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Spirit AirlinesNASDAQ
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  • Yesterday, 7:03 AM
    • Spirit Airlines (NASDAQ:SAVE) reports revenue passenger miles increased 15.5% in November to 1.7689B.
    • Capacity was up 16.4% Y/Y to 2.1773B available seat miles.
    • Average stage length -1.4% to 986 miles.
    • November load factor -60 bps to 81.3%.
    • YTD load factor +30 bps to 85.1%.
    | Yesterday, 7:03 AM | 4 Comments
  • Yesterday, 2:33 AM
    • In a likely controversial step, the Department of Transportation is considering eventually allowing in-flight calls from airline passengers - with two important caveats: airlines will have the option of whether to provide the service, and passengers must be informed well in advance if the flight allows calls.
    • The FCC currently prohibits passengers from talking on cellphones during flights (due to disruption of certain radio frequencies) but not Wi-Fi calls.
    • Related tickers: AAL, ALK DAL, JBLU, LUV, SAVE, UAL, VA
    | Yesterday, 2:33 AM | 10 Comments
  • Thu, Dec. 8, 7:38 AM
    | Thu, Dec. 8, 7:38 AM | 4 Comments
  • Mon, Nov. 28, 2:36 PM
    • An American Airlines Group (AAL -1%) jet made the first Miami-to-Havana commercial flight in more than fifty years earlier today.
    • A JetBlue (JBLU -2.6%) flight from NYC's Kennedy airport also made its way to Havana today.
    • Flight into Havana from United Continental (UAL -1.3%), Delta Air Lines (DAL -1.3%), Frontier Airlines, Spirit Airlines (SAVE -1.5%) are also scheduled for this week.
    • Southwest Airlines (LUV +0.1%) and Alaska Air Group (ALK -0.5%) are adding service later on. 
    • The airlines are sticking with their plans to fly into Cuba, despite some uncertainty over President-elect Trump's position on U.S.-Cuba relations.
    | Mon, Nov. 28, 2:36 PM | 6 Comments
  • Thu, Nov. 17, 10:57 AM
    • U.S. air fares fell back 2.2% M/M in October, according to data compiled by the Bureau of Transportation Services.
    • The fall is the third time in the last four months that fares have dropped. On an unadjusted year-over-year comparison, fares were down 5.2% during the month.
    • The lower level of fares will factor into the hyper-watched revenue per available seat mile metric.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Thu, Nov. 17, 10:57 AM | 3 Comments
  • Tue, Nov. 15, 7:57 AM
    • Analyst are still buzzing over Warren Buffett's move to invest in four major airline stocks at once.
    • "What Buffett is basically saying is that the US industry has reached a position of relative stability and will behave," notes Hamlin Transportation Consulting analysts George Hamlin.
    • Other industry watchers think that the boost of confidence from Omaha could bring in a new wave of buyers to the sector which trades at low valuations.
    • Buffett picks in premarket trading: UAL +3.26% AAL +5.65% DAL +3.86% LUV +2.80%.
    • Other airline stocks: JBLU +1.77%, Hawaiian Holdings (NASDAQ:HA) +1.00%, while Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE) and Allegiant Travel (NASDAQ:ALGT) haven't started trading yet.
    • Related ETF: JETS.
    • Previously: Buffett buys airlines (Nov. 14)
    | Tue, Nov. 15, 7:57 AM | 3 Comments
  • Mon, Nov. 7, 12:36 PM
    • Wolfe Research analyst Hunter Keay isn't worried that higher oil prices in the future will be a negative for airline companies.
    • He thinks the impact of capacity discipline is more important than the bottom line of a lower fuel spend. Keay's analysis is below.
    • "Multiples drive about 70 percent of the movement in stock prices. And multiples are dictated by the perception of pricing power, and pricing power is dictated by capacity control. Excess capacity drives pricing down... It’s not about profits, it’s about how they make the profits, about pricing power. Capacity discipline and fundamental behaviors are far more important than the amount of money they earn."
    • Oil prices are up 0.7% on the day, but have dropped sharply over the last month.
    • Airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCQX:DLAKF, OTCPK:QUBSF, ALK, HA, OTCPK:AIRYY, OTC:MLYAF, OTCPK:AFLYY, VLRS, LUV, OTC:RYAOF, VA, LFL, SAVE, ALGT, CEA, OTC:EJTTF, OTCQX:ESYJY, AVH, OTC:AFRAF, OTCPK:ICAGY.
