Nordnet AB (SE0015192067)
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Savannah Energy has 51.5p share price target from broker Cavendish
The return to trading of Savannah Energy PLC (AIM:SAVE) after a two-year suspension was flagged by house brokers Cavedish and Shore Capital on Tuesday. Cavendish reinstated its target price of 51.5p, a 96% premium to the suspension price.
Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
Spirit Airlines is laying off approximately 200 employees as part of an effort to reduce expenses as the company looks to emerge from bankruptcy, the company said. The airline's top executive, CEO Ted Christie, informed employees of the job cuts on Wednesday evening.
What went wrong for Spirit Airlines?
Spirit Airlines hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020. It filed for bankruptcy protection in November.
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Nordnet AB Profile
| - Industry | - Sector | Edward M. Christie III CEO | XSTU Exchange | US8485771021 ISIN |
| US Country | 13,167 Employees | 29 Feb 2024 Last Dividend | - Last Split | 26 May 2011 IPO Date |
Overview
Spirit Airlines, Inc. is an established airline service provider, known for its budget-friendly travel options. With a history dating back to its incorporation in 1964, the company has evolved significantly from its original incarnation as Clippert Trucking Company, adopting its current name in 1992 to better reflect its focus on airline services. Based in Miramar, Florida, Spirit Airlines has grown to serve a wide network, catering to 93 destinations across 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the airline boasted a fleet of 205 Airbus single-aisle aircraft, showcasing its commitment to offering reliable and efficient service to its passengers.
Products and Services
- Airline Services
- Hotel Booking
- Rental Car Services
Spirit Airlines specializes in providing low-cost, no-frills air travel, focusing on delivering basic transportation services that allow travelers to customize their experience with optional add-ons. The airline's extensive network connects various destinations, making it a popular choice for budget-conscious passengers traveling within the United States, Latin America, and the Caribbean.
In addition to its primary airline services, Spirit Airlines offers its customers the convenience of booking hotels. This service aims to provide travelers with a more comprehensive travel planning solution, allowing them to secure accommodations alongside their flights efficiently and often at discounted rates.
Understanding the needs of its passengers to have seamless ground transport options upon reaching their destinations, Spirit Airlines also facilitates car rental services. This amenity provides passengers the freedom to explore their destinations at their own pace, with the convenience of booking their rental vehicles directly through Spirit Airlines.
