What is happening to Spirit Airlines stock?
Spirit expects to be delisted from the NYSE American Stock Exchange in the near term as a result of the Chapter 11 filing, and the Company expects that its common stock will continue to trade in the over-the-counter marketplace through the Chapter 11 process. Spirit Airlines (SAVE) has been analyzed by 2 analysts, with a consensus rating of Strong Sell. Strong Buy, 0% recommend Buy, 0% suggest Holding, 50% advise Selling, and 50% predict a Strong Sell.Spirit, known for its bright yellow planes, low fares and myriad fees, had been successful but high costs, shifting travel preferences and increased competition from larger rivals threw the airline off course. A failed acquisition by JetBlue Airways left the carrier on its own.Spirit Airlines (SAVE) was delisted from the New York Stock Exchange on November 18, 2024.In July 2022, JetBlue announced its acquisition of the foundering Spirit Airlines, which reported a net loss of $36 million in the third quarter of 2022 and $270 million in that year’s fourth quarter.Spirit Airlines has received a consensus rating of Sell. The company’s average rating score is 1.
Is Spirit Airlines a good stock to buy right now?
Spirit Airlines (SAVE) has been analyzed by 2 analysts, with a consensus rating of Strong Sell. Strong Buy, 0% recommend Buy, 0% suggest Holding, 50% advise Selling, and 50% predict a Strong Sell. Spirit Airlines ranked as the safest, with a low number of incidents and accidents per 100,000 flight operations, with no fatalities and fewer than 15 people injured between 2019 and 2024. Spirit Airlines also has a relatively new fleet of aircrafts.Troubles since the pandemic Known for its no-frills, low-cost flights on a fleet of bright yellow planes, Spirit has struggled to recover and compete since the COVID-19 pandemic. Rising operation costs and mounting debt eventually led the company to seek bankruptcy protection in November.Spirit was named Best Airline Overall for 2025 and earned top recognition for safety and affordability for the second consecutive year by WalletHub. Spirit was also recognized by the Airline Passenger Experience Association (APEX) as a 2025 Four Star Low Cost Carrier.Yes, Spirit airlines really was selected the best airline, not Delta. What a study revealed.
Is Spirit Airlines making a comeback?
Spirit Airlines projects profit return in 2027 after restructuring. CHICAGO, Oct 14 (Reuters) – Spirit Airlines said on Tuesday it expects to report losses until 2027 when it estimates to post its first full-year profit in eight years. In a regulatory filing on Tuesday, the Florida-based airline estimated it would incur losses of $804 million in 2025 and $145 million in 2026. The company, however, expects to swing to a profit of $219 million in 2027 – its first annual profit since 2019.
Is Spirit Airlines safe in 2025?
Spirit was named Best Airline Overall for 2025 and earned top recognition for safety and affordability for the second consecutive year by WalletHub. Spirit was also recognized by the Airline Passenger Experience Association (APEX) as a 2025 Four Star Low Cost Carrier. Spirit Airlines (SAVE) Analyst Ratings 0% of analysts recommend a Strong Buy, 0% recommend Buy, 0% suggest Holding, 50% advise Selling, and 50% predict a Strong Sell. This aggregate rating is based on analysts’ research of Spirit Airlines and is not a guaranteed prediction by Public.Spirit Airlines holds several positive signals, but we still don’t find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Who will buy Spirit Airlines?
In July 2022, JetBlue reached an agreement to purchase Spirit for $33. Spirit shareholders. The deal would have made the unified company the fifth-largest airline based in the United States. The New York Stock Exchange (NYSE) has determined that Spirit Aviation Holdings, currently under Chapter 11 bankruptcy process, is no longer suitable for listing and will commence delisting its common stock (ticker symbol FLYY), suspending trading immediately.Updated on: October 1, 2025 / 12:41 PM EDT / CBS News. This week, Spirit Airlines will end service to nearly a dozen cities. The bankrupt low-cost carrier is cutting staff, grounding planes and slashing its flight schedule as it searches for a route back to profitability.United Airlines rules out bid for Spirit Airlines’ assets. NEWARK, New Jersey, Sept 16 (Reuters) – United Airlines (UAL. O) , opens new tab CEO Scott Kirby said on Tuesday his company will not bid for bankrupt Spirit Airlines’ assets if they become available.Spirit filed for bankruptcy protection last year, after the U. S. Justice Department blocked a proposed merger with JetBlue (JBLU). Regulators said the combination would reduce competition and increase fares. Spirit Air stock plummeted more than 45% Tuesday at midday to an all-time low.