Intrinsic value of Spirit Airlines - SAVE

Previous Close

$53.10

  Intrinsic Value

$138.77

stock screener

  Rating & Target

str. buy

+161%

Previous close

$53.10

 
Intrinsic value

$138.77

 
Up/down potential

+161%

 
Rating

str. buy

We calculate the intrinsic value of SAVE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  21.60
  19.94
  18.45
  17.10
  15.89
  14.80
  13.82
  12.94
  12.15
  11.43
  10.79
  10.21
  9.69
  9.22
  8.80
  8.42
  8.08
  7.77
  7.49
  7.24
  7.02
  6.82
  6.63
  6.47
  6.32
  6.19
  6.07
  5.97
  5.87
  5.78
Revenue, $m
  3,220
  3,862
  4,574
  5,356
  6,207
  7,126
  8,111
  9,160
  10,273
  11,447
  12,682
  13,977
  15,331
  16,745
  18,218
  19,751
  21,347
  23,005
  24,728
  26,519
  28,380
  30,315
  32,326
  34,418
  36,595
  38,860
  41,220
  43,679
  46,243
  48,916
Variable operating expenses, $m
  2,605
  3,124
  3,700
  4,333
  5,022
  5,765
  6,562
  7,411
  8,311
  9,261
  10,260
  11,307
  12,403
  13,546
  14,738
  15,979
  17,269
  18,611
  20,005
  21,454
  22,960
  24,525
  26,152
  27,844
  29,605
  31,438
  33,347
  35,336
  37,410
  39,573
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,605
  3,124
  3,700
  4,333
  5,022
  5,765
  6,562
  7,411
  8,311
  9,261
  10,260
  11,307
  12,403
  13,546
  14,738
  15,979
  17,269
  18,611
  20,005
  21,454
  22,960
  24,525
  26,152
  27,844
  29,605
  31,438
  33,347
  35,336
  37,410
  39,573
Operating income, $m
  615
  738
  874
  1,023
  1,186
  1,361
  1,549
  1,750
  1,962
  2,186
  2,422
  2,670
  2,928
  3,198
  3,480
  3,773
  4,077
  4,394
  4,723
  5,065
  5,421
  5,790
  6,174
  6,574
  6,990
  7,422
  7,873
  8,343
  8,832
  9,343
EBITDA, $m
  785
  942
  1,116
  1,307
  1,514
  1,738
  1,979
  2,235
  2,506
  2,793
  3,094
  3,410
  3,740
  4,085
  4,444
  4,818
  5,208
  5,612
  6,033
  6,469
  6,924
  7,395
  7,886
  8,396
  8,927
  9,480
  10,056
  10,656
  11,281
  11,933
Interest expense (income), $m
  40
  81
  108
  137
  170
  206
  246
  288
  334
  382
  434
  488
  545
  605
  668
  733
  802
  872
  946
  1,023
  1,103
  1,186
  1,272
  1,361
  1,454
  1,551
  1,652
  1,757
  1,866
  1,979
  2,098
Earnings before tax, $m
  534
  630
  736
  853
  979
  1,115
  1,261
  1,416
  1,580
  1,752
  1,934
  2,124
  2,323
  2,530
  2,746
  2,971
  3,205
  3,448
  3,700
  3,962
  4,235
  4,518
  4,813
  5,120
  5,439
  5,771
  6,117
  6,477
  6,853
  7,245
Tax expense, $m
  144
  170
  199
  230
  264
  301
  340
  382
  427
  473
  522
  574
  627
  683
  741
  802
  865
  931
  999
  1,070
  1,143
  1,220
  1,300
  1,382
  1,468
  1,558
  1,651
  1,749
  1,850
  1,956
Net income, $m
  390
  460
  537
  622
  715
  814
  920
  1,033
  1,153
  1,279
  1,412
  1,551
  1,696
  1,847
  2,005
  2,169
  2,339
  2,517
  2,701
  2,893
  3,092
  3,298
  3,514
  3,737
  3,970
  4,213
  4,465
  4,728
  5,003
  5,289