    • Airline ETF: JETS.
    | Mon, Nov. 7, 12:36 PM | 17 Comments
  • Mon, Oct. 31, 9:00 AM
    • JPMorgan sees upside potential for two airline stocks.
    • The investment firm lifts its price target on Spirit Airlines (NASDAQ:SAVE) to $52 from $46. Shares of Spirit are already up 21% YTD.
    • The PT on United Continental (NYSE:UAL) moves to $86.50 from $61.50 to represent 57% upside potential from Friday's closing price.
    | Mon, Oct. 31, 9:00 AM | 3 Comments
  • Fri, Oct. 28, 10:13 AM
    | Fri, Oct. 28, 10:13 AM | 1 Comment
  • Tue, Oct. 25, 10:49 AM
    • Shares of Spirit Airlines (NASDAQ:SAVE) are up 5.06% after the company beat profit expectations with its Q3 report.
    • Music to the ears of investors was the statement from CEO Bob Fornaro that the company saw a "modest" improvement in industry pricing during the quarter.
    • Revenue per available seat mile fell 7% in Q3, despite an 80 bps improvement in the carrier's load factor.
    • SAVE has now rallied 24% in just a month, including today's pop.
    • Previously: Spirit Airlines beats by $0.15, beats on revenue (Oct. 25)
    | Tue, Oct. 25, 10:49 AM
  • Tue, Oct. 25, 6:01 AM
    • Spirit Airlines (NASDAQ:SAVE): Q3 EPS of $1.24 beats by $0.15.
    • Revenue of $621.33M (+8.1% Y/Y) beats by $5.24M.
    • Press Release
    | Tue, Oct. 25, 6:01 AM | 8 Comments
  • Mon, Oct. 24, 5:30 PM
    | Mon, Oct. 24, 5:30 PM | 28 Comments
  • Tue, Oct. 18, 8:59 AM
    • U.S. air fares edged up 0.4% M/M in September to reverse a down trend, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors again during the month.
    • Research firm Hopper expects fares to continue to drop this month before rebounding around Thanksgiving.
    • The lower level of fares at the start of October will impact the hyper-watched Q4 revenue per available seat mile.
    • BTS data
    • Chart of BTS air fare data vs. Hopper's Index (2013-2016)
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Tue, Oct. 18, 8:59 AM
  • Thu, Sep. 29, 9:02 AM
    • Imperial Capital issues a very positive outlook on Spirit Airlines (NASDAQ:SAVE) as it initiates shares with an Outperform rating and assigns a price target of $51 (21.8% upside).
    • The investment firm thinks the airline stock has been held back due to the intense focus on fare wars in key markets.
    • IC on Spirit: "Concerns about SAVE's competitive position are over-done, in our view, as evidenced by its superior pretax margins despite increased competition. In fact, we believe SAVE’s recent competitive experience is not dissimilar to those faced by LUV and Ryanair (NASDAQ:RYAAY) during the early stages of their growth plans, which turned out to be tremendous buying opportunities at the time."
    | Thu, Sep. 29, 9:02 AM | 3 Comments
  • Sat, Sep. 24, 9:14 AM
    • Spirit Airlines (NASDAQ:SAVE) could soar if fare competition in the U.S. market eases back, points out Barron's.
    • A rationalization in the airline industry has the potential to bring the focus of investors back on valuation to the benefit of Spirit.
    • Spirit by the numbers: P/E ratio of 9.9 off of 2017 estimates; EV/EBITDA ratio of 4.4 vs. industry average of 5.3; share price -26%  vs. 52-week high; $61.08 consensus price target on SAVE from Wall Street (+54% upside).
    • The argument from Barron's could be convincing enough to gives Spirit shares a little bounce on Monday.
    | Sat, Sep. 24, 9:14 AM | 4 Comments
  • Fri, Sep. 16, 8:44 AM
    • U.S. air fares fell 3.5% Y/Y and 5.5% M/M in August to stay in a down trend, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors again during the month.
    • Research firm Hopper expects fares to continue to drop until bottoming out at an average of $210 in January 2017.
    • The lower level of fares will impact Q3 revenue per available seat mile, although those expectations are already included in guidance updates.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Fri, Sep. 16, 8:44 AM | 21 Comments