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Spirit Airlines Inc
NYSE:SAVE

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Spirit Airlines Inc
NYSE:SAVE
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Price: 1.08 USD Market Closed
Market Cap: $118.3m

ROE

-59.4%
Current
Declining
by 23.1%
vs 3-y average of -36.3%

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
-59.4%
=
Net Income
$-676.8m
/
Avg Total Equity
$1.1B

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
-59.4%
=
Net Income
$-676.8m
/
Avg Total Equity
$1.1B

Peer Comparison

Market Distribution

Lower than 88% of companies in the United States of America
Percentile
12th
Based on 13 668 companies
12th percentile
-59.4%
Low
-155 749.7% — -2%
Typical Range
-2% — 15.9%
High
15.9% — 143 206.7%
Distribution Statistics
the United States of America
Min -155 749.7%
30th Percentile -2%
Median 8.2%
70th Percentile 15.9%
Max 143 206.7%

Spirit Airlines Inc
Glance View

Market Cap
118.3m USD
Industry
Airlines

Spirit Airlines, Inc. is an airline that offers travel to customers. The company is headquartered in Miramar, Florida and currently employs 9,823 full-time employees. The company went IPO on 2011-05-26. The firm flies to approximately 85+ destinations across 16 countries in the United States, Latin America, and the Caribbean, primarily targeted toward leisure travelers and those looking to visit friends and relatives. The company focuses on value-conscious travelers who pay for their own travel and compete based on total price. The firm offers unbundled base fares with a range of optional services. The company allows passengers to save by paying only for the options they choose, such as checked and carry-on bags, wireless fidelity (Wi-Fi), advance seat assignments, priority boarding and refreshments. The company has a fleet of approximately 175+ Airbus A320 family aircraft. The company also operates Spirit Saver$ Club, which is a subscription-based loyalty program that allows members access to unpublished, low fares as well as discounted prices on bags, offers on hotels, rental cars, and other travel necessities.

SAVE Intrinsic Value
Not Available
What is Return on Equity?
Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.
How is ROE calculated?

ROE is calculated by dividing the Net Income by the Avg Total Equity.

ROE
-59.4%
=
Net Income
$-676.8m
/
Avg Total Equity
$1.1B
What is Spirit Airlines Inc's current ROE?

The current ROE for Spirit Airlines Inc is -59.4%, which is below its 3-year median of -36.3%.

How has ROE changed over time?

Over the last 3 years, Spirit Airlines Inc’s ROE has decreased from -29% to -59.4%. During this period, it reached a low of -59.4% on Jun 30, 2024 and a high of -15.8% on Jun 30, 2022.

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