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Spirit Airlines (NYSE: SAVE) Sees Double-Digit Decline as JetBlue Casts Doubt on Merger Deal
Why save $SAVE? Because I like the stock!
So nobody is going to talk about BlackRock increasing their shares in Spirit Airlines yesterday?
$SAVE drops another 17%, down to sub $6 after news that JetBlue could walk away from the merger. Is it a good time to buy?
Any other smooth brains picking up SAVE (Spirit Airlines)?
$SAVE potential squeeze after appeal ?
Spirit Airlines ($SAVE) making big moves
New Meme Stock On The Horizon!!! and more
That's the Spirit - SAVE and JBLU appealing ruling | Trading on News
JBLU will appeal SAVE merger decision. M.O.O.N
Worth selling 45% percent of my portfolio to YOLO on $SAVE? am i regarded?
Is it insider trading if I buy $SAVE and $BA puts after I find a Boeing engine in my backyard?
Spirit ($SAVE) Conceptual Warfare
JetBlue and Spirit to APPEAL Judge's Horrific Ruling
Lost 2.5 months worth of gains in 2 days, selling SAVE at the bottom, even though I told myself to wait for rsi to come back up.
$SAVE Theta-gang play gone wrong, then gone almost right
SAVE Call Spread Expires today ($4.5 short $5 long 200 contracts, prem $3k). Alternatives
$SAVE Premarket is up 20% (at the time of this post)
Save …SAVE. Dicks out for save.pew pew bitches
First Time Buying Options $SAVE ELI5 How This Works
Why I'm not selling $SAVE yet (and you shouldn't either) 💎🙌
Could this be a Buffet moment... SAVE for a sweet min of 3x or 10x gain?
I like SAVE (spirit airlines)it needs to be saved.
Anyone hit the Gard Trifecta and been long on SAVE and MARA and short on CAVA?
Are there any chances of $SAVE rebounding anymore?
Spirit airlines was a lesson in arbitrage plays with mergers/buyouts
Investment advice only shows if you search $SAVE
Where are the regards that made put gains on $SAVE?
Raise your hand if you bought $SAVE today (post-puke)
Raise your hand if you bought $SAVE after the drop today
Do I sell or hold Spirit Airlines $SAVE
Anyone else pick up some $SAVE today?
Bonk now has a higher market cap than Spirit Airlines. One can take you to Vegas, the other is Vegas. $BONK $SAVE
Took out a loan for $SAVE shares at 15y/o… big L
Lost $2k on spirit shares today 🥴 can anybody SAVE me?
I’m 15 and lost $40K on $SAVE shares… lost my entire personal savings.
Dear $SAVE “Investors” what are your next moves?
Nothing can $SAVE me now. From +$24k to -$13k.
Excited to see all the $SAVE loss porn. send it! lol 😂 ✈️
$SAVE down 60% as federal judge blocks JBLU purchase of Spirit Airlines
$SAVE trading is being halted
COVID rampage likely shrank China's population again in 2023
Any other regard buying $SAVE calls?
HOOD, MARA, RIOT, BITF, BTCM, BTBT, WULF, CIFR + SAVE =📈💶
What's your top 3 picks going into 2024? Stocks only please and a bit of an explanation on why you are bullish.
Mentions
I was about to load up on 5000 shares of $SAVE hoping for some good guidance on refinancing debt but got too busy on Friday getting fucked up on tequila. Just saw that chart. Brutal for anyone still holding before the merger... Fuck that stock. I lost so much money on it and it's basically AMC v2.0
I was about to load up on 5000 shares of $SAVE hoping for some good guidance on refinancing debt but got too busy on Friday getting fucked up on tequila. Just saw that chart. Brutal for anyone still holding before the merger... Fuck that stock. I lost so much money on it and it's basically AMC v2.0
RIP to the regard who put his life savings into SAVE
If I was the CEO of SAVE I would charge by the pound. Instant profitability.
I was high last night and forgot I put an extended hours trade in for SAVE lol. Just woke up to a few thousand new shares in my portfolio. God damnit.
