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Last $59.61 USD
Change Today -0.10 / -0.17%
Volume 94.4K
SAVE On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 10:44 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

spirit airlines inc (SAVE) Snapshot

Open
$59.65
Previous Close
$59.71
Day High
$59.87
Day Low
$59.35
52 Week High
12/8/14 - $85.35
52 Week Low
10/16/14 - $52.75
Market Cap
4.3B
Average Volume 10 Days
1.1M
EPS TTM
$3.65
Shares Outstanding
72.9M
EX-Date
--
P/E TM
16.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for SPIRIT AIRLINES INC (SAVE)

spirit airlines inc (SAVE) Details

Spirit Airlines, Inc. provides low-fare airline services. As of June 30, 2015, it operated approximately 360 daily flights to 57 destinations in the United States, Caribbean, and Latin America. As of December 31, 2014, the company had a fleet of 65 Airbus single-aisle aircraft comprising 29 A319s, 34 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

4,219 Employees
Last Reported Date: 02/18/15
Founded in 1964

spirit airlines inc (SAVE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $484.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $318.6K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $320.0K
Senior Vice President, Acting Vice President ...
Total Annual Compensation: $323.7K
Vice President of Consumer Marketing
Total Annual Compensation: $220.6K
Compensation as of Fiscal Year 2014.

spirit airlines inc (SAVE) Key Developments

Spirit Airlines, Inc. Announces Unaudited Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015

Spirit Airlines, Inc. announced unaudited earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenues of USD 553,421,000 compared to USD 499,337,000 a year ago. Operating income was USD 122,315,000 compared to USD 105,144,000 a year ago. Income before income taxes was USD 120,858,000 compared to USD 103,788,000 a year ago. Net income was USD 76,704,000 or USD 1.05 per diluted share compared to USD 64,849,000 or USD 0.88 per diluted share a year ago. Adjusted net income, non-GAAP was USD 74,844,000 compared to USD 66,465,000 a year ago. Adjusted net income per share, diluted was USD 1.03 compared to USD 0.91 a year ago. Operating income, non-GAAP was USD 119,385,000 compared to USD 106,343,000 a year ago. Total operating revenue was 10.8% compared to the second quarter 2014, driven by an increase in flight volume, partially offset by a decrease in operating yields. For the six months, the company reported total operating revenues of USD 1,046,776,000 compared to USD 937,324,000 a year ago. Operating income was USD 231,566,000 compared to USD 165,097,000 a year ago. Income before income taxes was USD 229,892,000 compared to USD 163,772,000 a year ago. Net income was USD 145,706,000 or USD 1.99 per diluted share compared to USD 102,555,000 or USD 1.40 per diluted share a year ago. Net cash provided by operating activities was USD 296,871,000 compared to USD 144,135,000 a year ago. Purchase of property and equipment was USD 308,163,000 compared to USD 7,430,000 a year ago. For the quarter, the company reported available seat miles of 5,213,299,000 compared to 4,008,507,000 a year ago. Revenue passenger miles were 4,481,064,000 compared to 3,506,459,000 a year ago. Load factor was 86.0% compared to 87.5% a year ago. For the six months, the company reported available seat miles of 9,942,762,000 compared to 7,793,234,000 a year ago. Revenue passenger miles were 8,498,622,000 compared to 6,795,746,000 a year ago. Load factor was 85.5% compared to 87.2% a year ago.

Spirit Airlines, Inc. Reports Preliminary Traffic Results for the Month and Year to Date Ended June 2015

Spirit Airlines, Inc. reported preliminary traffic results for the month and year to date ended June 2015. For the month, the company reported revenue passenger miles were 1,505,728,000 against 1,203,863,000 a year ago. Available seat miles were 1,729,284,000 against 1,346,117,000 a year ago. Load factor for June 2015 was 87.1%, a decrease of 2.3% points compared to June 2014. Average stage length (miles) was 972 against 972 a year ago. Total departures were 10,666 against 8,514 a year ago. For the year to date, the company reported revenue passenger miles were 8,498,622,000 against 6,795,746,000 a year ago. Available seat miles were 9,942,762,000 against 7,793,234,000 a year ago. Load factor was 85.5% against 87.2% a year ago. Average stage length (miles) was 982 against 988 a year ago. Total departures were 61,208 against 48,914 a year ago.

Spirit Airlines, Inc., Q2 2015 Earnings Call, Jul 24, 2015

Spirit Airlines, Inc., Q2 2015 Earnings Call, Jul 24, 2015

 

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Industry Analysis

SAVE

Industry Average

Valuation SAVE Industry Range
Price/Earnings 16.5x
Price/Sales 2.2x
Price/Book 4.1x
Price/Cash Flow 15.3x
TEV/Sales 1.6x
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