Spirit AirlinesSAVE
About: Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
Employees: 13,167
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
9% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 53
5% less funds holding
Funds holding: 203 [Q1] → 193 (-10) [Q2]
6.28% less ownership
Funds ownership: 41.38% [Q1] → 35.11% (-6.28%) [Q2]
19% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 54
36% less capital invested
Capital invested by funds: $220M [Q1] → $141M (-$79.4M) [Q2]
69% less call options, than puts
Call options by funds: $38M | Put options by funds: $124M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Susquehanna Christopher Stathoulopoulos 91% 1-year accuracy 20 / 22 met price target | 1%downside $1.50 | Negative Maintained | 9 Oct 2024 |
Susquehanna Christopher Stathoulopoulos 91% 1-year accuracy 20 / 22 met price target | 48%upside $2.25 | Negative Maintained | 16 Aug 2024 |
Citigroup Stephen Trent 76% 1-year accuracy 13 / 17 met price target | 81%upside $2.75 | Sell Maintained | 23 Jul 2024 |
Financial journalist opinion
Based on 33 articles about SAVE published over the past 30 days