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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 08:48 EDT
Deutsche Bank analyst Michael Linenberg downgraded Spirit Airlines to Hold from Buy.
News For SAVE From the Last 2 Days
Jan 15, 2021 | 12:31 EST
The U.K. is further restricting border controls to prevent new strains of the novel coronavirus from entering the country, suspending all the "travel corridor" arrangements that had meant arrivals from certain countries were not required to quarantine, Reuters' William James reports. The change will become effective at 4:00 GMT on Monday, and means all passengers must have a recent negative COVID-19 test and move immediately into isolation upon arrival, James notes. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL). Reference Link
Jan 14, 2021 | 14:25 EST
Bullish option flow detected in Spirit Airlines with 26,025 calls trading, 3x expected, and implied vol increasing almost 2 points to 73.69%. Jan-21 30 calls and Feb-21 30 calls are the most active options, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 0.21. Earnings are expected on February 3rd.
Jan 14, 2021 | 07:33 EST
Susquehanna analyst Christopher Stathoulopoulos raised the firm's price target on Spirit Airlines to $22 from $19 and keeps a Neutral rating on the shares. While he sees an uneven path for airlines turning cash flow positive, the roll-out and uptake of COVID-19 vaccines now drives his investment framework for the space as his base case view includes an improvement in the administration of the vaccines and demand for air travel accelerating in the second half of this year, the analyst tells investors. In the context of his continued expectation for U.S domestic leisure and "visiting friends and relatives" travel to recover first, Stathoulopoulos adjusted his estimates and price targets for airlines ahead of Q4 earnings reporting from the group.