Spirit Airlines/SAVE

$3.67

-0.8%
-
1D1W1MYTD1YMAX

About Spirit Airlines

Spirit Airlines, Inc. offers affordable travel to value-conscious guests (Guests). The Company’s all-Airbus fleet is one of the most fuel efficient in the United States. It serves approximately 93 destinations in 15 countries throughout the United States, Latin America and the Caribbean. Its ultra low-cost carrier (ULCC) business model allows it to compete principally by offering Guests unbundled base fares that remove components traditionally included in the price of an airline ticket. It provides customizable travel options starting with an unbundled fare. This allows its Guests to pay only for the options they choose like bags, seat assignments, refreshments and Wi-Fi - something the Company call A La Smarte. The Company operate the Spirit Saver$ Club, which is a subscription-based loyalty program that allows members access to unpublished, extra-low fares as well as discounted prices on bags and seats, shortcut boarding and security. It also operates the Free Spirit loyalty program.

Ticker

SAVE

Sector

Industrials

Trading on

NYSE

Industry

Airline

CEO

Edward Christie

Employees

13,167

Headquarters

Dania beach, United States

Spirit Airlines Metrics

BasicAdvanced
$407M
Market cap
-
P/E ratio
-$4.45
EPS
1.40
Beta
-
Dividend rate
$407M
1.40258
$18.44
$3.18
6.9M
0.973
316.84
332.486
-6.19%
-5.16%
-39.33%
-6.25%
0.077
0.406
0.406
-3.17%
-4.6%
43.62%

What the Analysts think about Spirit Airlines

Analyst Ratings

Majority rating from 13 analysts.
Hold

Price Targets

Average projection from 7 analysts.
11.44% downside
High $4.00
Low $3.00
$3.67
Current price
$3.25
Average price target

Spirit Airlines Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-11.26% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$1.3B
-4.25%
Net income
-$143M
-22.33%
Profit margin
-11.26%
-18.93%

Spirit Airlines Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 0.92%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.29
-$1.37
-$1.36
-$1.46
-
Expected
$0.38
-$1.48
-$1.46
-$1.45
-$1.13
Surprise
-24.12%
-7.17%
-7.08%
0.92%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Spirit Airlines stock?

Spirit Airlines (SAVE) has a market cap of $407M as of May 30, 2024.

What is the P/E ratio for Spirit Airlines stock?

The price to earnings (P/E) ratio for Spirit Airlines (SAVE) stock is 0 as of May 30, 2024.

Does Spirit Airlines stock pay dividends?

No, Spirit Airlines (SAVE) stock does not pay dividends to its shareholders as of May 30, 2024.

When is the next Spirit Airlines dividend payment date?

Spirit Airlines (SAVE) stock does not pay dividends to its shareholders.

What is the beta indicator for Spirit Airlines?

Spirit Airlines (SAVE) has a beta rating of 1.4. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Spirit Airlines stock price target?

The target price for Spirit Airlines (SAVE) stock is $3.25, which is 11.44% below the current price of $3.67. This is an average based on projections from 7 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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