Added to YB: 2024-08-19
Pitch date: 2024-08-16
SAVE [neutral]
Spirit Airlines, Inc.
-83.45%
current return
Author Info
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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
$2.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.09
P/E
-0.83
EV/Sales
1.27
Sector
Passenger Airlines
Category
special_situation
Catalyst Watch #2 - Spirit Airlines, Inc.
SAVE: $1.1bn loyalty bonds due 9/20/24. Company in talks w/ creditors. Loyalty program backs bonds; going concern likely benefits bondholders & equity. Potential restructuring may lead to equitization/dilution, negative for common equity. Key catalyst: bond maturity date.
Read full article (1 min)