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Spirit Airlines Inc Stock Research

SAVE

16.21USD-0.11(-0.67%)Delayedas of 26 Sep 2023, 10:19 am
Watchlist

Market Summary

USD16.21-0.11
Delayedas of 26 Sep 2023, 10:19 am
-0.67%

SAVE Alerts

  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

SAVE Stock Price

SAVE RSI Chart

SAVE Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

-4.4

Price/Sales (Trailing)

0.37

EV/EBITDA

-23.06

Price/Free Cashflow

63.32

SAVE Price/Sales (Trailing)

SAVE Profitability

EBT Margin

-10.98%

Return on Equity

-31.52%

Return on Assets

-4.97%

Free Cashflow Yield

1.58%

SAVE Fundamentals

SAVE Revenue

Revenue (TTM)

5.5B

Revenue Y/Y

4.82%

Revenue Q/Q

6.13%

SAVE Earnings

Earnings (TTM)

-413.3M

Earnings Y/Y

95.52%

Earnings Q/Q

97.74%

Price Action

52 Week Range

14.4122.34
(Low)(High)

Last 7 days

2.1%

Last 30 days

5.5%

Last 90 days

-3.1%

Trailing 12 Months

-22.8%

SAVE Financial Health

Current Ratio

1.09

Debt/Equity

2.15

Debt/Cashflow

0.01

SAVE Investor Care

Shares Dilution (1Y)

0.47%

Diluted EPS (TTM)

-3.79

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for SAVE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-03
Christie Edward M III
acquired
151,241
17.58
8,603
president and ceo
2023-04-03
Haralson Scott
acquired
163,195
17.58
9,283
evp and cfo
2023-03-17
Vanier Kevin Blake
sold (taxes)
-
-
-2,604
vp of fp & a
2023-03-06
Haralson Scott
acquired
14,233
16.36
870
evp and cfo
2023-03-06
Bendoraitis John A.
acquired
15,623
16.36
955
evp and coo
2023-03-06
Canfield Thomas C
acquired
14,887
16.36
910
svp, general counsel and sec
2023-03-06
Klein Matthew H
acquired
18,126
16.36
1,108
evp, cco
2023-03-06
McMenamy Brian J.
acquired
5,824
16.36
356
vp & controller
2023-03-06
Christie Edward M III
acquired
38,413
16.36
2,348
president and ceo
2023-03-06
Wiggins Rocky
acquired
12,957
16.36
792
svp and cio

1–10 of 50

Which funds bought or sold SAVE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
added
18.6
441,000
2,828,000
-%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-
223
-%
2023-08-23
CTC Alternative Strategies, Ltd.
new
-
343,200
343,200
0.43%
2023-08-21
VitalStone Financial, LLC
unchanged
-
-
1,000
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.13
-68,461
1,038,610
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
14.22
107,871
856,654
-%
2023-08-17
Coppell Advisory Solutions LLC
new
-
3,595
3,595
-%
2023-08-16
Nuveen Asset Management, LLC
reduced
-49.79
-4,647,460
4,681,540
-%
2023-08-15
DRW Securities, LLC
sold off
-100
-205,000
-
-%
2023-08-15
WELLS FARGO & COMPANY/MN
added
82.45
658,237
1,457,680
-%

1–10 of 34

Latest Funds Activity

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

Schedule 13G FIlings of Spirit Airlines

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.33%
10,157,579
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G
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
Nov 10, 2020
fmr llc
-
0
SC 13G/A
Jun 10, 2020
fmr llc
-
0
SC 13G/A
Feb 12, 2020
vanguard group inc
9.14%
6,262,336
SC 13G/A

Recent SEC filings of Spirit Airlines

View All Filings
Date Filed Form Type Document
Sep 22, 2023
8-K
Current Report
Sep 13, 2023
8-K
Current Report
Aug 24, 2023
8-K
Current Report
Aug 03, 2023
8-K
Current Report
Aug 03, 2023
10-Q
Quarterly Report
Jul 24, 2023
8-K
Current Report
Jul 24, 2023
8-K
Current Report
Jun 23, 2023
8-K
Current Report

Peers (Alternatives to Spirit Airlines)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
59.7B
88.6B
2.98% 78.42%
17.9
0.63
-6.50% 16.33%
24.5B
55.7B
-9.93% 29.43%
298.7
0.53
33.38% 398.83%
16.4B
25.1B
-11.92% -13.29%
37.7
0.65
18.83% -71.05%
14.1B
50.9B
-12.28% 29.82%
5.28
0.28
42.85% 318.35%
8.4B
52.9B
-11.45% 5.73%
3.2
0.16
29.91% 237.04%
MID-CAP
4.8B
10.3B
-10.66% -8.39%
29.74
0.46
26.25% -23.08%
2.9B
4.5B
0.24% 22.01%
8.22
0.64
12.86% -27.86%
1.5B
9.9B
-26.57% -35.60%
54.88
0.15
24.14% 106.11%
SMALL-CAP
2.0B
5.5B
5.49% -22.78%
-4.4
0.37
29.98% -29.36%
1.8B
2.9B
4.51% 154.27%
-341.8
0.64
-5.50% -106.28%
1.5B
2.1B
0.28% -10.04%
9.9
0.72
7.02% -29.07%
1.3B
2.5B
-14.62% -5.70%
8.83
0.53
20.09% 224.40%
338.7M
2.8B
-25.37% -50.90%
-1.99
0.12
28.49% 34.24%
62.3M
267.9M
6.74% -1.78%
-5.47
0.23
40.28% -223.76%
36.0M
509.3M
-40.06% -51.05%
-0.17
0.07
-5.00% -178.26%

