Spirit Airlines Inc
Most Recent
ConsumerAlaska Airlines to Report Q2 Earnings, Cancels Layoffs
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.
ConsumerWhat to Expect from American Airlines’ Q2 Results
American Airlines (NASDAQ:AAL) will likely report its earnings for the second quarter of fiscal 2020 before the market opens on July 23.
ConsumerSpirit Airlines Warns of Possible Furloughs
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.
ConsumerJetBlue Airways Reports Q1 Earnings, Discusses 2020 Outlook
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.
ConsumerSpirit Airlines Reports Q1 Losses, Plans to Cut Costs
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.
ConsumerWhat to Expect from Spirit Airlines’ Q1 Results
Spirit Airlines (NASDAQ:SAVE) will likely report its results for the first quarter of fiscal 2020 on May 7 when the market opens.
ConsumerJetBlue Airways’ Q1 Earnings: Losses Could Rise in 2020
JetBlue Airways (NASDAQ:JBLU) will likely report its results for the first quarter of fiscal 2020 on May 7 after the market opens.
ConsumerUnited Airlines Reports Q1 Losses, Buffett Drops Airline Stocks
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.
ConsumerUnited Airlines Q1 Losses Depict a Rough Start to 2020
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.
ConsumerAnalysts Expect American Airlines to Report Higher Q1 Losses
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.
ConsumerAirline Stocks: Wall Street Is Bearish, Cuts Fiscal 2020 Estimates
Airline stocks’ performance has gone downhill since the COVID-19 pandemic hit. Most industries were hit, but the travel industry took a bigger blow.
ConsumerUnited Airlines Stock Fell after Its Preliminary Q1 Results
United Airlines (NYSE:UAL) stock fell 8% in early trading on Monday after the company reported preliminary first-quarter losses.
ConsumerUnited Airlines Will Sell 22 Planes to BOC Aviation amid COVID-19
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.
IndustrialsWhy Airline Stocks Missed 2019 Broader Market Rally
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.
IndustrialsAirbus Gets 100-Aircraft Order from Spirit Airlines
Airbus received firm orders for its 100 A320neo family aircraft from the US-based low-cost carrier Spirit Airlines (SAVE).
IndustrialsAirline Stocks Soar on Strong Job Market Report
Almost every US airline stock soared last Friday after the US Department of Labor reported stronger-than-expected job market data.
IndustrialsUnited Taps Airbus over Boeing for New Aircraft Orders
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.
Company & Industry OverviewsAirline Stocks Fall after Trump Warns of Trade Deal Delay
Airline stocks fell sharply yesterday after Donald Trump warned that a trade deal with China may be delayed. Trump said, “I have no deadline.”
IndustrialsBoeing 797: Which Airlines Want It and Why?
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.
IndustrialsBoeing Logs MAX Orders amid Uncertainty Over Return
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.
Company & Industry OverviewsBoeing Gets Order Boost for Troubled 787 Dreamliner
This morning, Boeing (BA) received a major boost for its troubled 787 Dreamliner, whose order backlog has depleted rapidly.
Company & Industry OverviewsBoeing or Airbus: Who Stole the Dubai Air Show Day 2?
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.
IndustrialsJetBlue Stock: Analysts’ Ratings and Target Prices
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.
Company & Industry OverviewsBoeing May Lose Another Mega Order to Airbus
Boeing (BA) may lose another multibillion-dollar aircraft order to Airbus as its fast-selling 737 MAX aircraft remain grounded.
IndustrialsUnited Airlines Stock: Is It Worth Buying Right Now?
Analysts have remained bullish about United Airlines stock. The analysts polled by Reuters provided a consensus “buy” recommendation on the stock.
Company & Industry OverviewsBoeing Loses Huge Aircraft Order to Airbus
Boeing has reportedly lost a huge aircraft order to Airbus. According to Reuters, GE Capital Aviation Services has ordered 25 Airbus planes.
IndustrialsAirline Stocks: Have Q3 Results Eased Investors’ Fears?
Airline stocks gained altitude in October. The third-quarter results eased investors’ concerns about the global economic slowdown and the MAX grounding.
Company & Industry OverviewsMAX Crisis Costs Boeing Multi-Billion-Dollar Order Loss
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.
IndustrialsWhy Did US Airline Stocks Fall Last Week?
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.
Company & Industry OverviewsSouthwest Airlines Debuts Its New Hawaii Service Early
Southwest Airlines (LUV) announced that its new service between Sacramento and Honolulu would begin on November 10—two months early.