SAVE tards are fucking idiots ![img](emote|t5_2th52|4271)
$SAVE calls gonna make me a millionaire
SAVE all in baby! back to $30 ![img](emote|t5_2th52|4276)
Everyone keeps saying good things SAVE. Keep seeing predictions of 15-16 bucks at open. Curious as to why people feel this way.
Holding SAVE bags, hoping the earnings tomorrow doesn't shit the bed. I just want to exit.
I put toooo much money into SAVE 😵💫 feeling nervous
Any opinions/sources as to what SAVE will do this week with earnings?
Bankruptcy would be bullish if it happened soon. Off the top of my head, spirit has roughly 9billion in assets, and 7.9b in liabilities. Total liquidation value is around 1.1billion. There are 109million shares outstanding, so if the entire company was liquidated (today) each share is worth roughly $10. The current MC of SAVE is 400million. So much is dependent on the earnings call Monday morning. Forward guidance is everything, could send this ticker upwards in a major way. I don't see how it can get any cheaper than it already is, because as I mentioned above, a bankruptcy (is that the worse case scenario?) is actually bullish.
Hoping SAVE opens at 10$ Monday
I'm sitting on 160 calls myself. I've been trying to tell people the opportunity that exists here, but it isn't a major brand name so many folks aren't interested. The path forward for SAVE is unfortunately to layoff about 25% - 40% of it's workforce, and sell about 50 of their planes. 25% of the current SAVE float is SHORT. The slightest good news is immensely bullish, because the shorts must rush to cover.
SAVE cannot be saved. Of course it's at an ATL. Follow your dollars all the way to the scene of the crash.
$SAVE is an interesting case at the moment. Just slightly good news is mega bullish news. 25% of the float is currently 'short', and the shorts must stampede rush to cover.
Literally nobody talking about SAVE at all time lows. Maybe a value trap, but if they show even modest beat with a path to pay down that debt it's gonna open higher. I snagged a few leaps for the heck of it. This summer will either be the start of a great comeback story, a buy out, or bankruptcy.
Yeah I’m not falling for this shit a second time ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271). Unless someone comes up with a new bid *post* election, SAVE can try to go save itself somewhere else
I did thanks to $JAGX, gambling on $SAVE calls next!
I feel like SAVE may pop after earnings just because what bad news could they possibly have that isn't already priced into a 76% decrease over 4 months
IMHOTEP ON NEXT TUESDAY WILL SAVE MY PUTS ![img](emote|t5_2th52|51295)
BLNK and SAVE seem worth a look. Both are shorted by about 25%, both need multiple days to cover, < 3. BLNK is now the official electric charger of New York State, which loves electric (see what we did with stoves). SAVE has earnings Monday. Increased travel demand should be a factor. Recent pilot furloughs and delayed plane deliveries with shore up cash for possibly good guidance, but that could also be a hit to the stock long term because airlines need both planes and pilots.
I really hope SAVE does well im down $1500 on their shares
I have some 3.5c's for earnings, hope SAVE is saved!
Also, SAVE is over 25% short with 3 days to cover with earnings on Monday. They just delayed plane deliveries and furloughed pilots to save cash and stock went up 5%. That could help their guidance or that could hurt it. And there’s been an increase in demand.
They're definitely trying to keep this one down!!! $SAVE. "10X BAGGER!!!" E.R. on Monday. Set-up for a major short squeeze when a new suitor is announced. Shorts need 30,000,000 shares to cover. 30% of the float. New buyout offer gaps it to $16 and up from there. Jet Blue offered $35/share before Biden's D.O.J. blocked it.
10x bagger potential with $SAVE. ER Monday morning premarket. Get your options now.
It's not a matter of you being with me. $SAVE could easily gap back above $20 at anytime. Risk/reward says to buy it under $4. Goodluck to you.
#SPY 515 OR SAVE PUPPY FROM PUPPY KILLER Kristi Noem
PLTR puts, LCID calls and 1500 SAVE shares 🔥
$SAVE. It's only a matter of time before a new takeover bid is announced. It wouldn't surprise me if it was not a domestic carrier that makes the offer. Don't be on the sidelines when it happens.