Spirit Airlines News

Nasdaq
Citigroup Maintains Spirit Airlines (SAVE) Neutral Recommendation.
Nasdaq,
10 hours ago
Investing.com Canada
View from the Wing

Returns for SAVE

Cumulative Returns on SAVE

-7.0%


10-Year Cumulative Returns

-12.2%


7-Year Cumulative Returns

-18.9%


5-Year Cumulative Returns

0.8%


3-Year Cumulative Returns

Risks for SAVE

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

82.3%


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

51.1%


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.

Drawdowns

Financials for Spirit Airlines

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.2%5,516,735,0005,450,906,0005,068,447,0004,664,693,0004,244,145,0003,736,811,0003,230,775,0002,741,709,0002,221,000,0001,500,220,0001,810,022,0002,281,348,0002,871,394,0003,745,821,0003,830,536,0003,723,515,0003,635,877,0003,474,692,0003,323,034,0003,126,421,0002,909,318,000
Operating Expenses0.0%5,951,038,0005,950,750,0005,667,364,0005,019,431,0004,548,498,0003,902,623,0003,287,649,0002,896,948,0002,489,705,0002,052,520,0002,317,784,0002,504,571,0002,870,465,0003,390,570,0003,329,489,0003,211,027,0003,102,945,0002,997,177,0002,972,120,0002,820,276,0002,644,424,000
  S&GA Expenses1.0%192,200,000190,223,000177,557,000168,969,000157,669,000144,208,000132,499,000117,072,00098,869,00074,958,00085,059,000101,266,000122,544,000151,794,000153,770,000148,986,000147,694,000142,089,000137,001,000131,666,000123,493,000
EBITDA100.0%--169,800,000-280,206,000-37,002,000-8,229,000-178,400,000-67,498,000-169,027,000-285,728,000-241,414,000-207,076,00070,561,000286,158,000630,537,000763,040,000760,759,000-----
EBITDA Margin100.0%--0.03-0.06-0.010.00-0.05-0.02-0.06-0.13-0.16-0.110.030.100.170.200.20-----
Interest Expenses7.7%122,428,000113,661,000107,443,000109,487,000110,292,000121,075,000135,500,000130,518,000122,890,000103,341,00080,837,00076,537,00076,611,00078,789,00080,254,00088,986,00089,633,00075,721,00065,123,00051,338,00037,802,000
Earnings Before Taxes13.8%-515,867,000-598,351,000-700,739,000-452,269,000-420,377,000-626,175,000-520,320,000-633,027,000-744,545,000-683,771,000-620,184,000-308,887,000-71,354,000289,751,000436,426,000450,565,000470,139,000336,719,000204,976,000165,818,000131,781,000
EBT Margin100.0%--0.11-0.14-0.10-0.10-0.17-0.16-0.23-0.34-0.46-0.34-0.14-0.020.080.110.12-----
Net Income10.8%-413,301,000-463,358,000-554,150,000-370,645,000-319,494,000-554,951,000-472,569,000-542,714,000-656,628,000-513,193,000-428,700,000-190,182,000-7,578,000251,351,000335,255,000345,978,000359,994,000256,747,000155,749,000310,787,000273,351,000
Net Income Margin100.0%--0.09-0.11-0.08-0.08-0.15-0.15-0.20-0.30-0.34-0.24-0.080.000.070.090.09-----
Free Cashflow-100.0%-32,210,000-89,022,000-100,409,000-188,461,00041,785,000208,888,000181,150,000305,801,000-407,745,000-559,811,000-270,998,000-171,199,00046,215,000216,784,000255,581,000-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.5%9,3729,3229,1858,6858,7158,6128,5408,5378,6718,3888,3998,5577,7687,2357,0436,5756,6636,4245,1654,7824,682
  Current Assets-7.6%1,7731,9181,9941,5511,7621,8291,8422,0272,3882,2762,3562,4991,6681,2311,3851,4031,5211,5171,3451,2061,230
    Cash Equivalents-13.7%1,1111,2881,3469531,2921,3431,4291,5891,9261,8381,8612,0021,1577889799361,1111,1221,005774812
  Net PPE0.0%3,7413,7393,7493,8813,8583,8533,8573,8273,8323,8173,8323,8233,8103,7333,5303,3343,3623,1553,1162,9062,818
  Current Liabilities-3.8%1,6861,7531,5971,6691,7371,6111,2761,3041,6011,5081,3421,2971,2711,2311,1121,0531,2111,127835825900
  Long Term Debt-2.6%3,0813,1643,2002,6582,6962,8022,9762,9753,0153,0483,0673,0752,3341,9661,9601,9692,0252,0402,0251,771-
    LT Debt, Non Current---------------------1,732
Shareholder's Equity0.1%1,4711,4701,5721,8401,8731,9212,1142,1992,1812,0932,2502,4042,3432,2342,2612,1802,0951,9781,9291,8341,734
  Retained Earnings-0.6%3984005047758118641,0581,1461,1311,4191,5251,6821,7811,9261,9551,8741,7911,6761,6251,5341,436
  Additional Paid-In Capital0.3%1,1531,1501,1461,1431,1401,1361,1321,1291,126750800797636383379379378375371368366
Accumulated Depreciation5.4%1,1091,0521,0991,044990937885832781731680632582538492450368369333296261
Shares Outstanding---109---108---98.00---68.00---68.00--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-239.9%-45.0832.00-89.02-100-18842.00209181306-73.21-22564.00163381551556596540506346353
  Share Based Compensation16.8%13.0011.0011.0011.0012.0012.0013.0013.0012.0012.0012.009.008.008.008.0011.0012.0012.0011.0010.009.00
Cashflow From Investing4.0%-264-275-265-293-296-312-352-304-275-327-554-669-675-676-456-533-611-607-783-782-846
Cashflow From Financing-19.5%247307391-145-148-224-288-2907381,4511,6611,673559-37.92-120139313290481347438
  Buy Backs-0.2%2.002.002.002.002.002.002.001.001.001.002.002.002.002.005.005.005.005.001.0046.0046.00