Company & Industry OverviewsWill Delta Benefit from Partnership with LATAM?
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.
FinancialsSouthwest Airlines Stock Up 18% This Year: What’s Next?
Southwest Airlines (LUV) stock, which has been impacted by labor disputes and Boeing’s (BA) 737 MAX crisis, has managed to rebound.
FinancialsAirline Stocks: Bank of America Analyst Is More Selective
Bank of America (BAC) analyst Andrew Didora has become more selective on airline stocks. He upgraded Southwest Airlines (LUV).
IndustrialsHow the 737 MAX Grounding Affects United Airlines Stock
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.
IndustrialsSaudi Oil Attack Could Impact Airline Stocks
A sudden increase in the fuel cost due to the Saudi oil attack could have a massive impact on airlines’ profitability in upcoming quarters.
IndustrialsWhy Airline Stocks Are Underperforming the US Market
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.
Earnings ReportWill Spirit Airlines Continue Strong Earnings Growth in Q2?
Spirit Airlines (SAVE) has been able to post over 50% YoY earnings growth for the last three quarters.
MiscellaneousHow Airline Stocks Have Fared in the First Half of 2019
Airline stocks have had a rough ride in the first half of 2019, and the majority of them have underperformed the broader market.
MiscellaneousWhy Airline Stocks Have Underperformed Broader Markets in 2019
The majority of the airline stocks have underperformed the broader market returns this year so far. The US Global Jets ETF (JETS), which invests in the cargo and passenger airlines, is up 9.6% YTD.
Company & Industry OverviewsUS Airlines Jumped on JPMorgan’s Ticket Fare Hike Comments
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.
IndustrialsHow Airline Stocks Have Fared This Year
Airline stocks have had a rough ride this year so far, with most underperforming the broader market.
IndustrialsAnalysts Maintain Bullish Views on Most Airline Stocks
Analysts recommend “buy” for most airline stocks. Goldman Sachs’ (GS) top picks are American Airlines (AAL) and Spirit Airlines (SAVE), and Credit Suisse’s (CS) favorites are Alaska Air Group (ALK) and Southwest Airlines (LUV).
Earnings ReportSpirit Airlines Expects Growth Momentum to Continue in Q2
Buoyed by its strong first-quarter performance, Spirit Airlines (SAVE) has provided impressive guidance for the second quarter.
Earnings ReportHigher Revenue and Lower Costs Drove Spirit Airlines’ Q1 Earnings
Spirit Airlines (SAVE) reported robust first-quarter results on April 24.
Earnings ReportCan Spirit Airlines Keep the Earnings Surprise Streak Alive?
Spirit Airlines is scheduled to report its first-quarter results on April 25. The airline has an impressive record of beating earnings estimates.
Earnings ReportAnalysts Have Mixed Opinions after LUV’s Downbeat Q1 Guidance
Analysts have mixed views about Southwest Airlines (LUV) stock after the company lowered the unit revenue outlook for the first quarter on March 27.
Earnings ReportAmerican Airlines: What Could Affect Its Q1 Earnings
Analysts expect American Airlines to report an adjusted EPS of $0.51—down 32.4% on a YoY (year-over-year) basis.
Earnings ReportHow Analysts View Hawaiian Airlines ahead of Its Q1 Results
Analysts do not seem very optimistic about Hawaiian Airlines (HA) in the near term.
Earnings ReportModerate Oil Prices Could Support UAL’s Q1 Profitability
WTI oil prices fell ~17% from their peak of $76.40 per barrel on October 3 to $63.58 on April 11.
IndustrialsHow Analysts View American Airlines ahead of Q1 Results
American Airlines (AAL), the fourth-largest US air carrier, is expected to report its first-quarter 2019 results on April 24.
IndustrialsSouthwest Airlines: Analysts Have a Mixed View
Analysts have mixed opinions about Southwest Airlines (LUV) stock. The stock has received a consensus “buy” recommendation.
Company & Industry OverviewsDelta Ups Q1 Outlook on Healthy Demand and New Credit Deal
Raises outlook Delta Air Lines (DAL) shares jumped over 6% on April 2 after the company increased its first-quarter guidance. The airline cited robust passenger demand and a renewed credit-card deal with American Express (AXP) as the main reasons behind the upbeat guidance. Delta now expects its first-quarter revenues to increase by 7% YoY (year-over-year), […]
IndustrialsSouthwest Airlines: Analysts Have a Bullish Stance
With a market capitalization of ~$29 billion, Southwest Airlines (LUV) is the second-largest airline company in the United States.
