Spirit's challenges stand out when compared to the "big four" U.S. airlines. Delta, Southwest, American, and United all reported positive sales growth in their most recent quarters. Moreover, they were all profitable in 2023. But the stock is dirt cheap right now. It trades a price-to-sales ratio of just 0.076. This is close to the cheapest shares have ever been. It appears as though the pessimism has never been higher. In order to try and stabilize the business, the management team is making cost cuts. And ...

Dana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and Tomas Ranaldi Promoted to VP, Financial Planning & Analysis Cromer brings three decades of experience in the aviation industry, with expertise in financial management, strategic planning, treasury and operations. Cromer has held numerous executive positions over his career, most recently serving as Chief Executive Officer, and previously Chief Financial Officer, of Xwing, Inc., a fastgrowing aviation technology company and pioneer in ...

Spirit Airlines to offer the only nonstop flight from Birmingham (BHM) to Fort Lauderdale (FLL) this October DANIA BEACH, Fla., June 18, 2024 /PRNewswire/ -- Low-fare travel will take flight at BirminghamShuttlesworth International Airport (BHM) starting this fall. Today, Spirit Airlines (NYSE: SAVE) announced it is bringing affordable air service to BHM beginning October 10, 2024, with the only nonstop flight from BHM to Fort Lauderdale (FLL). Spirit's launch at Birmingham will mark the first time the airl ...

Zacks Rank and Stocks to Consider SAVE currently carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks for investors' consideration in the Zacks Transportation sector include GATX Corporation (GATX) and Trinity Industries, Inc. (TRN) . Each stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. GATX has an encouraging earnings surprise history. The company has surpassed the Zacks Consensus Estimate in three of the last four ...

Guests benefit from increased weight allowance for checked bags and no change or cancel fees DANIA BEACH, Fla. , June 4, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced exciting new benefits for Guests that add value and provide greater flexibility. Travelers can now take advantage of the airline's first of many new milestones toward an enhanced Guest experience with more flexible policies. In addition to Spirit's recently launched no change or cancel fee policy, Guests can now enjoy: Incr ...

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, ...

DANIA BEACH, Fla., May 24, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced the opening of a new crew base for Pilots at Newark Liberty International Airport (EWR) in September 2024, furthering the airline's investments to enhance operational reliability. Spirit expects to locate approximately 200 Pilots in Newark initially, with additional supervisors and support functions to follow. Crew bases are the various airport stations where flight crews typically begin and end their trips. Newark ...

Active-duty U.S. military service members, their spouses and children are entitled to two free checked bags and one free carry-on bag when traveling with the service member DANIA BEACH, Fla., May 24, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is saluting our U.S. military service members and their families with the special thanks they deserve. Today, the airline announced it is extending the existing benefits for active-duty U.S. military service members to their spouses and all their children when t ...

Spirit launched service at SJC in June 2023 and currently offers nonstop flights to Dallas-Fort Worth (DFW), Las Vegas (LAS) and San Diego (SAN). Spirit's Elevated Guest Experience Proposed service would introduce low-fare competition and create the only nonstop service between Silicon Valley and Washington, D.C. DANIA BEACH, Fla., May 23, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE), in partnership with San José Mineta International Airport (SJC), today announced it will apply to the U.S. Department o ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Spirit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 6, 2024, Spirit i ...