Boeing supplier Spirit Aero to furlough employees amid strike
| SAVEDelisted Stock | USD 0.15 0.11 42.31% |
About 63% of Spirit Airlines' investor base is looking to short. The current sentiment of investing in Spirit Airlines suggests that many traders are alarmed. The current market sentiment, together with Spirit Airlines' historical and current headlines, can help investors time the market. In addition, many technical investors use Spirit Airlines stock news signals to limit their universe of possible portfolio assets.
Spirit |
Spirit AeroSystems announced plans to furlough 700 workers for 21 days Friday due to the ongoing Boeing employee strike. The companys hourly direct, support functions and management employees in Wichita, Kansas will face a temporary cessation of paid employment on Oct. 28. Given customer pressures, we are implementing additional cost containment measures and workforce actions,
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Spirit Airlines Fundamental Analysis
We analyze Spirit Airlines' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spirit Airlines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spirit Airlines based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Revenue
Revenue Comparative Analysis
Spirit Airlines is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Spirit Airlines Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Spirit Airlines stock to make a market-neutral strategy. Peer analysis of Spirit Airlines could also be used in its relative valuation, which is a method of valuing Spirit Airlines by comparing valuation metrics with similar companies.
Peers
Spirit Airlines Related Equities
| SNCY | Sun Country | 3.52 | ||||
| LUV | Southwest Airlines | 1.25 | ||||
| JBLU | JetBlue Airways | 0.85 | ||||
| ALGT | Allegiant Travel | 0.35 | ||||
| UAL | United Airlines | 0.17 | ||||
| DAL | Delta Air | 0.81 | ||||
| AAL | American Airlines | 1.88 |
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Other Consideration for investing in Spirit Stock
If you are still planning to invest in Spirit Airlines check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Spirit Airlines' history and understand the potential risks before investing.
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