SAVE Income Statement

2023-06-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:    
Total operating revenues$ 1,432,472$ 1,366,643$ 2,782,246$ 2,333,958
Operating expenses:    
Aircraft fuel391,032558,633878,743927,218
Salaries, wages and benefits407,705308,634796,890614,524
Landing fees and other rents106,48792,021203,832174,957
Depreciation and amortization80,54276,469158,533152,660
Aircraft rent92,10168,632177,368134,676
Maintenance, materials and repairs56,82545,407111,23990,922
Distribution50,70148,72498,71884,075
Special charges19,97218,00433,95533,567
Loss on disposal of assets80210,6367,90222,188
Other operating206,094184,813407,250355,969
Total operating expenses1,412,2611,411,9732,874,4302,590,756
Operating income (loss)20,211(45,330)(92,184)(256,798)
Other (income) expense:    
Interest expense28,88030,12480,67368,004
Capitalized interest(8,445)(5,677)(16,093)(10,939)
Interest income(15,962)(2,561)(31,396)(3,028)
Other (income) expense7662961,308713
Total other (income) expense5,23922,18234,49254,750
Income (loss) before income taxes14,972(67,512)(126,676)(311,548)
Provision (benefit) for income taxes17,321(15,106)(20,416)(64,439)
Net income (loss)$ (2,349)$ (52,406)$ (106,260)$ (247,109)
Basic earnings (loss) per share (in dollars per share)$ (0.02)$ (0.48)$ (0.97)$ (2.27)
Diluted earnings (loss) per share (in dollars per share)$ (0.02)$ (0.48)$ (0.97)$ (2.27)
Passenger    
Operating revenues:    
Total operating revenues$ 1,410,061$ 1,347,871$ 2,737,534$ 2,297,615
Other    
Operating revenues:    
Total operating revenues$ 22,411$ 18,772$ 44,712$ 36,343

SAVE Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 1,110,688$ 1,346,350
Restricted cash119,400119,392
Short-term investment securities109,494107,115
Accounts receivable, net186,739197,276
Income tax receivable36,26136,261
Prepaid expenses and other current assets210,252187,589
Total current assets1,772,8341,993,983
Property and equipment:  
Flight equipment4,219,9074,326,515
Ground property and equipment629,928521,802
Less accumulated depreciation(1,109,335)(1,098,819)
Total property and equipment, net3,740,5003,749,498
Operating lease right-of-use assets3,058,1372,699,574
Pre-delivery deposits on flight equipment508,957487,553
Deferred heavy maintenance, net252,682190,349
Other long-term assets39,01763,817
Total assets9,372,1279,184,774
Current liabilities:  
Accounts payable76,15875,449
Air traffic liability479,677429,618
Current maturities of long-term debt, net, and finance leases235,579346,888
Current maturities of operating leases201,337188,296
Other current liabilities693,211556,330
Total current liabilities1,685,9621,596,581
Long-term debt, net and finance leases, less current maturities3,081,1923,200,376
Operating leases, less current maturities2,793,4372,455,619
Deferred income taxes205,796226,843
Deferred gains and other long-term liabilities134,668133,704
Shareholders’ equity:  
Common stock1111
Additional paid-in-capital1,153,0681,146,015
Treasury stock, at cost(79,672)(77,998)
Retained earnings397,959504,219
Accumulated other comprehensive loss(294)(596)
Total shareholders’ equity1,471,0721,571,651
Total liabilities and shareholders’ equity$ 9,372,127$ 9,184,774
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.