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SAVE

SAVE - Spirit Airlines Inc Stock Price, Fair Value and News

3.79USD-0.06 (-1.56%)Market Closed

Market Summary

SAVE
USD3.79-0.06
Market Closed
-1.56%

SAVE Alerts

  • Big fall in earnings (Y/Y)
  • Losses in recent quarter

SAVE Stock Price

View Fullscreen

SAVE RSI Chart

SAVE Valuation

Market Cap

415.0M

Price/Earnings (Trailing)

-0.85

Price/Sales (Trailing)

0.08

EV/EBITDA

-26

Price/Free Cashflow

-0.79

SAVE Price/Sales (Trailing)

SAVE Profitability

EBT Margin

-10.87%

Return on Equity

-48.51%

Return on Assets

-5.1%

Free Cashflow Yield

-126.36%

SAVE Fundamentals

SAVE Revenue

Revenue (TTM)

5.3B

Rev. Growth (Yr)

-6.24%

Rev. Growth (Qtr)

-4.25%

SAVE Earnings

Earnings (TTM)

-486.2M

Earnings Growth (Yr)

-37.27%

Earnings Growth (Qtr)

22.33%

Breaking Down SAVE Revenue

Last 7 days

-0.3%

Last 30 days

-7.8%

Last 90 days

-42.7%

Trailing 12 Months

-76.0%

How does SAVE drawdown profile look like?

SAVE Financial Health

Current Ratio

0.97

Debt/Equity

3.17

Debt/Cashflow

-0.17

SAVE Investor Care

Shares Dilution (1Y)

0.31%

Diluted EPS (TTM)

-4.45

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20245.3B000
20235.5B5.5B5.4B5.4B
20223.7B4.2B4.7B5.1B
20211.5B2.2B2.7B3.2B
20203.7B2.9B2.3B1.8B
20193.5B3.6B3.7B3.8B
20182.8B2.9B3.1B3.3B
20172.4B2.5B2.6B2.6B
20162.2B2.2B2.3B2.3B
20152.0B2.0B2.1B2.1B
20141.7B1.8B1.9B1.9B
20131.4B1.4B1.6B1.7B
20121.1B1.2B1.3B1.3B
2011829.9M928.4M1.0B1.1B
2010720.3M740.7M761.0M781.3M
2009000700.0M
2008000787.3M

Tracking the Latest Insider Buys and Sells of Spirit Airlines Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 03, 2024
haralson scott
sold (taxes)
-3,543
4.7
-754
evp and cfo
Apr 03, 2024
christie edward m iii
sold (taxes)
-5,306
4.7
-1,129
president and ceo
Mar 04, 2024
mcmenamy brian j.
acquired
754
5.76
131
vp & controller
Mar 04, 2024
wiggins rocky
acquired
7,188
5.76
1,248
svp and cio
Mar 04, 2024
haralson scott
acquired
5,823
5.76
1,011
evp and cfo
Mar 04, 2024
klein matthew h
acquired
18,875
5.76
3,277
evp, cco
Mar 04, 2024
canfield thomas c
acquired
5,569
5.76
967
svp, general counsel and sec
Mar 04, 2024
vanier kevin blake
acquired
6,094
5.76
1,058
vp of fp & a
Mar 04, 2024
christie edward m iii
acquired
12,971
5.76
2,252
president and ceo
Mar 04, 2024
bendoraitis john a.
acquired
16,249
5.76
2,821
evp and coo

1–10 of 50

Which funds bought or sold SAVE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
JANE STREET GROUP, LLC
reduced
-25.91
-10,825,200
3,031,880
-%
May 16, 2024
Tidal Investments LLC
sold off
-100
-422,796
-
-%
May 16, 2024
LEVIN CAPITAL STRATEGIES, L.P.
sold off
-100
-245,850
-
-%
May 16, 2024
SkyView Investment Advisors, LLC
added
19.43
-856,000
467,000
0.09%
May 16, 2024
COMERICA BANK
added
59.04
-1,638
1,447
-%
May 16, 2024
JANE STREET GROUP, LLC
new
-
2,497,540
2,497,540
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-16.03
-522,235
172,193
-%
May 15, 2024
Voya Investment Management LLC
reduced
-19.89
-551,698
170,954
-%
May 15, 2024
CITADEL ADVISORS LLC
new
-
256,046
256,046
-%
May 15, 2024
MARSHALL WACE, LLP
sold off
-100
-5,435,520
-
-%

1–10 of 21

Are Funds Buying or Selling SAVE?

