Spirit Airlines Past Earnings Performance
Past criteria checks 0/6
Spirit Airlines's earnings have been declining at an average annual rate of -40.1%, while the Airlines industry saw earnings growing at 14.3% annually. Revenues have been growing at an average rate of 15% per year.
Key information
-40.1%
Earnings growth rate
-41.0%
EPS growth rate
| Airlines Industry Growth | 0.09% |
| Revenue growth rate | 15.0% |
| Return on equity | -83.6% |
| Net Margin | -13.2% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Spirit Airlines: Liquidation Value Highlights Opportunity In Convertible Debt
Nov 13Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier Airlines
Oct 24Spirit Airlines: Death By A Thousand Cuts
Oct 05Spirit Airlines Investors May Need A Parachute Because Of A Potential 'Default'
Sep 25Spirit Airlines: Hawaiian Airlines Merger Is A Silver Lining
Aug 28Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?
Jul 21
Spirit Airlines Stock Falls On Restructuring Bankruptcy And Profit Concerns
Jul 17Spirit Q1: No Longer Taking Off (Rating Downgrade)
May 13Spirit Airlines: The Spirit Is Gone, Time To Sell
Apr 19SAVE Yourself The Trouble On Spirit Airlines
Apr 05Spirit Airlines: Positive Operating Cashflow, Path To Soaring Alone
Feb 28Spirit Airlines Is Not Set For A Chapter 11 Landing In 2024
Jan 23Why The JetBlue Airways Merger Deal With Spirit Airlines Was Blocked
Jan 17Spirit Airlines: Trading Strategies While Waiting For The Airline Merger
Jan 08Spirit Airlines And JetBlue Deal: No Soft Landings Here
Dec 18Updating Spirit/JetBlue Merger Probabilities As Trial Concludes
Dec 06Spirit: An Extreme Merger Arbitrage Opportunity
Nov 27Buy Spirit Airlines For The Same Reason JetBlue Is: The A321neo
Nov 19Despite Weak Trading, Spirit JetBlue Merger Could Still Close
Nov 01Last Update Before Merger: Spirit Airlines Is A Buy
Oct 13Spirit Airlines: Thank You JetBlue
Sep 14JetBlue And Spirit Merger Potential Gets Stronger
Jul 07Spirit Airlines: Value Remains Despite Uncertainties
Jun 27Revenue & Expenses Breakdown
How Spirit Airlines makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 5,127 | -677 | 183 | 0 |
| 31 Mar 24 | 5,278 | -486 | 188 | 0 |
| 31 Dec 23 | 5,363 | -447 | 191 | 0 |
| 30 Sep 23 | 5,432 | -534 | 191 | 0 |
| 30 Jun 23 | 5,517 | -413 | 192 | 0 |
| 31 Mar 23 | 5,451 | -463 | 190 | 0 |
| 31 Dec 22 | 5,068 | -554 | 178 | 0 |
| 30 Sep 22 | 4,665 | -371 | 169 | 0 |
| 30 Jun 22 | 4,244 | -319 | 158 | 0 |
| 31 Mar 22 | 3,737 | -555 | 144 | 0 |
| 31 Dec 21 | 3,231 | -473 | 132 | 0 |
| 30 Sep 21 | 2,742 | -543 | 117 | 0 |
| 30 Jun 21 | 2,221 | -657 | 99 | 0 |
| 31 Mar 21 | 1,500 | -513 | 75 | 0 |
| 31 Dec 20 | 1,810 | -429 | 85 | 0 |
| 30 Sep 20 | 2,281 | -190 | 101 | 0 |
| 30 Jun 20 | 2,871 | -8 | 123 | 0 |
| 31 Mar 20 | 3,746 | 251 | 152 | 0 |
| 31 Dec 19 | 3,831 | 335 | 154 | 0 |
| 30 Sep 19 | 3,724 | 346 | 149 | 0 |
| 30 Jun 19 | 3,636 | 360 | 148 | 0 |
| 31 Mar 19 | 3,475 | 257 | 142 | 0 |
| 31 Dec 18 | 3,323 | 156 | 137 | 0 |
| 30 Sep 18 | 3,126 | 311 | 132 | 0 |
| 30 Jun 18 | 2,909 | 273 | 123 | 0 |
| 31 Mar 18 | 2,758 | 339 | 118 | 0 |
| 31 Dec 17 | 2,644 | 416 | 113 | 0 |
| 30 Sep 17 | 2,556 | 217 | 109 | 0 |
| 30 Jun 17 | 2,490 | 238 | 105 | 0 |
| 31 Mar 17 | 2,374 | 234 | 99 | 0 |
| 31 Dec 16 | 2,320 | 263 | 97 | 0 |
| 30 Sep 16 | 2,263 | 291 | 94 | 0 |
| 30 Jun 16 | 2,217 | 307 | 91 | 0 |
| 31 Mar 16 | 2,186 | 310 | 89 | 0 |
| 31 Dec 15 | 2,141 | 317 | 87 | 0 |
| 30 Sep 15 | 2,096 | 299 | 82 | 0 |
| 30 Jun 15 | 2,041 | 269 | 79 | 0 |
| 31 Mar 15 | 1,987 | 257 | 77 | 0 |
| 31 Dec 14 | 1,932 | 225 | 75 | 0 |
| 30 Sep 14 | 1,877 | 213 | 76 | 0 |
| 30 Jun 14 | 1,814 | 207 | 73 | 0 |
| 31 Mar 14 | 1,722 | 184 | 70 | 0 |
| 31 Dec 13 | 1,654 | 177 | 67 | 0 |
Quality Earnings: SAVE.Q is currently unprofitable.
Growing Profit Margin: SAVE.Q is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SAVE.Q is unprofitable, and losses have increased over the past 5 years at a rate of 40.1% per year.
Accelerating Growth: Unable to compare SAVE.Q's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SAVE.Q is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (10.5%).
Return on Equity
High ROE: SAVE.Q has a negative Return on Equity (-83.59%), as it is currently unprofitable.