Spirit Airlines, Inc.

Spirit Airlines, Inc.verified

SAVE

Price:

$2.51

Market Cap:

$274.89M

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.[Read more]

Industry

Airlines, Airports & Air Services

IPO Date

2011-05-26

Stock Exchange

NYSE

Ticker

SAVE

The Current Ratio as of September 2024 (TTM) for Spirit Airlines, Inc. (SAVE) is 0.94

According to Spirit Airlines, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.94. This represents a change of 1.24% compared to the average of 0.93 of the last 4 quarters.

Spirit Airlines, Inc. (SAVE) Historical Current Ratio (quarterly & annually)

How has SAVE Current Ratio performed in the past?

The mean historical Current Ratio of Spirit Airlines, Inc. over the last ten years is 1.62. The current 0.94 Current Ratio has changed 5.71% with respect to the historical average. Over the past ten years (40 quarters), SAVE's Current Ratio was at its highest in in the December 2015 quarter at 2.20. The Current Ratio was at its lowest in in the December 2023 quarter at 0.90.

Quarterly (TTM)
Annual

Average

1.62

Median

1.68

Minimum

0.90

Maximum

2.20

Spirit Airlines, Inc. (SAVE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Spirit Airlines, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 40.91%

Maximum Annual Current Ratio = 2.20

Minimum Annual Increase = -27.57%

Minimum Annual Current Ratio = 0.90

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.90-27.57%
20221.25-13.54%
20211.44-17.72%
20201.7640.91%
20191.25-22.73%
20181.61-18.77%
20171.988.19%
20161.83-16.66%
20152.2010.08%
20142.003.51%

Spirit Airlines, Inc. (SAVE) Average Current Ratio

How has SAVE Current Ratio performed in the past?

The current Current Ratio of Spirit Airlines, Inc. (SAVE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.20

5-year avg

1.32

10-year avg

1.62

Spirit Airlines, Inc. (SAVE) Current Ratio vs. Peers

How is SAVE’s Current Ratio compared to its peers?

Spirit Airlines, Inc.’s Current Ratio is greater than American Airlines Group Inc. (0.60), greater than Delta Air Lines, Inc. (0.40), greater than Southwest Airlines Co. (0.90), greater than United Airlines Holdings, Inc. (0.77), greater than Sun Country Airlines Holdings, Inc. (0.58), greater than JetBlue Airways Corporation (0.54), less than Hawaiian Holdings, Inc. (1.11), greater than Allegiant Travel Company (0.74),

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