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,613
  5,532
  6,553
  7,673
  8,893
  10,209
  11,620
  13,124
  14,718
  16,400
  18,170
  20,025
  21,965
  23,990
  26,100
  28,297
  30,582
  32,958
  35,427
  37,993
  40,659
  43,431
  46,312
  49,309
  52,428
  55,674
  59,055
  62,578
  66,250
  70,081
Adjusted assets (=assets-cash), $m
  4,613
  5,532
  6,553
  7,673
  8,893
  10,209
  11,620
  13,124
  14,718
  16,400
  18,170
  20,025
  21,965
  23,990
  26,100
  28,297
  30,582
  32,958
  35,427
  37,993
  40,659
  43,431
  46,312
  49,309
  52,428
  55,674
  59,055
  62,578
  66,250
  70,081
Revenue / Adjusted assets
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
  0.698
Average production assets, $m
  2,250
  2,699
  3,197
  3,744
  4,339
  4,981
  5,670
  6,403
  7,181
  8,002
  8,865
  9,770
  10,717
  11,705
  12,734
  13,806
  14,921
  16,080
  17,285
  18,537
  19,838
  21,190
  22,596
  24,058
  25,580
  27,163
  28,813
  30,532
  32,324
  34,192
Working capital, $m
  -206
  -247
  -293
  -343
  -397
  -456
  -519
  -586
  -657
  -733
  -812
  -895
  -981
  -1,072
  -1,166
  -1,264
  -1,366
  -1,472
  -1,583
  -1,697
  -1,816
  -1,940
  -2,069
  -2,203
  -2,342
  -2,487
  -2,638
  -2,795
  -2,960
  -3,131
Total debt, $m
  1,993
  2,543
  3,154
  3,824
  4,553
  5,340
  6,184
  7,083
  8,036
  9,042
  10,101
  11,210
  12,370
  13,581
  14,843
  16,157
  17,523
  18,944
  20,421
  21,955
  23,549
  25,207
  26,930
  28,722
  30,587
  32,528
  34,550
  36,657
  38,853
  41,143
Total liabilities, $m
  2,758
  3,308
  3,919
  4,589
  5,318
  6,105
  6,949
  7,848
  8,801
  9,807
  10,865
  11,975
  13,135
  14,346
  15,608
  16,922
  18,288
  19,709
  21,185
  22,720
  24,314
  25,972
  27,695
  29,487
  31,352
  33,293
  35,315
  37,421
  39,618
  41,908
Total equity, $m
  1,854
  2,224
  2,634
  3,085
  3,575
  4,104
  4,671
  5,276
  5,917
  6,593
  7,304
  8,050
  8,830
  9,644
  10,492
  11,375
  12,294
  13,249
  14,242
  15,273
  16,345
  17,459
  18,618
  19,822
  21,076
  22,381
  23,740
  25,156
  26,633
  28,172
Total liabilities and equity, $m
  4,612
  5,532
  6,553
  7,674
  8,893
  10,209
  11,620
  13,124
  14,718
  16,400
  18,169
  20,025
  21,965
  23,990
  26,100
  28,297
  30,582
  32,958
  35,427
  37,993
  40,659
  43,431
  46,313
  49,309
  52,428
  55,674
  59,055
  62,577
  66,251
  70,080
Debt-to-equity ratio
  1.080
  1.140
  1.200
  1.240
  1.270
  1.300
  1.320
  1.340
  1.360
  1.370
  1.380
  1.390
  1.400
  1.410
  1.410
  1.420
  1.430
  1.430
  1.430
  1.440
  1.440
  1.440
  1.450
  1.450
  1.450
  1.450
  1.460
  1.460
  1.460
  1.460
Adjusted equity ratio
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402
  0.402

