft order to Airbus as its fast-selling 737 MAX aircraft remain grounded.

Analysts have remained bullish about United Airlines stock. The analysts polled by Reuters provided a consensus “buy” recommendation on the stock.

Boeing has reportedly lost a huge aircraft order to Airbus. According to Reuters, GE Capital Aviation Services has ordered 25 Airbus planes.

Airline stocks gained altitude in October. The third-quarter results eased investors’ concerns about the global economic slowdown and the MAX grounding.

Last week, Boeing (BA) lost a multi-billion-dollar order to its arch-rival Airbus. There’s still uncertainty about the 737 MAX’s return.

Last week, the broader market sell-off battered US airline stocks. New tariffs on Airbus planes and dismal economic data impacted the long-term growth prospects.

On Thursday, Delta Air Lines announced a partnership with LATAM Airlines in a deal worth $2.25 billion. Delta will acquire a 20% stake in LATAM.

Southwest Airlines (LUV) stock, which has been impacted by labor disputes and Boeing’s (BA) 737 MAX crisis, has managed to rebound.

Bank of America (BAC) analyst Andrew Didora has become more selective on airline stocks. He upgraded Southwest Airlines (LUV).

One of 2018’s top airlines, United Airlines stock has struggled to gain altitude in 2019. UAL has returned ~9% YTD, lagging the broader market.

A sudden increase in the fuel cost due to the Saudi oil attack could have a massive impact on airlines’ profitability in upcoming quarters.

The year so far hasn’t gone well for airline stocks, as the majority have underperformed the broader markets. The US Global Jets ETF (JETS) is up just 1.2% year-to-date.

Spirit Airlines (SAVE) has been able to post over 50% YoY earnings growth for the last three quarters.

US airline stocks gained massively on June 13 after a JPMorgan Chase analyst said that the carriers are lifting fares more rapidly than anticipated. The analyst believes that in addition to the strong travel demand, US air carriers are also benefiting from a reduction in the supply of flights and seats due to the worldwide grounding of Boeing’s 737 MAX jets.

WTI oil prices fell ~17% from their peak of $76.40 per barrel on October 3 to $63.58 on April 11.

With a market capitalization of ~$29 billion, Southwest Airlines (LUV) is the second-largest airline company in the United States.

Analysts have provided a consensus “buy” rating on American Airlines. Approximately 60% of the analysts have provided a bullish recommendation.

On February 5, Spirit Airlines (SAVE) reported strong fourth-quarter results. The company’s top and bottom line increased significantly.

For the fourth quarter, analysts expect an adjusted EPS of $1.38 for Spirit Airlines, which implies a rise of 89% YoY (year-over-year).

JetBlue Airways (JBLU) is scheduled to report its fourth-quarter earnings results on January 24.

With a market cap of $32.7 billion, Delta Air Lines (DAL) is the largest airline company in the United States.

Delta Air Lines (DAL) shares fell ~9% on January 3 after the company updated its fourth-quarter outlook.

Most of the analysts polled by Reuters have provided “buy” recommendations on stocks in the airline industry.

In November, most of the airline stocks had their biggest gains in 2018. However, airlines’ momentum didn’t last long enough.

With a return of more than 43% YTD (year-to-date), United Continental (UAL) shares have remained the biggest gainer in 2018.

Until the middle of October, airline stocks had been among the most battered stocks due to concerns about overcapacity and rising fuel prices.

September is turning out to be a good month for JetBlue Airways’ (JBLU) investors.

American Airlines (AAL) was the last of the three legacy carriers to announce an increase in checked baggage fees on Friday.

Spirit Airlines’ (SAVE) capacity is expected to increase 17.5% YoY in the fourth quarter of 2017, leading to a 2017 capacity growth of about 16.5%.

ALK’s 3Q17 net income fell 3.9% YoY to $266.0 million, leading to earnings per share (or EPS) of $2.24 and missing analysts’ estimates of $2.26 per share.

Analysts’ recommendations Of the 17 analysts tracking Southwest Airlines (LUV), 36.8% of the analysts (seven analysts) gave a “strong buy” rating on the stock, while another 47.4% (nine analysts) gave a “buy” rating. The remaining 15.8% (three analysts) gave a “hold” rating. None of the analysts gave a “sell” or “strong sell” rating on the […]

Currently, American Airlines (AAL) is trading at a forward EV-to-EBITDA ratio of 6.7x.

Since JetBlue Airways’ (JBLU) traffic growth has been lagging behind its capacity growth, utilizations have fallen for the third straight month.

Demand growth for the top seven airline players averaged at 6.1% year-over-year or YoY for July 2017—a significant improvement.

Currently, both Alaska Air (ALK) and Southwest Airlines (LUV) are trading at industry-leading valuations of 6.8x their forward EV/EBITDA multiples.

Unit revenue or passenger revenue per available seat mile are the airline industry’s most-watched metric. It measures the efficiency of an airline’s operations.

For 3Q17, Spirit Airlines’ (SAVE) sales are expected to rise 21.7% year-over-year (or YoY) to $756.4 million.

Spirit Airlines (SAVE) had no debt until 4Q14. Debt rose to $646 million at the end of 2015 and $981.7 million at the end of 2016.

For 2Q17, Spirit Airlines’ adjusted operating profit improved 8.9% year-over-year (or YoY) to $132.7 million.

In early May, Spirit Airlines (SAVE) ended up canceling more than 300 flights due to the pilot strike.

Southwest Airlines’ (LUV) debt level has remained almost constant for nearly three years at an average of $3.0 billion.

JetBlue has one of the lowest valuations among major air carriers.

Delta Air Lines (DAL) is currently valued at 5.8x its forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple.

Delta Air Lines’ (DAL) cost per available seat mile excluding fuel and including profit sharing (or CASM-ex) rose 7.3% year-over-year (or YoY).