Could financial struggles for 2 major airlines affect holiday travel? [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance
This year, things might be even harder as a couple of the most-traveled airlines in the U.S. are reportedly having financial struggles. The first of which, Southwest Airlines, has announced that it is offering an employee buyout program across more than a dozen U.S. airports, including four in Southern California. The airline says the voluntary buyouts will help it “avert overstaffing in certain locations.” In Southern California, the affected airports will be LAX, John Wayne International Airport, Long Beach Airport and Hollywood-Burbank Airport. Those who choose to accept the buyout will finish their jobs by the end of this year. Offers are expected to go out this week. It's not immediately clear how the downsizing will affect Southwest's operations. It wasn't clear if layoffs would be next, after the buyouts. The news was initially reported by airline blogger JonNYC. Victims, suspect in deadly grocery store shooting in Los Angeles are all teenagers: LAPD Another airl
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News
- 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
- Spirit Airlines stock plunges 59% amid report of bankruptcy deal [Yahoo! Finance]Yahoo! Finance
- Spirit Airlines, which flies out of Logan Airport, may be filing for bankruptcy. Here's what to know [CBS News]CBS News
- Flights continue as normal from Latrobe as fears of bankruptcy cause Spirit Airlines stock to tumble [Yahoo! Finance]Yahoo! Finance
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