Are funds buying SAVE calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own SAVE
No. of Funds

Unveiling Spirit Airlines Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
9.54%
10,418,903
SC 13G/A
Feb 09, 2024
fmr llc
-
0
SC 13G/A
Jan 26, 2024
blackrock inc.
7.7%
8,421,544
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G
Feb 09, 2023
vanguard group inc
9.33%
10,157,579
SC 13G/A
Jan 31, 2023
blackrock inc.
7.0%
7,668,319
SC 13G/A
Feb 03, 2022
blackrock inc.
7.5%
8,168,581
SC 13G/A
Feb 16, 2021
dimensional fund advisors lp
4.4%
4,280,011
SC 13G/A
Feb 10, 2021
vanguard group inc
8.56%
8,360,066
SC 13G/A
Feb 01, 2021
blackrock inc.
7.5%
7,348,387
SC 13G/A

Recent SEC filings of Spirit Airlines Inc

View All Filings
Date Filed Form Type Document
May 06, 2024
10-Q
Quarterly Report
May 06, 2024
8-K
Current Report
Apr 25, 2024
ARS
ARS
Apr 25, 2024
DEF 14A
DEF 14A
Apr 25, 2024
DEFA14A
DEFA14A
Apr 19, 2024
8-K
Current Report
Apr 15, 2024
8-K
Current Report
Apr 15, 2024
8-K/A
Current Report
Apr 08, 2024
8-K
Current Report
Apr 05, 2024
4
Insider Trading

Peers (Alternatives to Spirit Airlines Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
34.0B
59.0B
10.07% 46.84%
6.79
0.58
9.34% 164.26%
18.1B
54.8B
12.80% 14.23%
6.73
0.33
12.31% 40.00%
16.7B
26.7B
-3.16% -6.98%
51.56
0.62
7.60% -43.44%
MID-CAP
9.7B
53.2B
6.12% -2.06%
19.34
0.18
1.74% -71.78%
5.5B
10.5B
1.38% -4.01%
22.43
0.53
2.96% 315.25%
2.1B
9.5B
-11.71% -16.48%
-2.46
0.22
-2.60% -178.93%
SMALL-CAP
965.4M
2.5B
-13.57% -48.49%
15.95
0.38
2.66% -9.01%
960.2M
2.1B
17.35% -12.72%
19.67
0.47
-0.28% -71.11%
705.7M
2.7B
2.72% 66.59%
-2.35
0.26
-0.99% -46.20%
415.0M
5.3B
-7.79% -75.98%
-0.85
0.08
-3.17% -4.93%
36.0M
498.1M
8.64% -52.43%
-0.27
0.07
-6.20% 34.25%

Spirit Airlines Inc News

Latest updates
Defense World16 May 202410:57 am
The Globe and Mail16 May 202405:36 am
Seeking Alpha19 Apr 202407:00 am
The Motley Fool01 Apr 202407:00 am

