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SAVE

Spirit Airlines

$39.64

-0.47 (-1.17%)

16:39
01/15/20
01/15
16:39
01/15/20
16:39

Spirit Airlines sees Q4 TRASM down 3.6%, CASM up 3.3% from last year

In a regulatory 8-K filing, Spirit Airlines announced it estimates its total revenue per ASM, or TRASM, to be down 3.6% year over year. Q4 revenue includes approximately $7.2M of out-of-period revenue related to the reclamation of over-remitted Federal Excise Tax. Without this out-of-period revenue, the company estimates its Q4 TRASM would have been down about 4.3% year-over-year. Q4 adjusted CASM ex-fuel is expected to be up about 3.3% year over year.

SAVE Spirit Airlines
$39.64

-0.47 (-1.17%)

12/02/19
12/02/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Splunk (SPLK) upgraded to Buy from Neutral at Goldman Sachs with analyst Christopher Merwin saying after a "strong" fiscal Q3 report, the he "several catalysts" for Splunk (SPLK) shares to positively re-rate over the next 12 months. 2. Altria Group (MO) upgraded to Buy from Neutral at Citi with analyst Adam Spielman saying it is becoming hard to argue that "tobacco is being disrupted." 3. Plains All American (PAA) upgraded to Outperform from Neutral at Baird. 4. TreeHouse (THS) upgraded to Outperform from Market Perform at William Blair with analyst Jon Andersen saying private brands puts TreeHouse into a "large industry with ample runway for growth." 5. Spirit Airlines (SAVE) upgraded to Buy from Neutral at Buckingham with analyst Daniel McKenzie saying he downgraded the stock in September, arguing that Spirit's revenue outlook was set to worsen on the return of the 737 MAX (BA), the rollout of JetBlue's (JBLU) Fare Families 2.0 and competitive capacity that doubled, but says revenue worries are dissipating on reduced competitive capacity and revenue initiatives are set to finally gain traction in 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/16/19
COWN
12/16/19
NO CHANGE
Target $50
COWN
Outperform
Spirit Airlines price target raised to $50 from $48 at Cowen
Cowen analyst Helane Becker raised her price target on Spirit Airlines to $50 from $48 and called it a Best Idea for 2020. The analyst believes its strategy of stimulating demand through low fares is profitable and repeatable, due to growing unit cost advantage versus peers, improving operations should benefit consumer sentiment and unit costs. Becker reiterated her Outperform rating on Spirit Airlines shares.
01/06/20
SPHN
01/06/20
NO CHANGE
SPHN
United Airlines named a Best Idea as Stephens transfers airline coverage
Stephens transitioned coverage of the airline group to Scott Schoenhaus, who lowered his 2020 estimates for JetBlue (JBLU), Southwest (LUV) and Spirit Airlines (SAVE) and raised his estimates for United Airlines (UAL), which he also named as a Best Idea. He believes harsh weather conditions and some pricing actions around the peak travel weeks created near-term headwinds for some carriers and he continues to believe in an overall lackluster setup for the airline group in the first half of the year. Schoenhaus also took over coverage of American (AAL), Delta (DAL) and SkyWest (SKYW).
01/09/20
VERT
01/09/20
UPGRADE
VERT
Buy
Spirit Airlines upgraded to Buy from Hold at Vertical Research
Vertical Research upgraded Spirit Airlines to Buy from Hold.

