Added to YB: 2024-02-09
Pitch date: 2024-02-09
SAVE [bullish]
Spirit Airlines, Inc.
-92.96%
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
$6.61
Price Target
10.00 (+2051%)
Dividend
N/A
EV/EBITDA
15.09
P/E
-0.83
EV/Sales
1.27
Sector
Passenger Airlines
Category
turnaround
Show full summary:
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)