Spirit Airlines Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-4.3%1,265,537,0001,321,760,0001,258,543,0001,432,472,0001,349,774,0001,391,310,0001,343,179,0001,366,643,000967,315,000987,556,000922,631,000859,309,000461,279,000498,490,000401,922,000138,529,000771,081,000969,816,000991,968,0001,012,956,000855,796,000
Operating Expenses-4.1%1,472,874,0001,536,573,0001,447,303,0001,412,261,0001,462,169,0001,697,039,0001,379,569,0001,411,973,0001,178,783,0001,049,106,000908,636,000766,098,000563,809,000658,405,000501,393,000328,913,000829,073,000845,192,000867,287,000849,018,000767,992,000
  S&GA Expenses-1.5%45,176,00045,850,00046,323,00050,701,00048,017,00046,097,00047,385,00048,724,00035,351,00037,509,00036,085,00035,263,00023,642,00022,082,00017,882,00011,352,00033,743,00038,289,00039,160,00040,602,00035,719,000
EBITDA Margin-5.9%-0.02-0.02-0.04-0.01-0.03-0.06-0.010.00-0.06-0.03-0.08-0.15-0.20--------
Interest Expenses8.9%39,897,00036,651,00032,263,00037,467,00031,999,00027,652,00025,310,00028,700,00025,781,00029,696,00026,115,00039,483,00040,206,00024,714,00018,487,00019,934,00017,702,00020,414,00018,561,00022,112,00019,167,000
Income Taxes67.7%-14,432,000-44,622,000-46,093,00017,321,000-37,737,000-69,633,000-12,517,000-15,106,000-49,333,000-4,668,000-31,776,00014,553,000-25,860,000-47,230,000-29,380,000-68,108,000-46,766,00025,549,00025,549,00034,068,00016,005,000
Earnings Before Taxes31.2%-157,067,000-228,274,000-203,645,00014,972,000-141,648,000-340,297,000-48,894,000-67,512,000-244,036,000-91,827,000-17,002,000-273,310,000-138,181,000-204,534,000-128,520,000-212,536,000-74,594,000106,763,000109,013,000148,569,00072,081,000
EBT Margin-4.4%-0.11-0.10-0.12-0.09-0.11-0.14-0.10-0.10-0.17-0.16-0.23-0.34-0.46--------
Net Income22.3%-142,635,000-183,652,000-157,552,000-2,349,000-103,911,000-270,664,000-36,377,000-52,406,000-194,703,000-87,159,00014,774,000-287,863,000-112,321,000-157,304,000-99,140,000-144,428,000-27,828,00081,214,00083,464,000114,501,00056,076,000
Net Income Margin-10.4%-0.09-0.08-0.10-0.07-0.09-0.11-0.08-0.08-0.15-0.15-0.20-0.30-0.34--------
Free Cashflow25.1%-136,975,000-182,775,000-414,739,000-230,206,000-79,364,000-276,905,000-339,166,000-152,919,000-200,596,000-288,292,000-427,218,00077,327,000-33,493,000--------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets1.2%9,5269,4179,3629,3729,3229,1858,6858,7158,6128,5408,5378,6718,3888,3998,5577,7687,2357,0436,5756,6636,424
  Current Assets-1.6%1,4881,5121,4491,7731,9181,9941,5511,7621,8291,8422,0272,3882,2762,3562,4991,6681,2311,3851,4031,5211,517
    Cash Equivalents3.8%8988658181,1111,2881,3461,0491,2921,3431,4291,5891,9261,8381,8612,0021,1577889799361,1111,122
  Net PPE-3.4%3,4003,5193,7323,7413,7393,7493,8813,8583,8533,8573,8273,8323,8173,8323,8233,8103,7333,5303,3343,3623,155
  Current Liabilities-8.5%1,5291,6721,6011,6861,7531,5971,6691,7371,6111,2761,3041,6011,5081,3421,2971,2711,2311,1121,0531,2111,127
  Long Term Debt3.9%3,1753,0553,0433,0813,1643,2002,6582,6962,8022,9762,9753,0153,0483,0673,0752,3341,9661,9601,9692,0252,040
    LT Debt, Current-50.3%157315-------------------
Shareholder's Equity-11.6%1,0021,1341,3161,4711,4701,5721,8401,8731,9212,1142,1992,1812,0932,2502,4042,3432,2342,2612,1802,0951,978
  Retained Earnings-251.3%-85.8857.002403984005047758118641,0581,1461,1311,4191,5251,6821,7811,9261,9551,8741,7911,676
  Additional Paid-In Capital1.0%1,1701,1581,1561,1531,1501,1461,1431,1401,1361,1321,1291,126750800797636383379379378375
Accumulated Depreciation1.4%1,1861,1691,1621,1091,0521,0991,044990937885832781731680632582538492450368369
Shares Outstanding-100.0%-109---109---108--98.0098.00-89.00-68.00---
Float----1,900---2,600---3,300---1,600---3,200-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations25.1%-136-182-194-10.06141-56.76-11967.0020.00-68.15-207297187-95.89-82.43-81.5435.0019317.00136205
  Share Based Compensation16.6%3.003.003.003.003.003.003.002.004.003.003.002.004.003.002.003.004.000.002.003.004.00
Cashflow From Investing-33.7%99.00149-63.52-54.46-67.57-61.04-81.34-65.44-57.62-89.00-84.42-81.52-97.51-41.19-55.46-133-323-156-61.60-134-103
Cashflow From Financing-159.6%-48.0881.00-34.25-112-131535-43.27-52.63-47.52-2.53-45.83-128-111-4.2698358498.007.00-130-12.7116.00
  Buy Backs-31.5%1.001.000.000.002.001.000.000.002.000.000.000.001.000.000.000.002.000.000.000.005.00
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SAVE Income Statement

