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.
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. |
Metrics to compare | SAVEQ | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipSAVEQPeersSector | |
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P/E Ratio | −0.1x | −3.4x | 11.9x | |
PEG Ratio | 0.00 | −0.32 | 0.03 | |
Price/Book | 0.1x | 1.6x | 1.4x | |
Price / LTM Sales | 0.0x | 0.6x | 1.2x | |
Upside (Analyst Target) | 300.8% | 20.0% | 24.0% | |
Fair Value Upside | Unlock | 11.9% | 6.4% | Unlock |