Spirit Airlines, Inc. (SAVE)
After hours:
| Previous close | 2.2400 |
| Open | 1.4500 |
| Bid | 1.6400 x 2900 |
| Ask | 1.6900 x 34100 |
| Day's range | 1.4000 - 1.7900 |
| 52-week range | 1.4000 - 17.4900 |
| Volume | |
| Avg. volume | 5,071,253 |
| Market cap | 185.085M |
| Beta (5Y monthly) | 1.38 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -6.2000 |
| Earnings date | 24 Oct 2024 - 28 Oct 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 22 Feb 2024 |
| 1y target est | 2.43 |
Barrons.comSpirit Airlines, Palantir, Rivian, EVgo, CVS, Albemarle, Apogee, and More of Today’s Stock Market Movers
A report says Spirit Airlines has been exploring a bankruptcy filing, Palantir stock is headed for another all-time closing high, and Rivian tumbles after saying it was experiencing a ‘production disruption.’
BloombergSpirit Airlines Struggles to Reach Rescue Deal to Avoid Bankruptcy
(Bloomberg) -- Spirit Airlines’ efforts to restructure its debt and avoid filing for bankruptcy have hit a snag after months of talks with bondholders failed to result in a deal, according to people with knowledge of the matter.Most Read from BloombergWhat Do US Vehicle Regulators Have Against Tiny Cars?Mexico City Restricts Airbnb Rentals to Curb ‘Gentrification’NYC Schools Reverse Course on Cell-Phone Ban After Parents BalkThe Corner Store ComebackFor a Master of Brutalist Provocations, a Mode
- Yahoo Finance Video
This is the top concern in the airline industry: Buttigieg
Spirit Airlines (SAVE) shares plunged Friday morning amid concerns of a potential bankruptcy filing. U.S. Transportation Secretary Pete Buttigieg discusses with Yahoo Finance Executive Editor Brian Sozzi how Spirit's potential collapse could impact competition in the airline industry. Buttigieg emphasizes that competition is a major concern, noting that the airline sector has consolidated tremendously from "dozens of players" over the years. While acknowledging that individual companies may face challenges, he stresses that "the sector and the industry structure" remains a significant concern. "If an industry has gotten so consolidated that just four companies have a massive proportion of the business, it's hard to look at that and say that the problem is that the industry is not consolidated enough," Buttigieg states. "I'm very skeptical of the arguments that say there needs to be less competition so we can somehow have more competition." He adds that while regulatory oversight will be handled "case by case", his goal is to promote more competition in the space. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
