JUMP REPORT
SPIRIT AIR (SAVE)
EARNINGS RELEASE - JULY 22 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -2.66/share REV: 108.28/M
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LAST QTR: EPS: -.62/share ACTUAL: -.86/share (MISS)
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NEXT QTR: EPS: -1.46/share REV: 420.37/M
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FULL YR: EPS: -5.50/Share REV: 1,890/M
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BEAT/MISS RECORD: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 5.56, -14.23, -9.19
EXPECTED JUMP MOVE THIS QUARTER: 10%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
United Airlines will announce on Thursday it will temporarily cut about 50 daily departures from its Newark airport hub starting July 1 to address congestion and as concerns mount over the U.S. summer air-travel season. The summer flight cuts would apply only to domestic flights, represented 12% of United’s 425 daily flights at Newark and would not result in the airline exiting markets, the company told Reuters. The Federal Aviation Administration (FAA) on June 17 granted United approval to temporarily cut Newark flights after the Chicago-based carrier petitioned for a waiver, citing airport construction and air traffic control (ATC) staffing.
Buying Spirit would give JetBlue a chance to bulk up its presence in key airports, expand its roster of planes and pilots, and prevent its rival Frontier from doing the same.
Cowen Senior Research Analyst Helane Becker joins Yahoo Finance Live to discuss airline staffing issues, travel delays and cancellations, inflation, and the outlook for the travel sector.
Two major West Coast airports have recently recognized Spirit Airlines (NYSE: SAVE) for operating with noise levels consistently lower than other airlines — high marks for the airline with leading low fares. Spirit received the top ranking in its respective category in both the Port of Seattle Fly Quiet Awards and the LAX Fly Quieter Program for its operations in 2021.
JetBlue is expanding into Europe while also aggressively pursuing an acquisition of Spirit Airlines, despite struggling to operate its core business reliably.
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Avg Daily Volume: 25,802,839 Market Cap: 1.48B
Sector: Services Short Interest: 24.8
Ticker delayed 20 minutes
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