CSIMarket

Spirit Airlines Inc.  (SAVE)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation
 
Price: $19.0700 $-0.48 -2.455%
Day's High: $19.68 Week Perf: 1.33 %
Day's Low: $ 19.07 30 Day Perf: -15.73 %
Volume (M): 1,553 52 Wk High: $ 28.30
Volume (M$): $ 29,616 52 Wk Avg: $22.82
Open: $19.37 52 Wk Low: $15.92



 Market Capitalization (Millions $) 2,082
 Shares Outstanding (Millions) 109
 Employees 4,219
 Revenues (TTM) (Millions $) 4,244
 Net Income (TTM) (Millions $) -319
 Cash Flow (TTM) (Millions $) -633
 Capital Exp. (TTM) (Millions $) 0

Spirit Airlines Inc.
Spirit Airlines is an ultra low-cost, low-fare airline based in Miramar, Florida that offers affordable travel to price-conscious customers. Our all-Airbus fleet currently operates more than 300 daily flights to 56 destinations in the United States, Caribbean and Latin America. Our stock trades on the NASDAQ Global Select Stock Market under the symbol "SAVE."

Our ultra low-cost carrier, or ULCC, business model allows us to compete principally by offering customers our Bare Fares TM, which are unbundled base fares that remove components traditionally included. We then give customers Frill Control TM, which provides customers the freedom to save by paying only for the options they choose such as bags, advance seat assignments and refreshments.

Our ULCC business model provides customers very low, unbundled base fares with a range of optional services, allowing customers the freedom to choose only the options they value. The success of our model is driven by our low cost structure, which permits us to offer very low base fares while maintaining one of the highest profit margins in the industry.
We are focused on price-sensitive travelers who pay for their own travel, and our business model is designed to deliver what we believe our customers want: low fares. We aggressively use low fares to stimulate air travel demand in order to increase passenger volume, load factors and non-ticket revenue on the flights we operate. Higher passenger volumes and load factors help us sell more ancillary products and services, which in turn allows us to reduce the base fare we offer even further, stimulating additional demand. We strive to be recognized by our customers and potential customers as the low-fare leader in the markets we serve.


We compete based on total price. We believe other airlines have used an all-inclusive price concept to effectively raise total prices to consumers, rather than lowering fares by unbundling each product or service. For example, carriers that tout “free bags” have included the cost of checking bags in the total ticket price, which does not allow passengers to see how much they would save if they did not check luggage. We believe that we and our customers benefit when we allow our customers to know the total price of their travel by breaking out the cost of optional products or services. Customers booking through our website are easily able to compare the total cost of flying with us versus flying with another airline.
We allow our customers to see all available options and their respective prices prior to purchasing a ticket, and this full transparency illustrates that our total price, including options selected, is lower than other airlines on average.

Ultra-Low Cost Structure. Our unit operating costs are among the lowest of all airlines operating in the Americas. We believe this cost advantage helps protect our market position and enables us to offer some of the lowest base fares in our markets, sustain among the highest operating margins in our industry and support continued growth. Our operating costs per available seat mile (CASM) of 9.65 cents in 2014, were significantly lower than those of the major domestic network carriers and among the lowest of the domestic low-cost carriers. We achieve these low unit operating costs in large part due to:

high aircraft utilization;

high-density seating configurations on our aircraft, which is part of our Plane Simple TM strategy with its dense seating configurations and simplified onboard product designed to lower costs;

no hub-and-spoke inefficiencies;

highly productive workforce;

opportunistic outsourcing of operating functions;

operating our Fit Fleet TM, a modern single fleet type of Airbus A320-family aircraft with common flight crews across it;

reduced sales, marketing and distribution costs through direct-to-consumer marketing;

efficient flight scheduling, including minimal ground times between flights; and

a company-wide business culture that is keenly focused on driving costs lower.
Innovative Revenue Generation. We execute our innovative, unbundled pricing strategy to produce significant non-ticket revenue generation, which allows us to stimulate passenger demand for our product by lowering base fares and enabling passengers to identify, select and pay for the products and services they want to use. Our unbundled strategy has enabled us to grow average non-ticket revenue per passenger flight segment from approximately $5 in 2006 to $55 in 2014 by:

charging for checked and carry-on baggage;

passing through all distribution-related expenses;

charging for premium seats and advance seat selection;

enforcing ticketing policies, including service charges for changes and cancellations;

generating subscription revenue from our $9 Fare Club ultra low-fare subscription service;

deriving brand-based revenues from proprietary services, such as our FREE SPIRIT affinity credit card program;

offering third-party travel products (travel packages), such as hotel rooms, ground transportation (rental and hotel shuttle products) and attractions (show or theme park tickets) packaged with air travel;

selling third-party travel insurance through our website; and

selling in-flight products and onboard advertising



   Company Address: 2800 Executive Way Miramar 33025 FL
   Company Phone Number: 447-7920   Stock Exchange / Ticker: NYSE SAVE
   SAVE is expected to report next financial results on October 26, 2022.


Customers Net Income grew by SAVE's Customers Net Profit Margin grew to

28.55 %

7.54 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

Year to Date Decrease / Increase
     
ALK   -21.47%    
DAL   -27.51%    
JBLU   -52.72%    
LUV   -28.39%    
SKYW   -56.4%    
UAL   -26.29%    
AMR        144.36% 
• View Complete Report
   



The Glimpse Group Inc.

The Glimpse Group Inc announced a same Sales like a year ago in the financial interval ending Jun 30 2022

In the financial interval ending Jun 30 2022 The Glimpse Group Inc loss increased of $-0.08 per share compared to $0.00 a year ago and improved from $-0.14 per share from the previous quarter.

Golden Star Resource Corp.

Golden Star Resource Corp reported a same Sales like a year ago in the fiscal fourth quarter of 2022

In the fiscal fourth quarter of 2022 Golden Star Resource Corp reached break-even of $-0.00 per share compared to $-0.00 a year ago and from $0.00 per share from the previous quarter.

The Intergroup Corporation

Losses Widen by The Intergroup Corporation in the fourth quarter of 2022 earnings season statement

The Intergroup Corporation announced very strong Sales growth of 249.21% year on year to $23.27 millions in the fourth quarter of 2022 earnings season, but increased losses at $-3.58.

Propanc Biopharma Inc.

Propanc Biopharma Inc reported Sales were unchanged from the same period a year ago in the fiscal interval ending Jun 30 2022

In the fiscal interval ending Jun 30 2022 Propanc Biopharma Inc lost money of $-0.01 per share compared to $-1.30 a year ago and from $-0.01 per share from the previous quarter.

Shineco Inc.

Break-even by Shineco Inc in the most recent fiscal period statement

In the most recent fiscal period Shineco Inc reached break-even of $0.00 per share compared to $-2.86 a year ago and from $-0.30 per share from the previous quarter.






 

Spirit Airlines's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Spirit Airlines does not provide revenue guidance.

Earnings Outlook
Shineco Inc. does not provide earnings estimates.

 
Geographic Revenue Dispersion


       
Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

XM's Profile

Stock Price

XM's Financials

Business Description

Fundamentals

Charts & Quotes

XM's News

Suppliers

XM's Competitors

Customers & Markets

Economic Indicators

XM's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Largest Companies

Management Effectivness

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Cryptocurrencies

Sectors & Industries

Commodities

Currencies

Help


Sitemap

Advertise

About us

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.    Copyright © 2022 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071