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 ROE as of September 2024 (TTM) for Spirit Airlines, Inc. (SAVE) is -63.51%

According to Spirit Airlines, Inc.’s latest financial reports and current stock price. The company's current ROE is -63.51%. This represents a change of 283.63% compared to the average of -16.56% of the last 4 quarters.

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

How has SAVE ROE performed in the past?

The mean historical ROE of Spirit Airlines, Inc. over the last ten years is -0.26%. The current -63.51% ROE has changed 24.59% with respect to the historical average. Over the past ten years (40 quarters), SAVE's ROE was at its highest in in the December 2017 quarter at 14.09%. The ROE was at its lowest in in the June 2024 quarter at -23.83%.

Quarterly (TTM)
Annual

Average

-0.26%

Median

11.45%

Minimum

-39.45%

Maximum

25.89%

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

Discovering the peaks and valleys of Spirit Airlines, Inc. ROE, 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 = 83.57%

Maximum Annual ROE = 25.89%

Minimum Annual Increase = -228.53%

Minimum Annual ROE = -39.45%

Quarterly (TTM)
Annual
YearROEChange
2023-39.45%11.88%
2022-35.26%57.73%
2021-22.35%17.31%
2020-19.06%-228.53%
201914.83%83.57%
20188.08%-65.46%
201723.38%23.76%
201618.89%-27.02%
201525.89%15.18%
201422.48%-2.28%

Spirit Airlines, Inc. (SAVE) Average ROE

How has SAVE ROE performed in the past?

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

3-year avg

-32.35%

5-year avg

-20.26%

10-year avg

-0.26%

Spirit Airlines, Inc. (SAVE) ROE vs. Peers

How is SAVE’s ROE compared to its peers?

Spirit Airlines, Inc.’s ROE is less than American Airlines Group Inc. (2.35%), less than Delta Air Lines, Inc. (42.46%), less than Southwest Airlines Co. (0.73%), less than United Airlines Holdings, Inc. (30.99%), less than Sun Country Airlines Holdings, Inc. (9.49%), greater than JetBlue Airways Corporation (-31.34%), greater than Hawaiian Holdings, Inc. (-1105.51%), greater than Allegiant Travel Company (-1.50%),

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