Spirit Airlines downgraded by Citigroup with a new price target
$SAVE
Air Freight/Delivery Services
Consumer Discretionary
Citigroup downgraded Spirit Airlines from Neutral to Sell and set a new price target of $4.00 from $13.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/17/2024 | $3.00 → $2.00 | Hold → Sell | TD Cowen |
| 7/8/2024 | $3.00 → $2.00 | Hold → Sell | Deutsche Bank |
| 7/5/2024 | Mkt Perform → Underperform | Raymond James | |
| 5/7/2024 | $4.00 → $3.00 | Hold | TD Cowen |
| 4/16/2024 | $5.00 → $4.00 | Hold | TD Cowen |
| 3/27/2024 | $4.00 | Underweight | Barclays |
| 1/22/2024 | $11.00 → $5.00 | Market Perform | TD Cowen |
| 1/18/2024 | $13.00 → $4.00 | Neutral → Sell | Citigroup |
TD Cowen downgraded Spirit Airlines from Hold to Sell and set a new price target of $2.00 from $3.00 previously
Deutsche Bank downgraded Spirit Airlines from Hold to Sell and set a new price target of $2.00 from $3.00 previously
Raymond James downgraded Spirit Airlines from Mkt Perform to Underperform
Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today reported second quarter 2024 financial results. Second Quarter 2024 Financial Results (unaudited) As Reported Adjusted1 Total operating revenues $1,280.9 million $1,280.9 million Operating income (loss) $(152.5) million $(166.9) million Operating margin (11.9) % (13.0) % Net income (loss) $(192.9) million $(157.9) million Diluted earnings (loss) per share $(1.76) $(1.44) "Summer demand remains robust
DANIA BEACH, Fla., July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) announced today that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024. "We are very pleased that Richard Wallman has agreed to join our board," said H. McIntyre "Mac" Gardner, Spirit's Chairman of the Board. "Richard is a wise and respected business leader, with a deep background in financial management, corporate development, and diverse experience on public and private company boards. Richard will be a tremendous
Appoints Aviation Industry Veteran Fred Cromer as Chief Financial Officer Dana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and Tomas Ranaldi Promoted to VP, Financial Planning & Analysis DANIA BEACH, Fla., July 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE:SAVE) today announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President and Chief Financial Officer, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian McMenamy, who will remain in a senior finance role with the Company to ensure a smooth transition.