IndustrialsAmerican Airlines: Analysts Have a Bullish Stance
Analysts have provided a consensus “buy” rating on American Airlines. Approximately 60% of the analysts have provided a bullish recommendation.
IndustrialsBarclays Sees More Upside Potential in Spirit Airlines Stock
Barclays, a major investment research firm, sees more upside potential in Spirit Airlines (SAVE) stock.
Company & Industry OverviewsWhy Goldman Sachs Downgraded Southwest Airlines
On February 20, Goldman Sachs downgraded Southwest Airlines. The company’s new Hawaii route might put pressure on its profits.
IndustrialsAnalysts Expect a Double-Digit Surge in Delta Air Lines Stock
Delta Air Lines (DAL) could be an intriguing choice for investors, according to analysts’ ratings.
IndustrialsAnalysts Expect a Huge Rise in United Airlines’ Share Price
United Airlines could be an intriguing choice for investors. About 62% of the analysts have provided bullish recommendations on the airline.
Earnings ReportAnalyzing Spirit Airlines’ Q4 Earnings
On February 5, Spirit Airlines (SAVE) reported strong fourth-quarter results. The company’s top and bottom line increased significantly.
Earnings ReportFalling Oil Prices Could Boost Spirit Airlines’ Q4 Profits
In the third quarter, Spirit Airlines’ adjusted pre-tax income grew 27% YoY to $130.7 million. The fuel cost increased 31.8% during the quarter.
Earnings ReportAnalysts Expect Spirit Airlines’ Q4 Earnings to Rise 89%
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).
Earnings ReportRevenue Growth, Lower Costs to Drive JetBlue’s Q4 Earnings Higher
JetBlue Airways (JBLU) is scheduled to report its fourth-quarter earnings results on January 24.
Earnings ReportUnited Airlines’ Q4 EPS Are Expected to Jump ~43%
United Airlines (UAL) is scheduled to report its fourth-quarter earnings results on January 15.
Earnings ReportDelta Air Lines Stock Trades at an Attractive Valuation Multiple
With a market cap of $32.7 billion, Delta Air Lines (DAL) is the largest airline company in the United States.
Company & Industry OverviewsDelta Lowered Its Fourth-Quarter Revenue Outlook
Delta Air Lines (DAL) shares fell ~9% on January 3 after the company updated its fourth-quarter outlook.
Company & Industry OverviewsAirlines’ Rating Downgrade: Investors Are Cautious
Most of the analysts polled by Reuters have provided “buy” recommendations on stocks in the airline industry.
FinancialsAirline Stocks: November’s Rally Didn’t Last Long
In November, most of the airline stocks had their biggest gains in 2018. However, airlines’ momentum didn’t last long enough.
IndustrialsWhere Does Delta Air Lines Stand among Its Peers?
Delta has a consensus “buy” rating from analysts covering the stock. About 95% of the analysts provided a bullish recommendation on the stock.
IndustrialsHow Top US Airlines Are Faring on the Valuation Front
With a return of more than 43% YTD (year-to-date), United Continental (UAL) shares have remained the biggest gainer in 2018.
FinancialsWhy Did Airline Stocks Rally in November?
Until the middle of October, airline stocks had been among the most battered stocks due to concerns about overcapacity and rising fuel prices.
Company & Industry OverviewsDelta, United, and Alaska Airlines: Year-to-Date Performance
This year so far, airline stocks have been battered on concerns of rising fuel prices and overcapacity—with the exception of United Continental (UAL) and Spirit Airlines (SAVE).
Company & Industry OverviewsWhat United, Delta and Alaska Airlines’ Valuation Tells You
This year so far hasn’t gone well for the entire airline (IYT) industry. Almost every air carrier has registered a decline in its share price, with a few exceptions.
Company & Industry OverviewsAAL Is Trading at a Discounted Multiple to Its Peers
The year so far has not gone well for the entire airline (IYT) industry, with almost every air carrier having registered a decline in its share price.
IndustrialsHow Is JetBlue Airways Stock Performing?
September is turning out to be a good month for JetBlue Airways’ (JBLU) investors.
Company & Industry OverviewsAirlines Raise Baggage Fees
American Airlines (AAL) was the last of the three legacy carriers to announce an increase in checked baggage fees on Friday.
Company & Industry OverviewsHow Southwest Airlines Stock Has Performed So Far in 2018
Southwest Airlines (LUV) stock has declined 0.5% since its traffic update on September 12.
Company & Industry OverviewsSouthwest Airlines’ Utilization Declined in August
In August, Southwest Airlines’ (LUV) utilization declined 0.6% YoY (year-over-year) to 84.3% as traffic growth lagged capacity growth.
