Spirit Airlines: Bailout Call Option [Seeking Alpha]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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US:NASDAQ Investor Relations:
ir.spirit.com
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Source: Seeking Alpha
Summary Congress seems to have changed its mind, grant money for airlines is back on the table. We can look to 9/11 as a precedent to estimate how direct federal aid would be distributed. Spirit stands to receive $1 billion in grants to fund payroll, relative to a market cap of $890 million. On Tuesday 3/24, Congress seems to have reversed course on an airline bailout package SAVE witnessed massive dilution GM were wiped out entirely in Chapter 11 bankruptcy What value should Spirit investors attach to this bailout call option? To gauge the financial implications, we can look to the closest precedent we have: the terrorist attacks of September 11th, 2001. After 9/11, President Bush signed an airline bailout packag Spirit is not a member of Airlines for America, the trade group that's been in communication with the federal government for assistance, but the 9/11 bailout package was industry-wide, and even included helicopter companies was dependent on the proportion of available seat m
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News
- Where it all went wrong for America's least-loved airline [Yahoo! Finance]Yahoo! Finance
- Spirit is struggling to survive. Bankruptcy will likely mean other airlines raise their prices. [Business Insider]Business Insider
- No, estas imágenes en aeropuertos no son de viajeros que huyen de Trump | Hechos [USA TODAY]USA TODAY
- Airline Stock Roundup: LUV to Trim Workforce, CPA & SAVE in Focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Spirit Airlines, Inc. (NYSE: SAVE) had its price target lowered by analysts at Barclays PLC from $3.00 to $0.50. They now have an "underweight" rating on the stock.MarketBeat
SAVE
Earnings
- 8/1/24 - Miss
SAVE
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form NT
- 11/12/24 - Form SC
- SAVE's page on the SEC website