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Stock Market & Financial Investment News

News Breaks
March 13, 2013
08:24 EDTSAVESpirit Airlines reports February traffic up 18.1%
Spirit Airlines reported its preliminary traffic results for February, reporting traffic measured by revenue passenger miles increased 18.1% versus February 2012 on a capacity, or available seat miles, increase of 20.8%. Load factor for February was 83.2%, a decrease of 2.0 points as compared to February 2012. “We believe the strength in demand we are experiencing in March will fully offset the load factor decline experienced in February, which was primarily driven by Northeast schools canceling their winter break,” said Spirit's President and CEO. Spirit's preliminary completion factor for February was 98.7%, the company said.
News For SAVE From The Last 14 Days
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February 9, 2016
16:53 EDTSAVEOn The Fly: Top stock stories for Tuesday
Stocks began the day sharply lower in the wake of a stock market selloff in Japan, but the domestic averages quickly gathered themselves and were in positive territory before long. From there stocks spent most of the day searching for direction but not moving far from the flat line. A late day rally made it seem like a green close was possible, but the averages could not hold and the market's losing streak continued, though the losses were modest. ECONOMIC EVENTS: In the U.S., wholesale sales dipped 0.3% in December, while inventories fell 0.1%. The Labor Department's Job Openings and Labor Turnover Survey showed job openings rose 261,000 in December to about 5.61M. In Asia, most major markets remain closed for Chinese New Year, but one of the exceptions, Japan, saw its main indexes plunge, as the Nikkei dropped 5.4% and the Topix fell 5.5%. COMPANY NEWS: Class A shares of 21st Century Fox (FOXA) declined 1.85% to $24.14 after the company reported lower than expected second quarter revenue and cut its 2016 outlook, while peer Viacom (VIAB) tumbled 21.5% to $32.86 following its own revenue miss. The largest name in the space, Disney (DIS), rose fractionally ahead of its own earnings report after the bell, but its shares dipped nearly 3% in after-hours trading following the company's report... Deutsche Bank (DB) continued its recent slide, falling another 1% in New York trading despite a report of co-CEO John Cryan telling employees in a memo that the bank is "absolutely rock-solid." The stock came well off its lows in afternoon trading, however, after Financial Times said the German giant is considering buying back several billion euros of its debt... Anadarko Petroleum (APC) lost 7.5% to $37.06 after slashing its dividend to 5c from 27c per share, with Anadarko Chairman and CEO Al Walker defending the step as "the appropriate action to take in the current environment." MAJOR MOVERS: Among the notable gainers was Boston Scientific (BSX), which advanced 5% to $16.87 after announcing that the government's Medicare and Medicaid will cover its Watchman cardiac device. Also higher was Salesforce (CRM), which gained 6.1% to $57.33 after being upgraded to Hold from Underperform at Jefferies, with the research firm arguing that Salesforce is seeing improved traction in enterprise and continued solid mid-market performance. In addition, Wyndham (WYN), Spirit Airlines (SAVE) and Masco (MAS) rose 2.6%, 5.8% and 8.2%, respectively, following their quarterly earnings reports. Among the noteworthy losers was ITC Holdings (ITC), which fell 1.85% to $38.65 after agreeing to be acquired by Fortis in a cash-and-stock deal valued at roughly $11.3B. Also lower were Regeneron (REGN) and Wendy's (WEN), which lost 6.3% and 4.3%, respectively, after announcing their quarterly results. INDEXES: The Dow fell 12.67, or 0.08%, to 16,014.38, the Nasdaq lost 14.99, or 0.35%, to 4,268.76, and the S&P 500 declined 1.23, or 0.07%, to 1,852.21.
12:00 EDTSAVESpirit Airlines says 'nothing to report' on whether company interested in merger
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09:40 EDTSAVESpirit Airlines sees FY16 capacity up 20%
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09:39 EDTSAVESpirit Airlines sees Q1 capacity up 27.5%
Spirit Airlines sees Q1 capacity, as measured by Available Seat Miles, or ASMs, up 27.5%. Sees Q1 operating margin of 19%-20.5%. Sees Q1 adjusted CASM ex-fuel down 2.5%-3.5% year-over-year. Sees Q1 economic fuel cost per gallon $1.25. Guidance in a regulatory filing.
06:08 EDTSAVESpirit Airlines reports Q4 total revenue per passenger flight segment down 12.6%
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06:02 EDTSAVESpirit Airlines reports Q4 adjusted EPS $1.02, consensus 99c
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February 8, 2016
07:48 EDTSAVESpirit Airlines volatility elevated into Q4 and outlook
Spirit Airlines February call option implied volatility is at 64, March is at 58; compared to its 52-week range of 29 to 67, suggesting large near term price movement into the expected release of Q4 results on February 9.

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