|Bid||13.27 x 3200|
|Ask||13.30 x 800|
|Day's Range||12.00 - 13.30|
|52 Week Range||7.01 - 55.21|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||3.54|
|Earnings Date||Jul. 22, 2020 - Jul. 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.00|
Yahoo Finance’s Sibile Marcellus joins Akiko Fujita to break down how companies like Delta Airlines are changing the flight experience for travelers amid the coronavirus.
Boeing is laying off over 6,700 of its U.S. workers, with "several thousand” more layoffs planned. Yahoo Finance’s Emily McCormick and Akiko Fujita discuss.
Airline shares were flying higher again on Wednesday, the sector's second straight day of posting double-digit gains on improving optimism that the U.S. economy is in the early stages of a recovery. Shares of Spirit Airlines (NYSE: SAVE) led the way at the open, jumping 18%, while shares of American Airlines Group (NASDAQ: AAL), United Airlines Holdings (NASDAQ: UAL), JetBlue Airways (NASDAQ: JBLU), Alaska Air Group (NYSE: ALK), Hawaiian Holdings (NASDAQ: HA), and Allegiant Travel (NASDAQ: ALGT) were all up double digits.
After losing over 80% of its value in three months, Spirit Airlines stock has surged more than 50% over the past week-and-a-half. However, investors should expect some bumps on the road to an eventual recovery.
Yahoo Finance’s Emily McCormick joins Akiko Fujita to discuss the outlook on air travel as states begin to reopen.
Airline stocks are rocketing higher on Tuesday morning, joining in a broader market rally as investors celebrate signs economic activity is returning to normal and promising developments in the race for the COVID-19 vaccine. Shares of Spirit Airlines (NYSE: SAVE) led the way, up more than 14% as of 10 a.m. EDT, with shares of Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Hawaiian Holdings (NASDAQ: HA) all up double digits.
What happened We've been saying for weeks now that airlines, thanks in part to a government cash infusion, are in no immediate danger of liquidity issues, but the industry needs traffic to normalize in the months to come to avoid dire consequences.
Airlines have been hit hard by the COVID-19 pandemic, sending stocks crashing down and causing Warren Buffett to run for the emergency exits. During a May 12 television interview, CEO David Calhoun said a "major U.S. carrier" will "most likely" go out of business this year, predicting an extended decline in travel.
Over the past decade, this budget airline's stock price soared from $12 to $85, then sank back below $10. Yet while its near-term outlook is bleak, its long-term potential is substantial.
Shares of United Airlines Holdings (NASDAQ: UAL) closed down more than 3% on Thursday and were down 12% earlier in the trading session, as the carrier's troubles continue to mount. It was a down day for most of the airlines, but United continues to underperform. It's been a rough week for United shareholders.
Airline shares were under pressure again on Wednesday following comments from Federal Reserve Chairman Jerome Powell forecasting a long post-COVID-19 recovery that could "leave behind lasting damage" to the economy. The airlines need a quick economic rebound to avoid financial distress, and Powell's comments provided new reason for investors to worry about the viability of airline shares. As of 12:30 p.m. EDT, shares of Spirit Airlines (NYSE: SAVE) were down 14%, shares of United Airlines Holdings (NASDAQ: UAL) were off 9.8%, and shares of Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), and Southwest Airlines (NYSE: LUV) were all down more than 5% apiece.
The analysts covering Spirit Airlines, Inc. (NYSE:SAVE) delivered a dose of negativity to shareholders today, by...
Investors need to pay close attention to Spirit Airlines (SAVE) stock based on the movements in the options market lately.
When travelers buy fewer plane tickets, Spirit Airlines typically lowers its prices, offering unbeatable deals — like $19 per one-way ticket — to get customers off the couch and onto its airplanes. It's the key piece of the low-cost-carrier playbook, and it almost always works. The strategy even proved useful for Spirit in early March, […]
Shares of Spirit Airlines (NYSE: SAVE) were down 13% on Thursday morning after the discount airline posted a first-quarter loss and announced it was raising fresh liquidity via a stock and convertible bond offering. After markets closed Wednesday, Spirit reported a first-quarter loss of $0.86 per share on revenue of $771.1 million, falling short of the consensus estimate for a loss of $0.62 per share on sales of $810 million. Spirit also said it has commenced an underwritten public offering of 12 million shares as well as $150 million in convertible notes due in 2025, with the underwriters having the option to purchase up to 1.8 million additional shares and up to $22.5 million in additional convertible notes if demand for the offerings is strong.
Spirit Airlines (NYSE: SAVE) said late Wednesday that it intends to raise about $130 million in a secondary stock sale and another $150 million via a convertible note offering, the latest airline to move to boost its liquidity in the face of a COVID-19-induced travel slowdown. Spirit has commenced an underwritten public offering of 12 million shares as well as $150 million in convertible notes due in 2025. Spirit and other airlines have seen travel demand fall to near zero due to the pandemic, and the industry does not expect a quick rebound once the virus is contained.
Spirit (SAVE) delivered earnings and revenue surprises of -43.33% and -9.16%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Spirit Airlines, Inc. (SAVE)(“Spirit”) ”) today announced that it has commenced an underwritten public offering of 12,000,000 shares of its common stock (the “Common Stock Offering”) and an underwritten public offering of $150,000,000 aggregate principal amount of convertible senior notes due 2025 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters a 30-day option to purchase up to 1,800,000 additional shares of common stock in the Common Stock Offering and a 30-day option to purchase up to $22,500,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.