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SAVE

21.29USD-0.14(-0.65%)Market Closed

Spirit Airlines Inc

Market Summary

USD21.29-0.14Market Closed
-0.65%

SAVE Alerts

SAVE Stock Price

RSI Chart

Valuation

Market Cap

2.4B

Price/Earnings

-6.34

Price/Sales

0.5

Price/Cashflow

-23.41

MarketCap/EBT

-5.2

Price/Sales

Profitability

EBT Margin

-9.70%

Return on Equity

-20.15%

Return on Assets

-4.27%

Fundamentals

Revenue

Revenue (TTM)

4.7B

Revenue Y/Y

45.58%

Revenue Q/Q

-1.72%

Earnings

Earnings (TTM)

-370.6M

Earnings Y/Y

-346.22%

Earnings Q/Q

30.59%

Price Action

52 Week Range

15.9228.30
(Low)(High)

Last 7 days

-2.0%

Last 30 days

-0.7%

Last 90 days

-3.6%

Trailing 12 Months

-2.8%

Financial Health

Current Ratio

0.93

Debt/Equity

1.68

Debt/Cashflow

-0.03

Investor Care

Shares Dilution (1Y)

0.42%

Diluted EPS (TTM)

-3.4

Peers (Alternatives to Spirit Airlines)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
41.7B
94.8B
17.37% -22.01%
11.63
0.44
9.36% -29.60%
22.2B
41.8B
11.38% -2.54%
37.11
0.53
128.26% 109.00%
21.5B
22.7B
8.90% -12.33%
21.58
1.02
77.96% 41250.00%
14.3B
40.7B
6.76% 5.40%
-19.01
0.35
105.23% 76.61%
MID-CAP
9.1B
45.2B
2.87% -19.80%
-5.66
0.2
84.67% 50.37%
5.6B
8.4B
7.21% -5.69%
27.08
0.67
108.00% 133.99%
2.9B
4.4B
-0.69% 16.03%
6.13
0.65
22.32% 2.41%
2.5B
8.6B
2.72% -42.67%
-5.69
0.31
76.30% -20.89%
2.4B
4.7B
-0.75% -2.79%
-6.34
0.5
70.14% 31.71%
2.1B
2.0B
0.11% 6.12%
10.01
1.1
20.80% 5.98%
SMALL-CAP
1.3B
2.1B
13.40% -54.10%
28.58
0.64
73.99% 5.74%
894.9M
3.1B
5.10% -54.60%
10.44
0.29
22.76% 103.49%
734.8M
2.4B
-0.79% -26.79%
-3.09
0.34
92.16% -21.73%
60.5M
208.4M
14.33% -7.42%
10.8
0.32
14.05% -132.82%
52.6M
536.1M
-7.30% -82.11%
-0.71
0.1
11.50% -310.21%

Financials for Spirit Airlines

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue9.9%4,6654,2443,7373,2312,742
Operating Expenses10.4%5,0194,5483,9033,2882,897
  S&GA Expenses7.2%169158144132117
Earnings Before Taxes-7.6%-452.27-420.38-626.17-520.32-633.03
Net Income-16.0%-370.64-319.49-554.95-472.57-542.71
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-0.3%8,6858,7158,6128,5408,537
  Current Assets-12.0%1,5511,7621,8291,8422,027
    Cash Equivalents-20.4%9531,1971,2481,3341,533
  Net PPE0.6%3,8813,8583,8533,8573,827
  Current Liabilities-3.9%1,6691,7371,6111,2761,304
  Long Term Debt-1.4%3,0963,1393,1943,2383,240
    LT Debt, Current0.7%353351293208208
    LT Debt, Non Current-1.4%2,6582,6962,8012,9752,975
Shareholder's Equity-1.8%1,8401,8731,9212,1142,199
  Retained Earnings-4.5%7758118641,0581,146
  Additional Paid-In Capital0.2%1,1431,1401,1361,1321,129
Accumulated Depreciation5.5%1,044990937885832
Shares Outstanding-108----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations46.7%-100.41-188.4642209181
  Share Based Compensation-3.6%1112121313
Cashflow From Investing1.0%-293.40-296.48-312.56-352.44-304.63
Cashflow From Financing1.7%-145.95-148.50-224.38-288.66-290.39
  Buy Backs0.1%22221

Risks

What is the probability of a big loss on SAVE?

95%


Probability that Spirit Airlines stock will be more than 20% underwater in next one year

76.9%


Probability that Spirit Airlines stock will be more than 30% underwater in next one year.

59.6%


Probability that Spirit Airlines stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SAVE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Spirit Airlines was unfortunately bought at previous high price.

Returns

Cumulative Returns on SAVE

2.5%


10-Year Cumulative Returns

-9.6%


7-Year Cumulative Returns

-13.0%


5-Year Cumulative Returns

-17.6%


3-Year Cumulative Returns

What are the long-term rolling returns for SAVE?

FIve years rolling returns for Spirit Airlines.

