Schaeffer's Top Stock Picks for '25

Spirit Airlines Wins Key Runway Slots

The company has been trying to secure these spots since 2019

Deputy Editor
Jul 6, 2022 at 10:16 AM
facebook X logo linkedin


Spirit Airlines Incorporated (NYSE:SAVE) is in the spotlight this morning, after Newark-Liberty International Airport reassigned 16 peak-hour runway slots to the airliner. Spirit has been trying to win these slots since Southwest Airlines (LUV) vacated them when it stopped its operations there in 2019, but the Federal Aviation Administration (FAA) had to assess traffic conditions before they were granted. 

Spirit Airline stock is flat today, down 0.3% at $24.08 at last check. When we checked in with SAVE last week, the company had just reported plans to accept Frontier Group's (ULCC) improved takeover bid after a drawn-out bidding war. The stock has been rising since its mid-May 18-month low of $15.92, but has recently been seeing pressure just above the $24.60 level as it reclaims its early-May bear gap. 

It's worth noting that though short interest fell 7% during the last two weeks, it still represents 9% of the stock's available float. Meanwhile, of the nine analysts in coverage, five carry a "strong buy" with four a tepid "hold." 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));