Spirit Airlines (SAVEQ)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.07 bn	1.07 bn	1.07 bn	1.07 bn	1.07 bn	1.07 bn
Cash burn (monthly)	(no burn)	(no burn)	201.66 mm	113.41 mm	41.27 mm	55.91 mm
Cash used (since last report)	n/a	n/a	461.22 mm	259.39 mm	94.38 mm	127.87 mm
Cash remaining	n/a	n/a	609.22 mm	811.06 mm	976.07 mm	942.58 mm
Runway (months of cash)	n/a	n/a	3.0	7.2	23.7	16.9

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

SAVEQ institutional ownership history Ownership history

53.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	208	211	-1.4%
Opened positions	39	42	-7.1%
Closed positions	42	61	-31.1%
Increased positions	50	45	+11.1%
Reduced positions	48	52	-7.7%

13F shares	Current	Prev Q	Change
Total value	108.68 bn	138.37 bn	-21.5%
Total shares	58.86 mm	38.44 mm	+53.1%
Total puts	47.48 mm	25.64 mm	+85.2%
Total calls	5.50 mm	5.85 mm	-6.0%
Total put/call ratio	8.6	4.4	+97.1%

Largest owners	Shares	Value	Change
GROW U.S. Global Investors	12.01 mm	$28.82 bn	NEW
HOMZ ETF Series Solutions	12.01 mm	$19.46 mm	NEW
BlackRock	8.14 mm	$19.53 bn	NEW
Vanguard	6.13 mm	$14.72 bn	-24.2%
Geode Capital Management	2.49 mm	$5.98 bn	+0.3%
STT State Street	2.34 mm	$5.61 bn	-14.7%
GS The Goldman Sachs Group, Inc.	1.23 mm	$2.95 bn	+69.9%
Dimensional Fund Advisors	1.11 mm	$2.66 bn	-11.3%
Charles Schwab Investment Management	931.24 k	$2.23 bn	+8.7%
BK The Bank of New York Mellon Corporation	929.09 k	$2.23 bn	-14.0%

Largest transactions	Shares	Bought/sold	Change
GROW U.S. Global Investors	12.01 mm	+12.01 mm	NEW
HOMZ ETF Series Solutions	12.01 mm	+12.01 mm	NEW
BlackRock	8.14 mm	+8.14 mm	NEW
BLK BlackRock	0.00	-8.13 mm	EXIT
Vanguard	6.13 mm	-1.96 mm	-24.2%
D. E. Shaw & Co.	239.06 k	-1.74 mm	-87.9%
LMR Partners	0.00	-1.00 mm	EXIT
BCS Barclays	820.81 k	+727.23 k	+777.1%
Par Capital Management	767.00 k	+667.00 k	+667.0%
BNP Paribas Arbitrage	118.43 k	-627.04 k	-84.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SAVEQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Dec 24	Mark B Dunkerley	Common Stock	Sell	Dispose S	No	No	0.59	20,217	11.93 k	16,901
11 Dec 24	Brian J. McMenamy	Common Stock	Sell	Dispose S	No	No	0.78	473	368.94	99,581
11 Dec 24	Brian J. McMenamy	Common Stock	Sell	Dispose S	No	No	0.77	11,702	9.01 k	100,054
9 Dec 24	H. McIntyre Gardner	Common Stock	Sell	Dispose S	No	No	0.86	48,290	41.53 k	21,955
4 Dec 24	Christine P Richards	Common Stock	Sell	Dispose S	No	No	0.838	20,000	16.76 k	27,118
4 Dec 24	Melinda C Grindle	Class A Common Stock	Sell	Dispose S	No	No	0.8053	15,028	12.10 k	17,612

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Bankrupt Spirit Airlines Rejects Frontier's New Offer, Aims To Finalize Restructuring By Q1 2025

12 Feb 25

Spirit Airlines updates on restructuring, including rejected proposal from Frontier; aims to finalize plan by 2025 Q1. ULCC shares up 2.26%.

Frontier Revives Spirit Merger Talks Citing Stronger Future Together

29 Jan 25

Frontier Group Holdings proposed a merger with Spirit Airlines, offering better recoveries for stakeholders. Frontier open to further discussions.

Frontier Airlines Parent Frontier Group Holdings Confirms It Made Compelling Proposal To Combine With Spirit Airlines

29 Jan 25

Since submitting the proposal, Frontier has held discussions with members of Spirit's board of directors and management team, as well as representatives of Spirit's financial stakeholders with respect to the