Spirit Airlines downgraded by Citigroup with a new price target
$SAVE
Air Freight/Delivery Services
Consumer Discretionary
Citigroup downgraded Spirit Airlines from Neutral to Sell and set a new price target of $4.00 from $13.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/17/2024 | $3.00 → $2.00 | Hold → Sell | TD Cowen |
| 7/8/2024 | $3.00 → $2.00 | Hold → Sell | Deutsche Bank |
| 7/5/2024 | Mkt Perform → Underperform | Raymond James | |
| 5/7/2024 | $4.00 → $3.00 | Hold | TD Cowen |
| 4/16/2024 | $5.00 → $4.00 | Hold | TD Cowen |
| 3/27/2024 | $4.00 | Underweight | Barclays |
| 1/22/2024 | $11.00 → $5.00 | Market Perform | TD Cowen |
| 1/18/2024 | $13.00 → $4.00 | Neutral → Sell | Citigroup |
144 - Spirit Airlines, Inc. (0001498710) (Subject)
144 - Spirit Airlines, Inc. (0001498710) (Subject)
144 - Spirit Airlines, Inc. (0001498710) (Subject)
4 - Spirit Airlines, Inc. (0001498710) (Issuer)
4 - Spirit Airlines, Inc. (0001498710) (Issuer)
4 - Spirit Airlines, Inc. (0001498710) (Issuer)
Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported second quarter 2024 financial results. Second Quarter 2024 Financial Results (unaudited) As Reported Adjusted1 Total operating revenues $1,280.9 million $1,280.9 million Operating income (loss) $(152.5) million $(166.9) million Operating margin (11.9) % (13.0) % Net income (loss) $(192.9) million $(157.9) million Diluted earnings (loss) per share $(1.76) $(1.44) "Summer demand remains robust
Strategic and tactical changes benefiting unit revenue Expect cost saving initiatives to benefit 2024 by over $75 million; annualized run-rate savings estimated at over $100 million DANIA BEACH, Fla., May 6, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported first quarter 2024 financial results. First Quarter 2024 Financial Results Quarterly results were in line with expectations despite a 230 basis point1 headwind from deferred recognition in earnings of a significant portion of the credits from Pratt & Whitney related to aircra
MIRAMAR, Fla., Feb. 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported fourth quarter and full year 2023 financial results. Fourth Quarter 2023(unaudited) As Reported Adjusted1 Total operating revenues $1,321.8 million $1,321.8 million Operating income (loss) $(214.8) million $(163.3) million Operating margin (16.3) % (12.4) % Net income (loss) $(183.7) million $(148.7) million Diluted earnings (loss) per share $(1.68) $(1.36) "As we enter 2024, we are beginning to see benefits from the tactical and strategic changes we impleme
TD Cowen downgraded Spirit Airlines from Hold to Sell and set a new price target of $2.00 from $3.00 previously
Deutsche Bank downgraded Spirit Airlines from Hold to Sell and set a new price target of $2.00 from $3.00 previously
Raymond James downgraded Spirit Airlines from Mkt Perform to Underperform
DANIA BEACH, Fla., July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) announced today that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. "We are very pleased that Richard Wallman has agreed to join our board," said H. McIntyre "Mac" Gardner, Spirit's Chairman of the Board. "Richard is a wise and respected business leader, with a deep background in financial management, corporate development, and diverse experience on public and private company boards. Richard will be a tremendous
Appoints Aviation Industry Veteran Fred Cromer as Chief Financial Officer Dana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and Tomas Ranaldi Promoted to VP, Financial Planning & Analysis DANIA BEACH, Fla., July 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE:SAVE) today announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President and Chief Financial Officer, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian McMenamy, who will remain in a senior finance role with the Company to ensure a smooth transition.
Appoints Brian McMenamy as Interim Chief Financial Officer Current CFO Scott Haralson to Join Larger Publicly Traded Company Outside of Airline Industry as CFO DANIA BEACH, Fla., June 3, 2024 /PRNewswire/ -- Spirit Airlines (NYSE:SAVE) today announced that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024. McMenamy succeeds Scott Haralson, Executive Vice President and Chief Financial Officer, who is departing to become CFO of a larger, publicly traded company outside of the airline industry. Haralson will continue in his role through June 14, 2024 to ensure a smooth transition. Spirit will initiate a comprehensive sear
Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported second quarter 2024 financial results. Second Quarter 2024 Financial Results (unaudited) As Reported Adjusted1 Total operating revenues $1,280.9 million $1,280.9 million Operating income (loss) $(152.5) million $(166.9) million Operating margin (11.9) % (13.0) % Net income (loss) $(192.9) million $(157.9) million Diluted earnings (loss) per share $(1.76) $(1.44) "Summer demand remains robust
DANIA BEACH, Fla., July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) announced today that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. "We are very pleased that Richard Wallman has agreed to join our board," said H. McIntyre "Mac" Gardner, Spirit's Chairman of the Board. "Richard is a wise and respected business leader, with a deep background in financial management, corporate development, and diverse experience on public and private company boards. Richard will be a tremendous
Appoints Aviation Industry Veteran Fred Cromer as Chief Financial Officer Dana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and Tomas Ranaldi Promoted to VP, Financial Planning & Analysis DANIA BEACH, Fla., July 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE:SAVE) today announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President and Chief Financial Officer, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian McMenamy, who will remain in a senior finance role with the Company to ensure a smooth transition.
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