Last $70.39 USD
Change Today -0.87 / -1.22%
Volume 556.5K
SAVE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

spirit airlines inc (SAVE) Snapshot

Open
$71.43
Previous Close
$71.26
Day High
$71.48
Day Low
$70.31
52 Week High
08/25/14 - $73.62
52 Week Low
09/6/13 - $30.92
Market Cap
5.1B
Average Volume 10 Days
525.6K
EPS TTM
$2.84
Shares Outstanding
72.7M
EX-Date
--
P/E TM
24.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for SPIRIT AIRLINES INC (SAVE)

spirit airlines inc (SAVE) Details

Spirit Airlines, Inc. provides low-fare airline services. It operates approximately 250 daily flights to 50 destinations in the United States, Caribbean, and Latin America. As of December 31, 2013, the company had a fleet of 54 Airbus single-aisle aircraft comprising 29 A319s, 23 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

spirit airlines inc (SAVE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $480.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $305.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $179.4K
Senior Vice President, Acting Vice President ...
Total Annual Compensation: $308.5K
Compensation as of Fiscal Year 2013.

spirit airlines inc (SAVE) Key Developments

Spirit Airlines and Association of Flight Attendants Reach Tentative Agreement

Spirit Airlines and its flight attendants, represented by the Association of Flight Attendants-CWA (AFA), announced that they reached a tentative agreement for a five-year contract. The tentative agreement, which is subject to ratification by the flight attendant membership, planned for fourth quarter 2014, was unanimously supported by the union's leadership. The agreement was reached with the assistance of the National Mediation Board.

Spirit Airlines, Inc. Announces Unaudited Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Spirit Airlines, Inc. announced unaudited earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenues of $499,337,000 compared to $407,339,000 a year ago. Operating income was $105,144,000 compared to $66,758,000 a year ago. Income before income taxes was $103,788,000 compared to $66,827,000 a year ago. Net income was $64,849,000 or $0.88 per diluted share compared to $42,068,000 or $0.58 per diluted share a year ago. Adjusted net income, non-GAAP was $66,465,000 compared to $45,768,000 a year ago. Adjusted net income per share, diluted was $0.91 compared to $0.63 a year ago. Operating income, non-GAAP was $106,343,000 compared to $72,635,000 a year ago. The increase in revenue was driven by growth in flight volume, higher load factors, and higher operating yields. For the six months, the company reported total operating revenues of $937,324,000 compared to $777,776,000 a year ago. Operating income was $165,097,000 compared to $116,427,000 a year ago. Income before income taxes was $163,772,000 compared to $116,511,000 a year ago. Net income was $102,555,000 or $1.00 per diluted share compared to $72,622,000 or $40.0 per diluted share a year ago. Net cash provided by operating activities was $144,135,000 compared to $134,260,000 a year ago. Pre-delivery deposits for flight equipment, net of refunds was $94,009,000 compared to $19,748,000 a year ago. Purchase of property and equipment was $7,430,000 compared to $13,816,000 a year ago. For the quarter, the company reported available seat miles of 4,008,507,000 compared to 3,420,257,000 a year ago. Revenue passenger miles were 3,506,459,000 compared to 2,930,912,000 a year ago. Load factor was 87.5% compared to 85.7% a year ago. For the six months, the company reported available seat miles of 7,793,234,000 compared to 6,547,470,000 a year ago. Revenue passenger miles were 6,795,746,000 compared to 5,592,403,000 a year ago. Load factor was 87.2% compared to 85.4% a year ago.

Spirit Airlines, Inc., Q2 2014 Earnings Call, Jul 29, 2014

Spirit Airlines, Inc., Q2 2014 Earnings Call, Jul 29, 2014

 

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