Barclays analysts sound alarm about big Spirit Airlines problem [TheStreet.com]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.spirit.com
Company Research
Source: TheStreet.com
While beloved by many, Spirit Airlines SAVE has been struggling to turn its finances around this year. The first bankruptcy rumors started to swirl when a federal judge blocked JetBlue JBLU 's plan to acquire it for $3.6 billion back in January, but the trend of poor financial quarters goes back many more months. On July 16, the airline announced that it was cutting its revenue outlook for the third quarter of 2024 to $1.28 billion from the $1.32 to $1.34 billion forecast earlier. In a note sent to his investors on Sept. 17, Barclays BCLYF analysts said that the airline would need a "reduction of 25-30%" to "help support improved unit revenue outcomes that support sustainable profitability." "Based on prior third quarter guidance, we suspect Spirit will have operating cash burn of nearly $700 million in 2024, with modest improvement forecast for 2025," the memo reads further. More Travel: The note suggests investors watch whether Spirit will reduce its network capacity by m
Show less
Read more
Impact Snapshot
Event Time:
SAVE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SAVE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SAVE alerts
High impacting Spirit Airlines, Inc. news events
Weekly update
A roundup of the hottest topics
SAVE
News
- JetBlue is 'undervalued': CEO explains why [Yahoo! Finance Canada]Yahoo! Finance Canada
- Alaska Air Completes Buyout of Hawaiian: What's Next for Investors? [Yahoo! Finance]Yahoo! Finance
- I visited an American Express Centurion Lounge for the first time and realized I've been missing out [Business Insider]Business Insider
- I Turned My Backyard Into an Extra $20K This Summer With This Easy Side Hustle [Yahoo! Finance]Yahoo! Finance
- U.S. airlines cool hiring after adding 194,000 employees in post-Covid spree [MSNBC.com]MSNBC.com
SAVE
Earnings
- 8/1/24 - Miss
SAVE
Sec Filings
- 9/10/24 - Form 8-K
- 8/16/24 - Form 4
- 8/16/24 - Form 4
- SAVE's page on the SEC website