Spirit Airlines Future Growth

Future criteria checks 0/6

Spirit Airlines is forecast to grow earnings and revenue by 44% and 4.6% per annum respectively. EPS is expected to grow by 70.1% per annum. Return on equity is forecast to be -57% in 3 years.

Key information

44.0%

Earnings growth rate

70.1%

EPS growth rate

Airlines earnings growth	15.1%
Revenue growth rate	4.6%
Future return on equity	-57.0%
Analyst coverage	Good
Last updated	07 May 2024

Recent future growth updates

Recent updates

Spirit Airlines Non-GAAP EPS of $0.03 beats by $0.11, revenue of $1.34B misses by $10M

Oct 26

Spirit Airlines: Wait For The Payout

Sep 10

Spirit Airlines Non-GAAP EPS of -$0.30 beats by $0.16, revenue of $1.37B beats by $20M

Aug 09

Spirit Airlines vote on Frontier sale expected to fail - report

Jul 27

Spirit Airlines Saga: Asymmetric Risk Opportunity

Jul 14

Spirit Airlines: A Desperation Buy For JetBlue, Vote No On Frontier Airlines

Jul 06

Frontier Takes Top Spot To Acquire Spirit Airlines

Jun 26

Spirit Airlines: JetBlue Buy Offer Is More Compelling

Jun 10

Earnings and Revenue Growth Forecasts

NYSE:SAVE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	6,070	-127	N/A	N/A	6
12/31/2025	5,569	-236	75	106	9
12/31/2024	5,492	-410	-15	-190	7
3/31/2024	5,278	-486	-792	-524	N/A
12/31/2023	5,363	-447	-535	-247	N/A
9/30/2023	5,432	-534	-419	-121	N/A
6/30/2023	5,517	-413	-344	-45	N/A
3/31/2023	5,451	-463	-265	32	N/A
12/31/2022	5,068	-554	-353	-89	N/A
9/30/2022	4,665	-371	-393	-100	N/A
6/30/2022	4,244	-319	-484	-188	N/A
3/31/2022	3,737	-555	-270	42	N/A
12/31/2021	3,231	-473	-143	209	N/A
9/30/2021	2,742	-543	-123	181	N/A
6/30/2021	2,221	-657	31	306	N/A
3/31/2021	1,500	-513	-400	-73	N/A
12/31/2020	1,810	-429	-778	-225	N/A
9/30/2020	2,281	-190	-605	64	N/A
6/30/2020	2,871	-8	-511	163	N/A
3/31/2020	3,746	251	-294	381	N/A
12/31/2019	3,831	335	96	551	N/A
9/30/2019	3,724	346	23	556	N/A
6/30/2019	3,636	360	-15	596	N/A
3/31/2019	3,475	257	-76	540	N/A
12/31/2018	3,323	156	-287	506	N/A
9/30/2018	3,126	311	-445	346	N/A
6/30/2018	2,909	273	-503	353	N/A
3/31/2018	2,758	339	-490	423	N/A
12/31/2017	2,644	416	N/A	425	N/A
9/30/2017	2,556	217	N/A	421	N/A
6/30/2017	2,490	238	N/A	437	N/A
3/31/2017	2,374	234	N/A	389	N/A
12/31/2016	2,320	263	N/A	472	N/A
9/30/2016	2,263	291	N/A	544	N/A
6/30/2016	2,217	307	N/A	534	N/A
3/31/2016	2,186	310	N/A	562	N/A
12/31/2015	2,141	317	N/A	473	N/A
9/30/2015	2,096	299	N/A	423	N/A
6/30/2015	2,041	269	N/A	416	N/A
3/31/2015	1,987	257	N/A	339	N/A
12/31/2014	1,932	225	N/A	262	N/A
9/30/2014	1,877	213	N/A	228	N/A
6/30/2014	1,814	207	N/A	205	N/A
3/31/2014	1,722	184	N/A	201	N/A
12/31/2013	1,654	177	N/A	195	N/A
9/30/2013	1,563	153	N/A	198	N/A
6/30/2013	1,448	123	N/A	150	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAVE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SAVE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SAVE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SAVE's revenue (4.6% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: SAVE's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SAVE is forecast to be unprofitable in 3 years.

