SAVE Stock: Spirit Airlines Is Still Counting on JetBlue to Save It
JetBlue(JBLU) InvestorPlace·2024-02-08 22:31
Spirit Airlines (NASDAQ:SAVE) made clear it still wants to merge with JetBlue (NASDAQ:JBLU) as it reported results this morning. The budget airline reported a loss of $148.7 million, $1.36 per share fully adjusted on revenue of $1.32 billion. The loss was smaller than expected. The company also reported a loss for the year of $448 million, $4.10 per share.SAVE stock opened today at $7.32 per share, a market capitalization of about $750 million.Can This Spirit Be Saved?Spirit CEO Ted Christie was optimistic ...