SAVE
Spirit Airlines, Inc.SAVE
SAVE
Delisted
SAVE was delisted on the 15th of November, 2024.
About: Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
Employees: 13,167
Financial journalist opinion
Neutral
New York Post
1 month ago
Spirit Airlines CEO Ted Christie quits — just months before he was due to get $3.8M bonus
The transition comes as the Florida-based low-cost carrier continues to grapple with financial woes and ongoing restructuring efforts.
Negative
New York Post
3 months ago
Spirit Airlines rejects Frontier's ‘insufficient' bid — and expects to exit bankruptcy this quarter
Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.
Negative
New York Post
3 months ago
Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
Spirit Airlines is laying off approximately 200 employees as part of an effort to reduce expenses as the company looks to emerge from bankruptcy, the company said. The airline's top executive, CEO Ted Christie, informed employees of the job cuts on Wednesday evening.
Negative
Reuters
5 months ago
Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy
Spirit Airlines was expected to be one of the big travel industry winners after the pandemic. But the no-frills pioneer never found its wings in a changed business and operating landscape.
Neutral
Business Wire
5 months ago
NYSE to Commence Delisting Proceedings Against Spirit Airlines, Inc. (SAVE)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the “Company”) — ticker symbol SAVE — from the NYSE. Trading in the Company's common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Co.
Negative
The Street
5 months ago
What the Spirit Airlines bankruptcy will mean for flyers
Spirit has filed for bankruptcy protection after years of financial struggles. Transcript: Conway Gittens: Wall Street looked to the bond market for guidance on Monday following the biggest weekly stock market rout in two months.
Negative
Bloomberg Markets and Finance
5 months ago
Spirit Airlines Files for Bankruptcy, Bondholders to Take Over
Spirit Airlines filed for bankruptcy with a plan to hand over control to bondholders after failing to agree on a merger with rivals. Jonathan Randles reports.
Negative
Fast Company
5 months ago
‘You can continue to book and fly': Spirit Airlines says it will operate normally during Chapter 11 bankruptcy
Spirit Airlines announced Monday that it will enter prearranged Chapter 11 bankruptcy proceedings with backing from a supermajority of its bondholders.
Negative
Invezz
5 months ago
Spirit Airlines files for Chapter 11: unpacking the turbulence and what's next
Spirit Airlines, a pioneer in low-cost air travel, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court of the Southern District of New York. The decision marks the first major US airline bankruptcy since American Airlines in 2011, and it follows years of financial strain worsened by failed mergers and evolving market demands.
Negative
The Guardian
5 months ago
Spirit Airlines files for bankruptcy amid mounting financial losses
Biggest US budget airline says it expects to operate as normal as it works its way through Chapter 11 process
Charts implemented using Lightweight Charts™