# STARBUCKS CEO CAN SAVE STARUCKS BY INSTITUTING A BAKINI BARISTA POLICY. But he’s too regarded to make the smart decision ![img](emote|t5_2th52|18630)
TIM APPLE SAVE MY CALLS PLEASE ![img](emote|t5_2th52|27421)![img](emote|t5_2th52|27421)![img](emote|t5_2th52|27421)
DJT valuations $0.03 - Real value $48.48 - “TRUMP SAVE MEEEE *violently shits*”
$SAVE. Imagine being short at $3.50 when it opens at $16.
$SAVE. I can't imagine the stress from being short at $3.50 when there was an offer on the table from Jet Blue at $35 and a new suitor is likely to be announced on Monday. Shorts need 30,000,000 shares. 30% of the float.
$SAVE. Buy and hold. Buyout at 10X.
For starters, $SAVE has been under a relentless short attack since the merger (and subsequent appeal) were called off, so it really can't go much lower. They're also trading at something like 0.3 of book value and their market cap ($375m) is way, way below similarly situated competitors. As sort of a crazy example: of their 200 planes, they own 73 A320s outright. The average cost of a new A320 is $100m. Even if you value them at $25m apiece used, that's still $1.8b.
I understand that, was following the SAVE/JBLU case. I'm stating that I believe $LUV will attempt the court dance again
There's still a chance to SAVE an airline.. CVNA was supposed to go bankrupt too.
SAVE = Spirit Airlines. SPR = Spirit Aero systems You belong here.
Bought it at $3 sold it at $11 dammit now own SAVE at $3 let’s goooo
A sad day for BA and SAVE. Remember, whistleblowers are protected by law from retaliation. Just like it says in the lunch room. Don't let this stifle any issues you might take with the manufacturing process that would require time or money to resolve or really even just a moment of your supervisors time. Good talk, back to making money and planes!
https://preview.redd.it/hfl4cgz7jwxc1.jpeg?width=1080&format=pjpg&auto=webp&s=265e34296c2d55b39af1aabf9126771e9149cb55 SAVE is somehow doing even worse
Spirit airlines is the best airline! Say it isn't so! At SAVE 3.4$ and with close to 30% short interest and with only 380M$ market cap which 0.3 book value! 7$ by the end of next week! Spirit Airlines is the GOAT!![img](emote|t5_2th52|4260)
I live in the northeast and i bought fancy greek yogurt yesterday. But I bought the good yogurt so that I can make and pack my own breakfasts instead of buying it at starbucks so really i bought it to SAVE money. Does this break your model?
AMZN CANT SAVE YOU NOW ![img](emote|t5_2th52|29637)
My favorite people here in WSB are the noobs who ask “What app is this?” When it’s clearly Robinhood or WeBull. I want to either scream “SAVE YOURSELF! FLY YOU FOOLS!” or “I am accepting donations, please just give me your money.”
INTC SMCI AMD They all shit tf bed. AI is dead and no one can persuade me otherwise. All that’s left is NVDA. I pray that all you guys calls prevail. NVDA SAVE THE MARKET ONCE I DOUBT IT CAN DO IT AGAIN
# BEZOS PLEASE, SAVE THE NATION'S ECONOMY!! and my calls plz
Correction - *the quicker you SAVE money. The only way to make it is to play, but giving advice is not the way
JAY COME SAVE US![img](emote|t5_2th52|31225)
Haven't bought yet. My position in $SAVE is $0. But i'll remind you this in a couple of months
Eyeing a potential position on $SAVE. The low price has definitely caught my attention, especially considering JetBlue's merge at around $33 per share - it was the DOJ under the JOE BODEN administration (which doesn't have much time left) that blocked the merger. With Icahn snagging 10% of JetBlue, Spirit's shares took a nosedive. Opportunity is knocking loud; time to APE IN???
and name it "AMERICA FREEDOM SAVE THE CHILDREN ACT"
Where’s the guy who a few weeks ago was insisting SAVE was headed back north of 10? he seems to be laying low 🤔
BEARS THOUGHT PCE REPORT WOUKD SAVE THEM ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271) NVDA 880
College debt is mostly in forbearance or default because of the SAVE program. Basically you don't have to pay. I really think this metric is a nothing burger, but the other stuff? Yeah big issue.