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  390
  460
  537
  622
  715
  814
  920
  1,033
  1,153
  1,279
  1,412
  1,551
  1,696
  1,847
  2,005
  2,169
  2,339
  2,517
  2,701
  2,893
  3,092
  3,298
  3,514
  3,737
  3,970
  4,213
  4,465
  4,728
  5,003
  5,289
Depreciation, amort., depletion, $m
  170
  204
  242
  284
  329
  377
  430
  485
  544
  606
  672
  740
  812
  887
  965
  1,046
  1,130
  1,218
  1,309
  1,404
  1,503
  1,605
  1,712
  1,823
  1,938
  2,058
  2,183
  2,313
  2,449
  2,590
Funds from operations, $m
  560
  664
  780
  906
  1,043
  1,191
  1,350
  1,519
  1,697
  1,886
  2,083
  2,291
  2,508
  2,734
  2,969
  3,215
  3,470
  3,735
  4,011
  4,297
  4,594
  4,904
  5,225
  5,560
  5,908
  6,270
  6,648
  7,041
  7,451
  7,879
Change in working capital, $m
  -37
  -41
  -46
  -50
  -54
  -59
  -63
  -67
  -71
  -75
  -79
  -83
  -87
  -90
  -94
  -98
  -102
  -106
  -110
  -115
  -119
  -124
  -129
  -134
  -139
  -145
  -151
  -157
  -164
  -171
Cash from operations, $m
  597
  705
  825
  956
  1,098
  1,250
  1,413
  1,586
  1,768
  1,961
  2,162
  2,374
  2,594
  2,824
  3,064
  3,313
  3,572
  3,841
  4,121
  4,412
  4,714
  5,028
  5,354
  5,694
  6,047
  6,415
  6,799
  7,199
  7,615
  8,050
Maintenance CAPEX, $m
  -140
  -170
  -204
  -242
  -284
  -329
  -377
  -430
  -485
  -544
  -606
  -672
  -740
  -812
  -887
  -965
  -1,046
  -1,130
  -1,218
  -1,309
  -1,404
  -1,503
  -1,605
  -1,712
  -1,823
  -1,938
  -2,058
  -2,183
  -2,313
  -2,449
New CAPEX, $m
  -399
  -449
  -498
  -547
  -595
  -642
  -688
  -734
  -778
  -821
  -863
  -905
  -947
  -988
  -1,030
  -1,072
  -1,115
  -1,159
  -1,205
  -1,252
  -1,301
  -1,352
  -1,406
  -1,462
  -1,521
  -1,584
  -1,650
  -1,719
  -1,792
  -1,869
Cash from investing activities, $m
  -539
  -619
  -702
  -789
  -879
  -971
  -1,065
  -1,164
  -1,263
  -1,365
  -1,469
  -1,577
  -1,687
  -1,800
  -1,917
  -2,037
  -2,161
  -2,289
  -2,423
  -2,561
  -2,705
  -2,855
  -3,011
  -3,174
  -3,344
  -3,522
  -3,708
  -3,902
  -4,105
  -4,318
Free cash flow, $m
  58
  86
  123
  167
  219
  279
  347
  423
  506
  596
  693
  797
  908
  1,024
  1,147
  1,276
  1,411
  1,552
  1,698
  1,850
  2,008
  2,173
  2,343
  2,520
  2,703
  2,894
  3,092
  3,297
  3,511
  3,733
Issuance/(repayment) of debt, $m
  491
  550
  610
  670
  729
  787
  844
  899
  953
  1,006
  1,058
  1,109
  1,160
  1,211
  1,262
  1,314
  1,367
  1,421
  1,477
  1,534
  1,595
  1,657
  1,723
  1,792
  1,865
  1,941
  2,022
  2,107
  2,196
  2,291
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  491
  550
  610
  670
  729
  787
  844
  899
  953
  1,006
  1,058
  1,109
  1,160
  1,211
  1,262
  1,314
  1,367
  1,421
  1,477
  1,534
  1,595
  1,657
  1,723
  1,792
  1,865
  1,941
  2,022
  2,107
  2,196
  2,291
Total cash flow (excl. dividends), $m
  549
  636
  733
  837
  949
  1,066
  1,191
  1,322
  1,459
  1,602
  1,751
  1,906
  2,068
  2,235
  2,409
  2,590
  2,778
  2,972
  3,174
  3,385
  3,603
  3,830
  4,066
  4,312
  4,568
  4,835
  5,113
  5,404
  5,707
  6,023
Retained Cash Flow (-), $m
  -329
  -370
  -410
  -450
  -490
  -529
  -567
  -604
  -641
  -676
  -711
  -746
  -780
  -814
  -848
  -883
  -919
  -955
  -993
  -1,031
  -1,072
  -1,114
  -1,158
  -1,205
  -1,254
  -1,305
  -1,359
  -1,416
  -1,476
  -1,540
Prev. year cash balance distribution, $m
  237
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  457
  266
  323
  387
  458
  537
  624
  717
  818
  926
  1,040
  1,161
  1,288
  1,421
  1,561
  1,707
  1,859
  2,017
  2,182
  2,353
  2,531
  2,716
  2,908
  3,107
  3,314
  3,530
  3,754
  3,988
  4,230
  4,483
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  438
  244
  281
  319
  355
  390
  421
  448
  470
  485
  494
  495
  490
  477
  458
  434
  404
  371
  336
  299
  262
  225
  191
  158
  129
  103
  81
  62
  46
  34
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Spirit Airlines, Inc. is an airline company. The Company provides air transportation for passengers. As of December 31, 2016, its all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America. As of December 31, 2016, it had a fleet of 95 Airbus single-aisle aircraft, which are referred to as A320 family aircraft and include the A319, A320 and A321 models, which have common design and equipment but differ most notably in fuselage length, service range and seat capacity. As of December 31, 2016, its fleet consisted of 29 A319s, 45 A320ceos, five A320neos and 16 A321ceos. Its Bare Fares offerings are unbundled base fares that remove components included in the price of an airline ticket. It also offers Frill Control, which allows customers to pay only for the options they choose, such as bags, advance seat assignments and refreshments. As of December 31, 2016, its route network included 200 markets served by 59 airports.

