About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Spoiler: It's a horrifying number. Here's why.Have you been thinking about Spirit Airlines (SAVE 0.93%) lately? You might be, as its stock has fallen, arguably making its stock price more attractive to investors. You might even dream of how much money you could make, and might wonder how much you'd have today if you'd invested $10,000 in it a decade ago. Let's tackle these questions. First, let's look at how the stock has been faring. In October, my colleague Neil Patel asked, "Down 97%, is it time to buy S ...

Spirit Airlines is taking aggressive steps to avoid bankruptcy, but the best-case outcome still isn't likely to result in a huge payday.Spirit Airlines (SAVE -0.73%) is a high-risk investment that only the most aggressive investors should be looking at right now. If you pass that screen, then the next big question is whether the risk is worth the reward. Spirit is in a high-stakes battle to avoid bankruptcy, but even if it manages the feat it probably won't be a millionaire-making achievement.A lot has gone ...

Travelers in the Dominican Republic can enjoy limited-time anniversary fares starting at $129* one wayDANIA BEACH, Fla., Nov. 7, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating two decades of soaring between the Dominican Republic and the United States this November with limited-time anniversary fares and a Free Spirit® loyalty program promotion. Spirit first launched service in Santo Domingo (SDQ) in 2004 and has expanded service to include Punta Cana (PUJ) and Santiago de los Caballeros ( ...

Spirit Charitable Foundation hosts seventh annual Spirit Open with more than 200 participants Event photos are available for download hereDANIA BEACH, Fla., Nov. 6, 2024 /PRNewswire/ -- The Spirit Charitable Foundation's seventh annual Spirit Open was in full swing earlier this week, raising more than $1.2 million for nonprofit organizations throughout Spirit Airlines' (NYSE: SAVE) network. The Foundation hosted the annual charity event with more than 200 participants whose generosity helps advance its miss ...

Spirit Airlines is working from a position of weakness, and the risk is very high for investors that put money into the stock.Spirit Airlines (SAVE 2.92%) looked like it was destined to be merged away after it agreed to be acquired by JetBlue (JBLU 1.23%). Now that the deal has been called off, Spirit Airlines is struggling to stay afloat, and it still may end up going away -- and perhaps not in a positive fashion. This is a high-risk story stock around which investors need to tread very carefully.What went ...

Spirit Airlines announced that it will sell multiple aircraft and lay off workers as the beleaguered carrier tries to raise cash. In a filing on Thursday with the Securities and Exchange Commission (SEC), the ultra-low-cost carrier, whose plan to merge with JetBlue was blocked by regulators this year, said it identified approximately $80 million in annualized cost reductions that it plans to implement next year. These cost reductions will primarily result from "a reduction in workforce commensurate with the ...

The company served up another glimmer of hope that it can navigate its way out of its current mess. Just when it looks like the stock's rally is out of fuel, Spirit Airlines (SAVE 16.48%) finds a way to send its shares even higher. Today's near-20% jump is being driven by another round of news that the struggling airline may yet find a way to sidestep a potential bankruptcy. Another step in the right direction It's been a storied week for the company to say the least. Last Friday its credit card processor ( ...

Topline Spirit Airlines announced in a regulatory filing it would sell some of its older planes and eliminate jobs to reduce costs, causing shares of the budget airline—which dropped after reports the company was considering bankruptcy—to surge 20% on Friday for the stock's latest rally. The low-cost airline's stock has rallied in recent weeks after the company reportedly considered ... [+] bankruptcy. Copyright 2021 The Associated Press. All rights reserved. Key Facts Spirit's shares increased to over $2.9 ...

Spirit may have staved off bankruptcy, at least for the moment. Shares of discount airline Spirit Airlines (SAVE 22.76%) rocketed 105.4% higher through Friday trading at 10:30 a.m. ET, according to data from S&P Global Market Intelligence. Spirit's equity had become distressed after a difficult operational year and after a federal judge blocked its merger with JetBlue in January. With a key deadline looming last week, Spirit announced an extension to refinance its 2025 bonds. Additionally, news of a potenti ...