TODAY'S FREE FLY STORIES

VALE

Vale

$13.37

-0.275 (-2.02%)

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UBER

Uber

$36.94

1.82 (5.18%)

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  • 06

    Feb

LVS

Las Vegas Sands

$70.95

-3.12 (-4.21%)

11:25
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Las Vegas Sands call volume above normal and directionally bullish »

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SRRA

Sierra Oncology

$0.39

-0.0109 (-2.73%)

11:25
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Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

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Conference/Events
The National Economists Club to hold a luncheon meeting »

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CFA Society of Columbus to hold luncheon meeting on 2020 fixed income »

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INTC

Intel

$60.68

1.1 (1.85%)

, LB

L Brands

$20.40

0.24 (1.19%)

11:18
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On The Fly
Intel, L Brands, Costco upgrades among today's top analyst calls »

Check out today's top…

INTC

Intel

$60.68

1.1 (1.85%)

LB

L Brands

$20.40

0.24 (1.19%)

COST

Costco

$311.46

6.78 (2.23%)

DG

Dollar General

$157.97

(0.00%)

LL

Lumber Liquidators

$8.46

-0.89 (-9.52%)

MS

Morgan Stanley

$55.51

-2 (-3.48%)

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  • 22

    Jan

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  • 05

    Mar

LRCX

Lam Research

$311.12

3.14 (1.02%)

11:17
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  • 29

    Jan

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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Technical Analysis
NYSE market internals summary »

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COLM

Columbia Sportswear

$97.10

1.51 (1.58%)

, VFC

VF Corp.

$94.20

-0.05 (-0.05%)

11:15
01/21/20
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Hot Stocks
Columbia Sportswear rises as VF Corp. review leads to speculation »

Shares of Columbia…

COLM

Columbia Sportswear

$97.10

1.51 (1.58%)

VFC

VF Corp.

$94.20

-0.05 (-0.05%)

KTB

Kontoor Brands

$42.31

0.595 (1.43%)

YETI

Yeti

$36.33

2.1 (6.13%)

03/08/13
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  • 23

    Jan

  • 06

    Feb

RCL

Royal Caribbean

$129.08

-5.96 (-4.41%)

11:15
01/21/20
01/21
11:15
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Options
Royal Caribbean put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 26

    Feb

11:15
01/21/20
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11:15
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General news
Treasury announced $80 B in 4- and 8-week bills for Thursday's auctions »

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General news
U.S. equities opened with losses »

U.S. equities opened with…

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General news
Breaking General news story  »

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Breaking General news story  »

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DISCB

Discovery Inc.

$37.80

(0.00%)

11:14
01/21/20
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Hot Stocks
Breaking Hot Stocks news story on Discovery Inc. »

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  • 27

    Feb

COST

Costco

$311.47

6.79 (2.23%)

, DG

Dollar General

$158.20

0.23 (0.15%)

11:13
01/21/20
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Upgrade
Costco, Dollar General rating change  »

Costco upgraded to…

COST

Costco

$311.47

6.79 (2.23%)

DG

Dollar General

$158.20

0.23 (0.15%)

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  • 22

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  • 05

    Mar

DCPH

Deciphera

$68.42

-0.97 (-1.40%)

11:12
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DISCB

Discovery Inc.

$37.80

(0.00%)

11:04
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Hot Stocks
Breaking Hot Stocks news story on Discovery Inc. »

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  • 27

    Feb

PLT

Plantronics

$31.39

-0.42 (-1.32%)

, BB

BlackBerry

$6.64

-0.085 (-1.26%)

11:03
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Hot Stocks
Plantronics appoints Carl Wiese as EVP, chief revenue officer »

Plantronics (PLT)…

PLT

Plantronics

$31.39

-0.42 (-1.32%)

BB

BlackBerry

$6.64

-0.085 (-1.26%)

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  • 04

    Feb

TSLA

Tesla

$542.30

31.96 (6.26%)

11:00
01/21/20
01/21
11:00
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11:00
Options
Tesla options lead single stocks with 275K contracts in first hour »

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  • 29

    Jan

  • 24

    Feb

  • 23

    Mar

  • 23

    Mar

LK

Luckin Coffee

$48.13

-1.88 (-3.76%)

10:55
01/21/20
01/21
10:55
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10:55
Options
Luckin Coffee put volume heavy and directionally bearish »

Bearish flow noted in…

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