spirit airlines (nasdaq: save) is the ultra-low cost airline of the americas and home of the bare fare. spirit’s fares are unbundled; they simply reflect the cost of taking customers to their destination without any extras. every customer gets frill control: the ability to choose what perks and options they’d like to add to the bare fare, independent of the choices of other passengers. structuring fares this way allows every passenger a chance to fly for less than any other airline. spirit’s fit fleet is one of the youngest flying and is one of the most fuel-efficient in the industry. this innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. spirit currently operates more than 250 daily flights to over 50 destinations within the u.s., latin america, caribbean and canada. for more information, head to spirit.com. media note: spirit aircraft photos and video b-roll are available in the pressroom section of spirit.com at spirit.com
Company profile
Ticker
SAVE
Exchange
Website
CEO
Edward Christie
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Spirit Finance • Spirit IP Cayman Ltd • Spirit Loyalty Cayman Ltd ...
IRS number
381747023
SAVE stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
19 Apr 24
8-K/A
Results of Operations and Financial Condition
15 Apr 24
8-K
Results of Operations and Financial Condition
15 Apr 24
8-K
Entry into a Material Definitive Agreement
8 Apr 24
8-K
Entry into a Material Definitive Agreement
29 Mar 24
8-K
Entry into a Material Definitive Agreement
4 Mar 24
8-K
Other Events
22 Feb 24
424B7
Prospectus with selling stockholder info
9 Feb 24
8-K
Other Events
9 Feb 24
S-3ASR
Automatic shelf registration
9 Feb 24
Transcripts
SAVE
Earnings call transcript
2023 Q4
8 Feb 24
SAVE
Earnings call transcript
2023 Q2
3 Aug 23
SAVE
Earnings call transcript
2023 Q2
3 Aug 23
SAVE
Earnings call transcript
2023 Q1
27 Apr 23
SAVE
Earnings call transcript
2022 Q4
7 Feb 23
SAVE
Earnings call transcript
2022 Q3
27 Oct 22
SAVE
Earnings call transcript
2022 Q2
10 Aug 22
SAVE
Earnings call transcript
2022 Q1
5 May 22
SAVE
Earnings call transcript
2021 Q3
28 Oct 21
SAVE
Earnings call transcript
2021 Q2
29 Jul 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 937.72 mm | 937.72 mm | 937.72 mm | 937.72 mm | 937.72 mm | 937.72 mm |
Cash burn (monthly) | 97.46 mm | 9.26 mm | 67.88 mm | 55.45 mm | 64.87 mm | 10.05 mm |
Cash used (since last report) | 665.41 mm | 63.22 mm | 463.49 mm | 378.59 mm | 442.89 mm | 68.65 mm |
Cash remaining | 272.32 mm | 874.51 mm | 474.24 mm | 559.13 mm | 494.83 mm | 869.07 mm |
Runway (months of cash) | 2.8 | 94.5 | 7.0 | 10.1 | 7.6 | 86.4 |
Institutional ownership, Q3 2023
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 223 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 1.66 mm |
Total shares | 2.00 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Comerica Bank | 2.00 k | $1.66 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Apr 24 | Christie Edward M III | Common Stock | Payment of exercise | Dispose F | No | No | 4.7 | 1,129 | 5.31 k | 288,343 |
3 Apr 24 | Haralson Scott | Common Stock | Payment of exercise | Dispose F | No | No | 4.7 | 754 | 3.54 k | 81,746 |
4 Mar 24 | Canfield Thomas C | Common Stock | Grant | Acquire A | No | No | 5.76 | 967 | 5.57 k | 89,817 |
4 Mar 24 | Brian J. McMenamy | Common Stock | Grant | Acquire A | No | No | 5.76 | 131 | 754.56 | 34,073 |
4 Mar 24 | Kevin Blake Vanier | Common Stock | Grant | Acquire A | No | No | 5.76 | 1,058 | 6.09 k | 40,409 |
News
JetBlue Airways Shares Witness Over 10% Drop On Disappointing Annual Outlook
23 Apr 24
Citigroup Maintains Sell on Spirit Airlines, Lowers Price Target to $3.85
17 Apr 24
What's Going On With Airline Stocks Wednesday?
17 Apr 24
Unveiling 6 Analyst Insights On Spirit Airlines
16 Apr 24
TD Cowen Maintains Hold on Spirit Airlines, Lowers Price Target to $4
16 Apr 24
Press releases
Spirit Airlines Unveils New Spirit Central Campus in Dania Beach, Florida
18 Apr 24
Spirit Airlines Announces Deferral of Airbus Aircraft Deliveries
8 Apr 24
Spirit Announces Termination of Merger Agreement with JetBlue
4 Mar 24
Spirit Airlines Reports Fourth Quarter and Full Year 2023 Results
8 Feb 24
BestGrowthStocks.Com Issues Potential Merger Outcomes and Comprehensive Analysis of Spirit Airlines Inc
31 Jan 24