Huge News for Spirit Airlines Stock [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
faces a looming liquidity crisis as its business hemorrhages cash. To stem the bleeding, management has made some desperate decisions such as hiring advisors to help it potentially refinance its large pile of debt. The market has taken these developments poorly -- the stock is trading down by more than 70% so far in 2024. However, some investors have been contrarians on Spirit Airlines: The stock has become one of the most popular holdings among users of the Robinhood Markets trading application. Those shareholders got some big news from Spirit this week that sent the stock soaring. Delaying payments, furloughing pilots Spirit's largest near-term issue is managing its liquidity -- making sure it has enough cash to pay its liabilities, employees, and any loans coming due. With over $300 million in debt coming due in the next 12 months, $3 billion of total debt, and only $1 billion in cash on the balance sheet, it isn't hard to do the math and see that Spirit Airlines is in a to
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News
- What's in Store for Spirit Airlines (SAVE) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Notable earnings before Monday's open [Seeking Alpha]Seeking Alpha
- Spirit Airlines adds two more nonstop destinations from KCI [Yahoo! Finance]Yahoo! Finance
- Spirit Airlines Recognized for Safety and Affordability by WalletHub [Yahoo! Finance]Yahoo! Finance
- Spirit Airlines Recognized for Safety and Affordability by WalletHubPR Newswire
SAVE
Earnings
- 2/8/24 - Beat
SAVE
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- SAVE's page on the SEC website