1 Wall Street Analyst Thinks Spirit Airlines Stock Is Going to $4. Is It a Sell? [Yahoo! Finance]
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: Yahoo! Finance
To put that figure into perspective, it was more than 17% lower than the share price at the time of writing. Spirit Airlines faces challenges The analyst referred to the company's headwinds in 2024, and it's hard to disagree. Now that the merger with JetBlue is off the table, Spirit must deal with its issues alone. They are not insubstantial. The airline is one of many that have racked up debt due to pandemic-related pressures that have severely damaged the travel sector and airline industry. Its history of cash outflows and weak profitability means investors aren't confident that Spirit will cut its debt burden in due course. Engine issues don't help A slowing economy and rising costs put pressure on budget airlines, and Spirit also has an issue with its all- Airbus fleet. The need to ground Airbus planes using some Pratt & Whitney geared turbofan (GTF) engines hit Spirit operationally and financially, leading it to an even more precarious debt profile. Unfortunately, the
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- Spirit Airlines flight video shows unidentified liquid flowing down aisle [FOX Business Network]FOX Business Network
- Shocked passengers watch liquid leak down airplane aisle from bathroom on flight: Video [USA TODAY]USA TODAY
- Spirit Airlines Optimizes Baggage Operations and Reduces Costs with TA Ramp [Yahoo! Finance]Yahoo! Finance
- The Best U.S. Airlines In 2024—According To A New Report [Forbes]Forbes
- Spirit Airlines: The Spirit Is Gone, Time To Sell [Seeking Alpha]Seeking Alpha
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- 2/8/24 - Beat
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Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- SAVE's page on the SEC website