That judge is a senile prick. I don’t think SAVE will bankrupt though.
I’m out with a huge loss but sometimes I still stare at SAVE circling the drain to bankruptcy after the judge disallowed their sale to JBLU “for all the fans of Spirit” because after all…
I’m losing more on SAVE shares than options wtf
I should use a HELOC and put it all into SAVE
I believe in SAVE. Save the SAVE.
I believe in SAVE. SAVE THE SAVE
I believe in SAVE. SAVE THE SAVE.
I sold my PM calls at $96 and it just touched $99. I held onto my Visa calls and it just dropped $10 in a day. I sold my SMCI put for 80% loss last week and it went from $300 to $17,000. I bought 2,000 SAVE shares the day before the merger was denied.
As likely as SAVE being sold to JBLU.
SAVE stock is running dangerously close to short squeeze range ![img](emote|t5_2th52|4275)
Save SAVE of course. But wait until the 1st Circuit oks mergers.
I wonder if there are any $SAVE bros left. How many of you all kept hanging on after it hit $5?
I wonder if SAVE and AMC bros ever cry together
$SAVE is under 4$ now!! Bruh there’s about to be a huge opportunity here market cap is under 400M for one of the most popular airlines in USA. Lmao someone needs to just save this company. They have 0 Boeings all airbus I see opportunity
FSR and SAVE ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
Think of it like this- shit goes bad the longer you have it. Everything decays over time including military hardware. Now when that warehouse full of ammo which has a shelf life (ironically, more likely to go boom if you look at it wrong, over time) is just there, at some point you have to decommission it. So now you have to budget how many workers and facilities you need to do so and add it to the budget. Instead, we get to literally SAVE MONEY by fucking up Russia, and make sure we have shiny, ready for war toys.
Throwing some money at SAVE
I only just started fucking with SPY. I’ve lost money on calls and puts over the past year on multiple tickers. I’m still down overall too lol. It’s just that in the past week I’ve remade all that I’ve lost in the past two months solely with spy puts. The money I’ve lost over the past two months is from AAPL and SAVE mostly. And dear god look at SPY. The market has an outage and spy almost hit $490. Oh lord im bout to bust if this holds through morning if Theta doesn’t kill me. Estimated return was 450% for a bit.
Jpow has to bail them out...that's an American Institution! SAVE RED LOBSTER!
glad to see SAVE doing what it’s supposed to
If it makes you feel any better, I bought $SAVE at like $12 hoping for the merger. Got slaughtered. Kept selling and buying back in and finally decided to cut my losses since I had the same gut feeling you did and it dropped like a whole ass dollar from where it was. Saved myself a $10,000 loss.
$SAVE calls I bought 5/17 $5c 50cons at close It rippped 9% the other day and then back down so I’m expecting it to retest going into earnings
My moves for tomorrow: praying to God, Jesus Christ, and everything holy that SMCI does more of what it did today (it went up over 100 points). I have a 1150/1240 call debit spread on it expiring this Friday. I'm scared but hopeful. SAVE ME J. POWELL! SAVE ME JAIME DIMON! SAVE ME TOM CRUISE! SAVE ME OPRAH! PLEEEEASE!
$SAVE gave everything back and more from that cute little pump it had on Monday.
fuck man SAVE leaps are so fuckin cheap, I mean its gotta be over $6 by may 25' right!?!
Kinda want to all In SAVE for a year and just see what happens
SAVE (Spirit Airlines). I bought a bunch of shares @ $15 for the possibility of merger with JetBlue which would’ve paid $30 per share. The merger was blocked. I doubled down for a chance on appeal, then Spirit and JetBlue “mutually agreed” to throw out their appeal and move on. Now I’m here holding 1,400 shares but I’ve averaged down a lot to around $8.60 per share. I think it’s just become a long term hold. As long as they can refinance their debt, I’ll be fine. And I might actually make more than I would’ve with the merger if I hold long enough because I got my cost basis is lower and I have more in the stock.
Can anyone explain to me why $SAVE of all things is recovering here? Shouldn't it be going back down to $4.10?