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Spirit Aviation Holdings, Inc.OTCPK:SAVE.Q Stock Report

Market Cap US$50.7m
Share Price
n/a
US$2
n/aintrinsic discount
1Y-89.8%
7D-7.2%
1D
Portfolio Value
​
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Spirit Aviation Holdings, Inc.

OTCPK:SAVE.Q Stock Report

Market Cap: US$50.7m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Spirit Airlines (SAVE.Q) Stock Overview

Engages in providing passenger air transportation services. More details

SAVE.Q fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

Rewards

Trading at 98.2% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Highly volatile share price over the past 3 months compared to the US market

Earnings have declined by 33.7% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap ($51M)

+ 1 more risk

SAVE.Q Community Fair Values

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Spirit Airlines, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Spirit Airlines
Historical stock prices
Current Share PriceUS$0.47
52 Week HighUS$5.18
52 Week LowUS$0.01
Beta1.25
1 Month Change-38.68%
3 Month Change-40.23%
1 Year Change-89.78%
3 Year Change-97.92%
5 Year Change-94.84%
Change since IPO-95.97%

Recent News & Updates

Recent updates

Seeking Alpha • Nov 13

Spirit Airlines: Liquidation Value Highlights Opportunity In Convertible Debt

Summary Spirit Airlines, Inc.'s stock plummeted ~60% after Frontier Group Holdings, Inc. dropped its acquisition bid, leading to potential bankruptcy and asset liquidation concerns. Spirit canceled its Q3 earnings release to focus on debt restructuring. It aims to continue operations without layoffs but may cancel existing stock. Estimated asset value is below liabilities, suggesting equity will be wiped out in bankruptcy, with significant potential losses on convertible notes. It is unclear if Spirit will avoid liquidation, as its operating profits could recover if the labor shortage is resolved, and it improves its reputation with employees and customers. Read the full article on Seeking Alpha
Seeking Alpha • Oct 24

Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier Airlines

Summary Spirit Airlines faces significant financial challenges, including increased costs and debt maturity, exacerbated by higher fuel prices, wages, and grounded aircraft. Two failed merger attempts with Frontier and JetBlue highlight Spirit's struggle to remain competitive and profitable as a standalone business. Frontier Airlines is revisiting a potential merger with Spirit, but the acquisition price will likely be much lower than previous offers. Given the uncertain merger outcome and potential unfavorable terms for shareholders, investing in Spirit Airlines is highly speculative and not recommended. Read the full article on Seeking Alpha
Seeking Alpha • Oct 05

Spirit Airlines: Death By A Thousand Cuts

Summary Spirit Airlines' stock has plummeted 88.4% since its failed merger with JetBlue plunged it into an existential crisis. Revenue dropped significantly despite increased aircraft and departures, with total revenue per passenger falling from $128.03 to $108.46. Core costs surged, including aircraft rent, salaries, and landing fees, exacerbating financial woes despite a slight decrease in fuel expenses. With $1.14 billion in debt maturing soon and limited refinancing options, bankruptcy seems imminent within the next six months. Read the full article on Seeking Alpha
Seeking Alpha • Sep 25

Spirit Airlines Investors May Need A Parachute Because Of A Potential 'Default'

Summary An expected exchange offer could result in a debt rating downgrade for Spirit Airlines, to selective default by S&P. The $1.11 billion 8% 2025 secured notes may be very difficult to refinance. SAVE's debt trades at huge discount from par. Ch.11 bankruptcy might be a better long-term option. Read the full article on Seeking Alpha
Seeking Alpha • Aug 28

Spirit Airlines: Hawaiian Airlines Merger Is A Silver Lining

Summary Spirit Airlines, Inc. shares have dropped over 82% since the failed JetBlue merger, raising concerns about their financial health and future viability as a standalone airline. Despite financial struggles, Spirit's undervalued assets and recent regulatory shifts suggest potential for acquisition, making it a high-risk, high-reward investment opportunity. The DOJ's approval of the Alaska-Hawaiian merger indicates a possible regulatory shift, which could favor Spirit in finding a suitable acquirer. Spirit's management is focused on refinancing debt and improving liquidity, which could enhance the airline's attractiveness to potential buyers and investors. Read the full article on Seeking Alpha
Analysis Article • Jul 21

Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?

