SAVE Stock - Spirit Airlines, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $4.91B | $5.36B | $5.07B | $3.23B | $1.81B |
| Gross Profit | $2.01B | $590.87M | $973.03M | $232.06M | $-723,200,000 |
| Gross Margin | 41.0% | 11.0% | 19.2% | 7.2% | -40.0% |
| Operating Income | $-1,105,378,000 | $-495,757,000 | $-598,917,000 | $-56,874,000 | $-507,762,000 |
| Net Income | $-1,229,495,000 | $-447,464,000 | $-554,150,000 | $-472,569,000 | $-428,700,000 |
| Net Margin | -25.0% | -8.3% | -10.9% | -14.6% | -23.7% |
| EPS | $-11.23 | $-4.10 | $-5.10 | $-4.50 | $-5.06 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 17th 2024 | TD Cowen | Downgrade | Sell | $2← $3 |
| July 8th 2024 | Deutsche Bank | Downgrade | Sell | $2← $3 |
| July 5th 2024 | Raymond James | Downgrade | Underperform | - |
| May 7th 2024 | TD Cowen | Reiterated | Hold | $3← $4 |
| April 16th 2024 | TD Cowen | Reiterated | Hold | $4← $5 |
| March 27th 2024 | Barclays | Resumed | Underweight | $4 |
| January 22nd 2024 | TD Cowen | Reiterated | Market Perform | $5← $11 |
| January 18th 2024 | Citigroup | Downgrade | Sell | $4← $13 |
| January 17th 2024 | BofA Securities | Resumed | Underperform | $5 |
| January 17th 2024 | Seaport Research Partners | Downgrade | Neutral | - |
| January 17th 2024 | Susquehanna | Downgrade | Negative | $5← $15 |
| December 20th 2022 | Deutsche Bank | Downgrade | Hold | $24← $27 |
| September 30th 2022 | Citigroup | Resumed | Neutral | - |
| August 1st 2022 | Cowen | Downgrade | Market Perform | $30← $40 |
| July 29th 2022 | JP Morgan | Downgrade | Underweight | $29← $30 |
Earnings History & Surprises
SAVEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2025 | Nov 10, 2025 | — | — | — | — |
Q3 2025 | Jul 30, 2025 | — | $-2.24 | — | — |
Q4 2024 | Nov 21, 2024 | $-2.27 | $-1.37 | +39.6% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $-1.30 | $-1.44 | -10.8% | ✗ MISS |
Q2 2024 | May 6, 2024 | $-1.43 | $-1.46 | -2.1% | ✗ MISS |
Q1 2024 | Feb 8, 2024 | $-1.41 | $-1.36 | +3.5% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $-1.47 | $-1.37 | +6.8% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.38 | $0.29 | -23.7% | ✗ MISS |
Q2 2023 | Apr 26, 2023 | $-0.89 | $-0.82 | +7.9% | ✓ BEAT |
Q1 2023 | Feb 6, 2023 | $0.04 | $0.12 | +206.1% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $-0.09 | $0.03 | +133.3% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $-0.34 | $-0.30 | +11.8% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $-1.54 | $-1.60 | -3.9% | ✗ MISS |
Q1 2022 | Feb 7, 2022 | $-0.89 | $-0.64 | +28.1% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $-0.95 | $-0.69 | +27.4% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $-0.83 | $-0.34 | +59.0% | ✓ BEAT |
Q2 2021 | Apr 21, 2021 | $-2.63 | $-2.48 | +5.7% | ✓ BEAT |
Q1 2021 | Feb 10, 2021 | $-1.44 | $-1.61 | -11.8% | ✗ MISS |
Q4 2020 | Oct 28, 2020 | $-2.63 | $-2.32 | +11.8% | ✓ BEAT |
Q3 2020 | Jul 22, 2020 | $-2.70 | $-3.59 | -33.0% | ✗ MISS |
Latest News
FAA Ends 3% Flight Reductions At 40 Major U.S. Airports Effective 6 A.M And Reviews Non-Compliance Reports For Enforcement Options
📈 PositiveDemocratic Senators Oppose Trump Administration Plan To Drop Biden Proposal To Force Airlines To Compensate Travelers For Carrier-Caused Delays
➖ NeutralFrequently Asked Questions about SAVE
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