Added to YB: 2024-01-23
Pitch date: 2024-01-22
SAVE [bullish]
Spirit Aviation Holdings, Inc.
-94.28%
current return
Author Info
No bio for this author
Company Info
Spirit Aviation Holdings, Inc. engages in providing passenger air transportation services. The company serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet.
Market Cap
$51.5M
Pitch Price
$8.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
27.37
P/E
-0.18
EV/Sales
1.47
Sector
Passenger Airlines
Category
turnaround
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)