Key Insights Spirit Airlines' estimated fair value is US$5.43 based on 2 Stage Free Cash Flow to Equity Current share...
Seeking Alpha • Jul 17

Spirit Airlines Stock Falls On Restructuring Bankruptcy And Profit Concerns

Summary Spirit Airlines stock down 10% after profit warning. Revenue and profit guidance have been lowered, and analysts are even more pessimistic on the forward financial performance of Spirit Airlines. Overcapacity in the leisure market impacting Spirit Airlines' ability to generate cash and service debt. Read the full article on Seeking Alpha
Seeking Alpha • May 13

Spirit Q1: No Longer Taking Off (Rating Downgrade)

Summary Spirit Airlines' Q1 performance was underwhelming, with a decline in profitability and revenue. The airline's heavy investment in aircraft raises liquidity concerns and potential bankruptcy risks. The disappointing results have shaken investor confidence and may hinder debt restructuring, impacting financial stability. Read the full article on Seeking Alpha
Seeking Alpha • Apr 19

Spirit Airlines: The Spirit Is Gone, Time To Sell

Summary Spirit Airlines has struggled to reduce unit costs despite growing capacity, leading to margin contraction. The company has adjusted its first quarter earnings guidance due to the recognition of credits related to the GTF issues. Spirit Airlines has deferred aircraft deliveries and laid off pilots in an attempt to improve profitability. But the stock is still unattractive due to uncertainties and lack of significant upside. Read the full article on Seeking Alpha
Seeking Alpha • Apr 05

SAVE Yourself The Trouble On Spirit Airlines

Summary Spirit Airlines' share price recently plummeted due to a failed merger with JetBlue, raising questions about its future. The company has a history of negative free cash flow and relies on debt and share sales to cover expenses. Their business model needs to prove that it can deliver positive cash flow over time and across the cycles that hurt the airline industry before it becomes investable. Read the full article on Seeking Alpha
Seeking Alpha • Feb 28

Spirit Airlines: Positive Operating Cashflow, Path To Soaring Alone

Summary Spirit Airlines presents a unique investment opportunity despite the setback with the JetBlue merger. The court's decision to block the merger was focused on protecting consumers' access to affordable travel. Spirit Airlines has a solid financial cash position, potential liquidity enhancements, and strategic options for a turnaround. Q4 Earnings showed a path to positive operational cash flow and a turnaround in the business. Read the full article on Seeking Alpha

Shareholder Returns

SAVE.QUS AirlinesUS Market
7D-7.2%7.5%1.1%
1Y-89.8%38.4%28.7%

Return vs Industry: SAVE.Q underperformed the US Airlines industry which returned 19.5% over the past year.

Return vs Market: SAVE.Q underperformed the US Market which returned 6.9% over the past year.

Price Volatility

Is SAVE.Q's price volatile compared to industry and market?
SAVE.Q volatility
SAVE.Q Average Weekly Movement21.4%
Airlines Industry Average Movement8.8%
Market Average Movement7.2%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stable Share Price: SAVE.Q's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: SAVE.Q's weekly volatility has decreased from 41% to 21% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
196411,331Ted Christiewww.spirit.com

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.

Spirit Airlines, Inc. Fundamentals Summary

How do Spirit Airlines's earnings and revenue compare to its market cap?
SAVE.Q fundamental statistics
Market capUS$50.71m
Earnings (TTM)-US$1.23b
Revenue (TTM)US$4.91b
0.0x
P/S Ratio
0.0x
P/E Ratio

Is SAVE.Q overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SAVE.Q income statement (TTM)
RevenueUS$4.91b
Cost of RevenueUS$4.49b
Gross ProfitUS$420.96m
Other ExpensesUS$1.65b
Earnings-US$1.23b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-11.23
Gross Margin8.57%
Net Profit Margin-25.02%
Debt/Equity Ratio-2,742.0%

How did SAVE.Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/12 02:07
End of Day Share Price 2025/03/12 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spirit Aviation Holdings, Inc. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Garrett ChaseBarclays
Stephen TrentCitigroup Inc
Duane PfennigwerthEvercore ISI