Spirit Airlines Inc (SAVEQ)

OTC Markets
Currency in USD
0.512
+0.013(+2.00%)
Closed
SAVEQ Scorecard
Full Analysis
Operates with a significant debt burden
Earnings results expected in 10 days
Fair Value
Day's Range
0.4900.520
52 wk Range
0.0107.493
Key Statistics
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Prev. Close
0.499
Open
0.52
Day's Range
0.49-0.52
52 wk Range
0.01-7.493
Volume
1.64M
Average Volume (3m)
10.16M
1-Year Change
-91.68%
Book Value / Share
4.6
Fair Value
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Fair Value Upside
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SAVEQ Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
2.000
Upside
+290.63%
Members' Sentiments
Bearish
Bullish
ProTips
May have trouble making interest payments on debt
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Spirit Airlines Inc Company Profile

Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services. It serves 93 destinations in 15 countries in the United States, Latin America, and the Caribbean. As of December 31, 2023, the company operated a fleet of 205 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 incorporated in 1964 and is headquartered in Miramar, Florida. On November 18, 2024, Spirit Airlines, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

Spirit Airlines Inc SWOT Analysis


Financial Turbulence
Spirit Airlines faces significant liquidity challenges, with negative EPS projections and concerns about meeting upcoming debt obligations, sparking restructuring talks.
Market Pressures
Explore how intense competition in the ultra-low-cost carrier segment and route overlaps with rivals are impacting Spirit's revenue streams and market position.
Restructuring Runway
Delve into potential restructuring strategies, including network downsizing and negotiations with bondholders, that could reshape Spirit's operational landscape.
Analyst Outlook
Discover varied analyst perspectives, with price targets ranging from $2.00 to $3.00, reflecting cautious views on Spirit's profitability and growth potential.
Read full SWOT analysis

Spirit Airlines Inc Earnings Call Summary for

  • Spirit Airlines reports Q2 adjusted net loss of $158M amid tough revenue environment and high industry capacity
  • New transformation strategy includes travel packages and network changes; Q3 revenue projected at $1.155B-$1.175B
  • TRASM expected to decline 6.4-8% YoY in Q3; capacity to decrease 0.3% in Q3, flat to low single-digit growth for full year
  • Airline focuses on returning to financial health, maintaining $1B+ liquidity by year-end; 2025 capacity forecast down high single-digits
  • Spirit optimistic about new product offerings, working on partnerships to increase business class visibility
Last Updated: 05/08/2024, 12:54 am
Read Full Transcript

Compare SAVEQ to Peers and Sector

Metrics to compare
SAVEQ
Peers
Sector
Relationship
P/E Ratio
−0.1x−3.4x11.9x
PEG Ratio
0.00−0.060.03
Price/Book
0.1x1.6x1.4x
Price / LTM Sales
0.0x0.6x1.2x
Upside (Analyst Target)
290.6%21.6%23.6%
Fair Value Upside
Unlock12.6%7.0%Unlock

Analyst Ratings

0 Buy
1 Hold
2 Sell
Ratings:
3 analysts
Overall Consensus
Sell

Analysts 12-Month Price Target:

Average 2.000
(+290.63% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS -7.56
Dividend Yield
234.38%
Industry Median 0.93%
Annualised payout
1.2000
Paid unevenly
5-Years Growth
-
Growth Streak

Earnings

Latest Release
Nov 14, 2024
EPS / Forecast
-2.18 / -2.30
Revenue / Forecast
1.18B / 1.16B
EPS Revisions
Last 90 days

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FAQ

What Is the Spirit Airlines (SAVEQ) Stock Price Today?

The Spirit Airlines stock price today is 0.512

What Stock Exchange Does Spirit Airlines Trade On?

Spirit Airlines is listed and trades on the OTC Markets stock exchange.

What Is the Stock Symbol for Spirit Airlines?

The stock symbol for Spirit Airlines is "SAVEQ."

Does Spirit Airlines Pay Dividends? What’s The Current Dividend Yield?

The Spirit Airlines dividend yield is 234.38%.

What Is the Spirit Airlines Market Cap?

As of today, Spirit Airlines market cap is 56.08M.

What is Spirit Airlines Earnings Per Share?

The Spirit Airlines EPS is -7.56.

What Is the Next Spirit Airlines Earnings Date?

Spirit Airlines will release its next earnings report on 04 Feb 2025.

From a Technical Analysis Perspective, Is SAVEQ a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.
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