2024-03-31
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues:  
Total operating revenues$ 1,265,537$ 1,349,774
Operating expenses:  
Aircraft fuel406,351487,711
Salaries, wages and benefits431,483389,185
Landing fees and other rents106,71897,345
Aircraft rent115,20685,267
Depreciation and amortization81,34677,991
Maintenance, materials and repairs54,91554,414
Distribution45,17648,017
Special charges (credits)36,25813,983
Loss (gain) on disposal of assets(3,029)7,100
Other operating198,450201,156
Total operating expenses1,472,8741,462,169
Operating income (loss)(207,337)(112,395)
Other (income) expense:  
Interest expense54,80951,793
Loss (gain) on extinguishment of debt(14,996)0
Capitalized interest(10,003)(7,648)
Interest income(13,590)(15,434)
Other (income) expense(66,490)542
Total other (income) expense(50,270)29,253
Income (loss) before income taxes(157,067)(141,648)
Provision (benefit) for income taxes(14,432)(37,737)
Net income (loss)$ (142,635)$ (103,911)
Basic earnings (loss) per share (in dollars per share)$ (1.30)$ (0.95)
Diluted earnings (loss) per share (in dollars per share)$ (1.30)$ (0.95)
Passenger  
Operating revenues:  
Total operating revenues$ 1,239,310$ 1,327,473
Other  
Operating revenues:  
Total operating revenues$ 26,227$ 22,301

SAVE Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash and cash equivalents$ 764,788$ 865,211
Restricted cash133,585119,400
Short-term investment securities113,854112,501
Accounts receivable, net212,469205,468
Prepaid expenses and other current assets263,713209,547
Total current assets1,488,4091,512,127
Property and equipment:  
Flight equipment3,798,1973,961,785
Ground property and equipment787,631726,364
Less accumulated depreciation(1,185,536)(1,169,021)
Total property and equipment, net3,400,2923,519,128
Operating lease right-of-use assets3,859,5963,561,028
Pre-delivery deposits on flight equipment443,478480,717
Deferred heavy maintenance, net307,276313,505
Other long-term assets27,44430,732
Total assets9,526,4959,417,237
Current liabilities:  
Accounts payable85,07442,098
Air traffic liability475,653383,751
Current maturities of long-term debt, net, and finance leases156,812315,580
Current maturities of operating leases234,062224,865
Other current liabilities577,433705,298
Total current liabilities1,529,0341,671,592
Long-term debt, net and finance leases, less current maturities3,175,5553,055,221
Operating leases, less current maturities3,593,7713,298,871
Deferred income taxes92,783107,761
Deferred gains and other long-term liabilities133,095149,450
Shareholders’ equity:  
Common stock1111
Additional paid-in-capital1,169,5621,158,278
Treasury stock, at cost(81,271)(80,635)
Retained earnings (deficit)(85,880)56,755
Accumulated other comprehensive income (loss)(165)(67)
Total shareholders’ equity1,002,2571,134,342
Total liabilities and shareholders’ equity$ 9,526,495$ 9,417,237
SAVE
Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services. It serves 92 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2022, the company had a fleet of 194 Airbus single-aisle aircraft. 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.
 CEO
 WEBSITEspirit.com
 INDUSTRYAirlines
 EMPLOYEES12025

Spirit Airlines Inc Frequently Asked Questions


What is the ticker symbol for Spirit Airlines Inc? What does SAVE stand for in stocks?

SAVE is the stock ticker symbol of Spirit Airlines Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Spirit Airlines Inc (SAVE)?

As of Fri May 17 2024, market cap of Spirit Airlines Inc is 415.01 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SAVE stock?

You can check SAVE's fair value in chart for subscribers.

What is the fair value of SAVE stock?

You can check SAVE's fair value in chart for subscribers. The fair value of Spirit Airlines Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Spirit Airlines Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SAVE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Spirit Airlines Inc a good stock to buy?

The fair value guage provides a quick view whether SAVE is over valued or under valued. Whether Spirit Airlines Inc is cheap or expensive depends on the assumptions which impact Spirit Airlines Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SAVE.

What is Spirit Airlines Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SAVE's PE ratio (Price to Earnings) is -0.85 and Price to Sales (PS) ratio is 0.08. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SAVE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Spirit Airlines Inc's stock?

In the past 10 years, Spirit Airlines Inc has provided -0.234 (multiply by 100 for percentage) rate of return.