SAVE Jan 2025 4.000 call
| Previous Close | 0.9600 |
| Open | 1.0000 |
| Bid | 1.0000 |
| Ask | 1.0400 |
| Strike | 4.00 |
| Expire Date | 2025-01-17 |
| Day's Range | 0.9600 - 1.0700 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 2.04k |
PR NewswireBirmingham Travelers Gain New, Low-Fare Flights to South Florida with Spirit Airlines
Low-fare travel will take flight at Birmingham-Shuttlesworth International Airport (BHM) starting this fall. Today, Spirit Airlines (NYSE: SAVE) 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
- Yahoo Finance Video
This ‘unappreciated asset’ is positioning Delta for success
Travel demand is projected to hit a record high this summer based on earnings forecasts. However, the ongoing issues facing Boeing (BA) are preventing airlines from accessing new planes, stunting growth amid high demand. Peter McNally, Third Bridge Global's head of industrials, materials, and energy sector, and George Ferguson, Bloomberg Intelligence senior aerospace defense and airlines industry analyst, join Market Domination to discuss the state of the airline industry as the summer travel season heats up. "Capacity is growing; it's just not growing as fast as the airlines hope. And you've got companies like United (UAL) who've got very ambitious targets out to 2026 that they've had to temper that a bit... It doesn't seem like Boeing's problems are going to be sorted anytime soon, and it's not like Airbus (AIR.PA) can go any faster than they already are," McNally explains. Ferguson states that the record travel is due to airlines putting up record schedules, adding, "Thank God they can't get all those airplanes because they crushed margins even more." McNally points to labor costs making airlines less profitable than they were pre-pandemic and believes that Delta Air Lines (DAL) is among those handling the issue best: "The unappreciated asset that Delta has is their tech ops business that allows them to do their own maintenance, repair, and overhaul." Ferguson adds that retirements in the industry will peak in 2026 and 2027, which could cause a pilot shortage. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written and updated by Melanie Riehl
ReutersSpirit Airlines not considering Chapter 11 bankruptcy
CEO Ted Christie's remarks come as the Florida-based company continues to reel from the grounding of several of its aircraft, as well as bloated industry capacity in key markets. Some analysts have also questioned Spirit's ability to manage debt, which is due to mature in 2025 and 2026, as the airlines has continued to lose money despite a strong travel season. The carrier announced plans to cut costs in April, including furloughing about 260 pilots and delaying all aircraft deliveries scheduled from the second quarter of 2025 through 2026.
