Spirit Airlines Inc (SAVEQ)

OTC Markets
Currency in USD
0.465
0.000(0.00%)
Closed
SAVEQ Scorecard
Full Analysis
Pays a significant dividend to shareholders
High dividend Yield
Fair Value
Day's Range
0.4510.475
52 wk Range
0.0105.177
Key Statistics
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Prev. Close
0.463
Open
0.47
Day's Range
0.451-0.475
52 wk Range
0.01-5.177
Volume
-
Average Volume (3m)
3.2M
1-Year Change
-90.17%
Book Value / Share
-
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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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 various destinations in the United States, Latin America, and the Caribbean. 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.

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: 2024-08-04, 10:52 a/m
Read Full Transcript

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 0.465

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 194.49%.

What Is the Spirit Airlines Market Cap?

As of today, Spirit Airlines market cap is 50.93M.

What is Spirit Airlines Earnings Per Share?

The Spirit Airlines EPS is -11.23.

What Is the Next Spirit Airlines Earnings Date?

Spirit Airlines will release its next earnings report on Apr 23, 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 Strong Sell.
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