IndustrialsSpirit Airlines and Wall Street Analysts’ Recommendations
As of December 22, 2017, five of the 15 analysts (or 33.3%) tracking Spirit Airlines (SAVE) stock have “strong buy” recommendations.
Company & Industry OverviewsFornaro’s Turbulent Ride and Achievements at Spirit Airlines
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.
Company & Industry OverviewsSpirit Airlines Is Getting a New Chief Executive Officer
Spirit Airlines has announced that Ted Christie, its current CFO (chief financial officer), will take over as CEO at the beginning of 2019.
Company & Industry OverviewsSpirit Airlines to Continue Aggressive Expansion in 2018
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%.
Company & Industry OverviewsWhat Wall Street Analysts Recommend for Southwest Airlines
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.
Company & Industry OverviewsIs Southwest’s Demand Growth Enough to Fill Its Added Capacity?
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.
Company & Industry OverviewsUnited Continental Announces a $3 Billion Stock Buyback Program
United Continental’s board has approved a new share buyback program worth $3 billion—approximately 17% of the company’s market cap of $18 billion at the time of the announcement.
Company & Industry OverviewsWhat Analysts Are Expecting for United Continental
For the fourth quarter of 2017, analysts are expecting United Continental’s (UAL) revenue to rise 1.9% YoY (year-over-year) to $9.2 billion.
Earnings ReportAirlines’ Relative Valuation after 3Q17 Earnings: What Is Priced In?
Southwest Airlines (LUV) currently has the highest forward EV-to-EBITDA multiple of 6.9x among its peers.
Earnings ReportAlaska Air’s 3Q17 Performance: Short-Term Challenges Come to Light
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.
IndustrialsAnalysts’ Recommendations for Southwest Airlines
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 […]
Earnings ReportSouthwest Airlines Reduces Its Debt Slightly
Southwest Airlines ended 3Q17 with ~$3.0 billion in cash on its balance sheet.
Earnings ReportWhy Southwest Airlines Stock Fell after Its 3Q17 Earnings
Southwest Airlines (LUV) reported its 3Q17 earnings on October 26. LUV missed its consensus estimates for revenues while beating its estimates for earnings per share.
Earnings ReportWhat Is Priced into American Airlines’ Valuation?
Currently, American Airlines (AAL) is trading at a forward EV-to-EBITDA ratio of 6.7x.
Earnings ReportChart in Focus: American Airlines’ Debt Levels
At the end of 2Q17, American Airlines had ~$6.9 billion of cash on its balance sheet.
Earnings ReportWhy JetBlue Airways Stock Fell 18.8% in the 3rd Quarter
JetBlue Airways (JBLU) is expected to release its third-quarter earnings on October 24, 2017. In this series, we’ll look at its expansion plans, declining profitability, and valuations.
Earnings ReportDelta Air Lines: Operational Performance for 2017
Delta Air Lines’ (DAL) average traffic increased 3.4% YoY to 61.0 million passenger miles for 3Q17. For the first nine months of 2017, traffic has increased 2.1% to 166.5 billion miles.
Earnings ReportDelta Air Lines Stock Rises after 3Q17 Earnings Release
Delta Air Lines (DAL) reported its 3Q17 results on October 11, 2017. It managed to beat Wall Street analysts’ estimates for both revenue and profits. Its revenue rose 5.5% YoY.
Earnings ReportDo JetBlue’s Key Statistics Support Analyst Estimates?
Historically, JBLU has seen the highest capacity growth among the seven major airlines.
Company & Industry OverviewsWhat Wall Street Analysts Recommend for Spirit Airlines
As of September 21, 30.8% (four analysts) out of the 13 analysts tracking Spirit Airlines (SAVE) had a “strong buy” recommendation.
Company & Industry OverviewsWhy Spirit Airlines’ Stock Has Lost 40% of Its Value in 5 Months
The problems for Spirit Airlines (SAVE) started in early May, when the company ended up canceling hundreds of flights.
Company & Industry OverviewsSpirit Airlines’ Utilization Fell for an 11th Consecutive Month
After five months of improvement in capacity utilization, Spirit Airlines (SAVE) is back to its old ways. The carrier’s capacity growth has outpaced traffic growth…
Company & Industry OverviewsJetBlue Airways’ Load Factor Continues to Fall for 3rd Month in a Row
Since JetBlue Airways’ (JBLU) traffic growth has been lagging behind its capacity growth, utilizations have fallen for the third straight month.