FINANCIAL RATIOS  of  Spirit Airlines (SAVE)

Valuation Ratios
P/E Ratio 13.9
Price to Sales 1.6
Price to Book 2.6
Price to Tangible Book
Price to Cash Flow 7.8
Price to Free Cash Flow -54.9
Growth Rates
Sales Growth Rate 8.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -1.5%
Cap. Spend. - 3 Yr. Gr. Rate 93.4%
Financial Strength
Quick Ratio 10
Current Ratio 0.2
LT Debt to Equity 64.4%
Total Debt to Equity 70.4%
Interest Coverage 11
Management Effectiveness
Return On Assets 10.2%
Ret/ On Assets - 3 Yr. Avg. 14%
Return On Total Capital 12.5%
Ret/ On T. Cap. - 3 Yr. Avg. 19%
Return On Equity 20.2%
Return On Equity - 3 Yr. Avg. 24.7%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 40.8%
Gross Margin - 3 Yr. Avg. 38.9%
EBITDA Margin 24.1%
EBITDA Margin - 3 Yr. Avg. 24%
Operating Margin 19.1%
Oper. Margin - 3 Yr. Avg. 20.4%
Pre-Tax Margin 18%
Pre-Tax Margin - 3 Yr. Avg. 19.9%
Net Profit Margin 11.4%
Net Profit Margin - 3 Yr. Avg. 12.6%
Effective Tax Rate 36.8%
Eff/ Tax Rate - 3 Yr. Avg. 36.6%
Payout Ratio 0%

SAVE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SAVE stock intrinsic value calculation we used $2647.666 million for the last fiscal year's total revenue generated by Spirit Airlines. The default revenue input number comes from 0001 income statement of Spirit Airlines. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SAVE stock valuation model: a) initial revenue growth rate of 21.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for SAVE is calculated based on our internal credit rating of Spirit Airlines, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Spirit Airlines.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SAVE stock the variable cost ratio is equal to 80.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SAVE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Spirit Airlines.

Corporate tax rate of 27% is the nominal tax rate for Spirit Airlines. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SAVE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SAVE are equal to 69.9%.

