Added to YB: 2024-01-23
Pitch date: 2024-01-22
SAVE [bullish]
Spirit Airlines, Inc.
-94.28%
current return
Author Info
No bio for this author
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Company Info
Spirit Airlines, Inc. provides airline services. The company also offers hotels and rental cars services.
Market Cap
$404.1M
Pitch Price
$8.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.09
P/E
-0.83
EV/Sales
1.27
Sector
Passenger Airlines
Category
turnaround
Show full summary:
Spirit Airlines: Don't Join The Panic
$SAVE faces uncertainty post-JetBlue deal block but $70M breakup fee, more efficient fleet, lower fuel costs support $300M FY25 net income forecast. Detailed FCF analysis suggests ability to refi $1.1B FY25 debt. Upside to $2.4-3.6B valuation (8-12x FY25 P/E) if bankruptcy avoided.
Read full article (7 min)