Added to YB: 2024-02-09
Pitch date: 2024-02-09
SAVE [bullish]
Spirit Aviation Holdings, Inc.
-92.96%
current return
Author Info
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
$6.61
Price Target
10.00 (+2051%)
Dividend
N/A
EV/EBITDA
27.37
P/E
-0.18
EV/Sales
1.47
Sector
Passenger Airlines
Category
turnaround
Spirit 4Q23: Beginning of the Turnaround?
$SAVE: Spirit expects return to profitability & cash flow in '23 despite Q1 losses; mgmt sees domestic recovery & restructuring benefits in Q2-Q4. Stock at $7 vs $10 book val of closest peer $ALGT. Historically airlines 2x book; industry pain may be more cyclical than believed.
Read full article (3 min)