Which funds bought or sold SAVE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
-
-
-577,000
196,000
0.20%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
8,396,000
8,396,000
0.10%
2022-11-22
Mint Tower Capital Management B.V.
-
-
178,000
188,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-411,000
1,250,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-99.81
-51,000
-
-%
2022-11-17
Telemetry Investments, L.L.C.
NEW
-
555,000
555,000
0.71%
2022-11-16
Advisors Capital Management, LLC
SOLD OFF
-100
-31,000
-
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-20,000
-
-%
2022-11-15
BNP PARIBAS ARBITRAGE, SA
SOLD OFF
-100
-644,395
-
-%
2022-11-15
STATE STREET CORP
ADDED
0.65
-11,985,000
46,346,000
-%

1–10 of 36

Latest Funds Activity

Are funds buying SAVE calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own SAVE

Spirit Airlines News

MarketBeat

Stock Traders Purchase High Volume of Spirit Airlines Call Options (NYSE:SAVE).2 days ago

Yahoo Finance

SAVE Fair Value

Recent SEC filings of Spirit Airlines

View All Filings
Date Filed Form Type Document
Nov 21, 2022
8-K
Current Report
Nov 17, 2022
8-K
Current Report
Nov 10, 2022
8-K
Current Report
Nov 09, 2022
8-K
Current Report
Oct 26, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Oct 20, 2022
8-K
Current Report
Oct 19, 2022
4
Insider Trading
Oct 19, 2022
8-K
Current Report
Oct 19, 2022
8-K
Current Report

Latest Insider Trading transactions for SAVE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-10-17
Haralson Scott
SOLD FOR TAXES
-1,289.64
19.54
-66
SVP and CFO
2022-05-20
Wiggins Rocky
SOLD
-24,700
19
-1,300
SVP and CIO
2022-03-17
Vanier Kevin Blake
SOLD (Taxes)
-37,084.3
21.84
-1,698
VP of FP & A
2022-03-07
Bendoraitis John A.
ACQUIRED
-
-
1,178
EVP and COO
2022-03-07
Christie Edward M III
ACQUIRED
-
-
2,832
President and CEO
2022-03-07
Haralson Scott
ACQUIRED
-
-
908
SVP and CFO
2022-03-07
Klein Matthew H
ACQUIRED
-
-
1,009
EVP, CCO
2022-03-07
Wiggins Rocky
ACQUIRED
-
-
752
SVP and CIO
2022-03-07
McMenamy Brian J.
ACQUIRED
-
-
403
VP & Controller
2022-03-07
Canfield Thomas C
ACQUIRED
-
-
1,009
SVP, General Counsel and Sec

1–10 of 50

Edward M. Christie
9220
Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

SAVE Income Statement

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues:    
Total operating revenues$ 1,343,179$ 922,631$ 3,677,137$ 2,243,219
Operating expenses:    
Salaries, wages and benefits311,957277,372926,481780,300
Aircraft fuel508,496259,6181,435,714617,373
Landing fees and other rents95,17477,703270,131231,308
Depreciation and amortization78,18474,260230,844222,275
Aircraft rent75,33265,873210,008185,296
Maintenance, materials and repairs45,12641,183136,048110,725
Distribution47,38536,085131,46094,990
Loss on disposal of assets9,37453231,5621,838
Special charges (credits)38,359(85,775)71,926(377,715)
Other operating170,182161,785526,151372,153
Total operating expenses1,379,569908,6363,970,3252,238,543
Operating income (loss)(36,390)13,995(293,188)4,676
Other (income) expense:    
Interest expense23,70835,70991,712120,177
Loss on extinguishment of debt000331,630
Capitalized interest(5,964)(4,677)(16,903)(14,040)
Interest income(5,642)(306)(8,670)(5,050)
Other (income) expense4022711,115452
Total other (income) expense12,50430,99767,254433,169
Income (loss) before income taxes(48,894)(17,002)(360,442)(428,493)
Provision (benefit) for income taxes(12,517)(31,776)(76,956)(43,083)
Net income (loss)$ (36,377)$ 14,774$ (283,486)$ (385,410)
Basic income (loss) per share (in dollars per share)$ (0.33)$ 0.14$ (2.61)$ (3.71)
Diluted income (loss) per share (in dollars per share)$ (0.33)$ 0.14$ (2.61)$ (3.71)
Passenger    
Operating revenues:    
Total operating revenues$ 1,322,079$ 907,232$ 3,619,694$ 2,204,074
Other    
Operating revenues:    
Total operating revenues$ 21,100$ 15,399$ 57,443$ 39,145

SAVE Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 953,428$ 1,333,507
Restricted cash95,40095,400
Short-term investment securities106,255106,313
Accounts receivable, net172,212128,828
Aircraft maintenance deposits, net13,75610,726
Income tax receivable36,36337,890
Prepaid expenses and other current assets173,139129,827
Total current assets1,550,5531,842,491
Property and equipment:  
Flight equipment4,447,8774,356,523
Ground property and equipment477,752384,928
Less accumulated depreciation(1,044,492)(884,858)
Total property and equipment, net3,881,1373,856,593
Operating lease right-of-use assets2,332,8081,950,520
Pre-delivery deposits on flight equipment496,812484,821
Long-term aircraft maintenance deposits25,88038,166
Deferred heavy maintenance, net360,034330,062
Other long-term assets38,27137,372
Total assets8,685,4958,540,025
Current liabilities:  
Accounts payable112,00744,952
Air traffic liability495,815382,317
Current maturities of long-term debt, net and finance leases353,937208,948
Current maturities of operating leases175,614158,631
Other current liabilities531,158480,754
Total current liabilities1,668,5311,275,602
Long-term debt, net and finance leases, less current maturities2,657,8302,975,823
Operating leases, less current maturities2,104,4841,751,351
Deferred income taxes297,875375,472
Deferred gains and other long-term liabilities116,99847,742
Shareholders’ equity:  
Common stock1111
Additional paid-in-capital1,143,0761,131,826
Treasury stock, at cost(77,446)(75,639)
Retained earnings774,8831,058,369
Accumulated other comprehensive loss(747)(532)
Total shareholders’ equity1,839,7772,114,035
Total liabilities and shareholders’ equity$ 8,685,495$ 8,540,025