Spirit Airlines Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 11% to US$4.01

Consensus EPS estimates upgraded to US$2.91 loss

Price target decreased by 29% to US$5.06

Price target decreased by 17% to US$7.13

Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024

Price target decreased by 22% to US$13.00

Recent updates

Price target decreased by 11% to US$4.01

First quarter 2024 earnings: EPS exceeds analyst expectations

Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024

Spirit Airlines: The Spirit Is Gone, Time To Sell

Consensus EPS estimates upgraded to US$2.91 loss

Price target decreased by 29% to US$5.06

SAVE Yourself The Trouble On Spirit Airlines

Price target decreased by 17% to US$7.13

Insufficient new directors

JetBlue Airways Corporation (NasdaqGS:JBLU) cancelled the acquisition of Spirit Airlines, Inc. (NYSE:SAVE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), TIG Advisors, LLC, Fidelity Management & Research Company LLC and others.

Spirit Airlines: Positive Operating Cashflow, Path To Soaring Alone

Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024

Full year 2023 earnings: EPS misses analyst expectations

Spirit Airlines Is Not Set For A Chapter 11 Landing In 2024

Price target decreased by 22% to US$13.00

Why The JetBlue Airways Merger Deal With Spirit Airlines Was Blocked

New major risk - Share price stability

Spirit Airlines: Trading Strategies While Waiting For The Airline Merger

Spirit Airlines And JetBlue Deal: No Soft Landings Here

Updating Spirit/JetBlue Merger Probabilities As Trial Concludes

Spirit: An Extreme Merger Arbitrage Opportunity

Buy Spirit Airlines For The Same Reason JetBlue Is: The A321neo

New minor risk - Share price stability

Spirit Airlines Carry-On Fee Class Action Settlement: Claim Submission Now Open

Spirit Airlines Carry-On Fee Class Action Settlement: Claim Submission Now Open

Despite Weak Trading, Spirit JetBlue Merger Could Still Close

Spirit Airlines Announces New, Nonstop Service to Felipe Carillo Puerto International Airport in Tulum, Mexico

Third quarter 2023 earnings released: US$1.44 loss per share (vs US$0.33 loss in 3Q 2022)

Spirit Airlines, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Last Update Before Merger: Spirit Airlines Is A Buy

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 14%

Spirit Airlines: Thank You JetBlue

Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE).

Consensus EPS estimates fall by 23%

Price target decreased by 8.3% to US$20.00

Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023

Second quarter 2023 earnings released: US$0.022 loss per share (vs US$0.48 loss in 2Q 2022)

Spirit Airlines, Inc. to Report Q2, 2023 Results on Aug 03, 2023

JetBlue And Spirit Merger Potential Gets Stronger

Spirit Airlines: Value Remains Despite Uncertainties

Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE).

Inaugural dividend of US$0.10 per share

Price target decreased by 10% to US$21.63

First quarter 2023 earnings: Revenues in line with analyst expectations

Spirit Airlines, Inc. Announces the Launch of New Nonstop Service from San José Mineta International Airport

Spirit Airlines Announces the Launch of Five New, Nonstop Routes from Luis Muñoz Marín International Airport

Inaugural dividend of US$0.10 per share

Spirit Airlines, Inc. Announces Executive Changes

Spirit Airlines expects to hear from DOJ on JetBlue deal in next 30 days

Full year 2022 earnings: EPS misses analyst expectations

Spirit Airlines, Inc. Provides Operating Guidance for the First Quarter of 2023 and Full Year of 2023

Spirit Airlines, Inc. to Report Q4, 2022 Results on Feb 06, 2023

Spirit Airlines to Connect Charleston's Charm with 3 Major Metro Areas Along the East Coast

Insufficient new directors

Insufficient new directors

Third quarter 2022 earnings: EPS misses analyst expectations

Spirit Airlines, Inc. Provides Operating Guidance for the Fourth Quarter of 2022

Insufficient new directors

Spirit Airlines Non-GAAP EPS of $0.03 beats by $0.11, revenue of $1.34B misses by $10M

Spirit Airlines, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Spirit Airlines Embarks on New Daily Service at Norfolk

Spirit Airlines: Wait For The Payout

Spirit Airlines Launches its New, Nonstop Service at Reno–Tahoe International Airport

Spirit Airlines Non-GAAP EPS of -$0.30 beats by $0.16, revenue of $1.37B beats by $20M

Spirit Airlines, Inc.'s First Idaho Flight Takes to the Sky with the Launch of Nonstop Service from Boise

Spirit Airlines, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Spirit Airlines Celebrates its New, Nonstop Service to Albuquerque with a 'Spiritaneous' Giveaway

Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (NYSE:SAVE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK) and others.