Life of production assets of 13.2 years is the average useful life of capital assets used in Spirit Airlines operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SAVE is equal to -6.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1762.574 million for Spirit Airlines - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 68.252 million for Spirit Airlines is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Spirit Airlines at the current share price and the inputted number of shares is $3.6 billion.

RELATED COMPANIES Price Int.Val. Rating
JBLU JetBlue Airway 18.17 35.65  str.buy
ALGT Allegiant Trav 121.43 302.83  str.buy
LUV Southwest Airl 53.23 64.38  hold
DAL Delta Air Line 56.10 199.91  str.buy
AAL American Airli 37.82 32.67  hold
ALK Alaska Air Gro 67.71 166.43  str.buy
SKYW Skywest 54.63 8.42  str.sell
UAL United Contine 91.98 196.53  str.buy

COMPANY NEWS

▶ Having 'The Talk' about college costs with your teen   [Nov-15-18 10:06AM  Associated Press]
▶ Spirit Airlines to launch new website, mobile app   [07:29AM  American City Business Journals]
▶ Spirit to have new nonstop route from Tampa to Puerto Rico   [Nov-13-18 01:18PM  American City Business Journals]
▶ Airlines Margins Have Room to Rise, Goldman Sachs Says   [Nov-12-18 11:30AM  Barrons.com]
▶ Civilian death toll in Yemen mounting despite US assurances   [Nov-10-18 05:20AM  Associated Press]
▶ FPA Capital Comments on Spirit Airlines   [Nov-05-18 03:20PM  GuruFocus.com]
▶ FPA Capital Fund 3rd Quarter Commentary   [03:00PM  GuruFocus.com]
▶ Do You Know Spirit Airlines Incs (NYSE:SAVE) Cash Situation?   [Nov-02-18 12:38PM  Simply Wall St.]
▶ Ben & Jerry's unveils Pecan Resist flavor ahead of midterms   [Oct-30-18 01:32PM  Associated Press]
▶ AP Investigation: Congo hospitals openly jail poor patients   [Oct-26-18 01:27PM  Associated Press]
▶ Why Spirit Airlines Stock Popped 11%   [Oct-25-18 03:23PM  Motley Fool]
▶ Spirit: 3Q Earnings Snapshot   [06:05PM  Associated Press]
▶ Mega Millions players would spend $1.6B on bills, charity   [Oct-22-18 03:30PM  Associated Press]
▶ Liz Weston: How to save money on health care   [11:34AM  Associated Press]
▶ South Carolina lawmakers to Trump: Save nuclear fuel project   [Oct-18-18 06:29PM  Associated Press]
▶ Turner homers as Dodgers beat Brewers 4-3 in NLCS Game 2   [Oct-13-18 09:08PM  Associated Press]
▶ Indonesian city's recovery to take 2 years, search nears end   [Oct-11-18 07:58AM  Associated Press]
▶ 6 Undervalued Stocks Trading Below Peter Lynch Value   [Oct-10-18 03:41PM  GuruFocus.com]
▶ The Latest: Experts: Storm could be one of Panhandle's worst   [Oct-09-18 11:49PM  Associated Press]
▶ Spirit Airlines to add jobs at Orlando International Airport   [Oct-05-18 01:41PM  American City Business Journals]
▶ No signs of life in hotel rubble, week after Indonesia quake   [Oct-04-18 11:55PM  Associated Press]
▶ 6 Stocks Trading Below Peter Lynch Value   [03:31PM  GuruFocus.com]
▶ Frontier pilots threaten strike, believe new Jacksonville routes unsustainable   [Sep-27-18 10:08AM  American City Business Journals]
▶ Airline Stocks Seen on Different Flight Paths   [Sep-24-18 03:08PM  Barrons.com]
▶ Isolated and unseen, Yemenis eat leaves to stave off famine   [Sep-14-18 01:44PM  Associated Press]
▶ Oklahoma, Cherokee Nation to examine poultry operations   [Sep-13-18 05:41PM  Associated Press]
▶ Feds lift roadblock to copper mining near Boundary Waters   [Sep-06-18 05:18PM  Associated Press]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.