Spirit Airlines Inc
NYSE:SAVE
ROE
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.
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.
Peer Comparison
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| US |
|
Spirit Airlines Inc
NYSE:SAVE
|
118.3m USD |
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|
| US |
|
Delta Air Lines Inc
NYSE:DAL
|
46.4B USD |
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|
|
| US |
|
United Airlines Holdings Inc
NASDAQ:UAL
|
36.8B USD |
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|
|
| UK |
|
International Consolidated Airlines Group SA
LSE:IAG
|
20.2B GBP |
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|
|
| US |
|
Southwest Airlines Co
NYSE:LUV
|
26.6B USD |
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|
| CH |
|
Kinarus Therapeutics Holding AG
SIX:KNRS
|
19.5B CHF |
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|
| CN |
|
Air China Ltd
SSE:601111
|
153.9B CNY |
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|
| IE |
R
|
Ryanair Holdings PLC
LSE:RYA
|
15.4B EUR |
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|
| IN |
|
Interglobe Aviation Ltd
NSE:INDIGO
|
1.9T INR |
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|
|
| CN |
|
China Southern Airlines Co Ltd
SSE:600029
|
143.9B CNY |
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|
|
| CN |
|
China Eastern Airlines Corp Ltd
SSE:600115
|
136.7B CNY |
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Market Distribution
| Min | -155 749.7% |
| 30th Percentile | -2% |
| Median | 8.2% |
| 70th Percentile | 15.9% |
| Max | 143 206.7% |
Other Profitability Ratios
Spirit Airlines Inc
Glance View
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.
See Also
ROE is calculated by dividing the Net Income by the Avg Total Equity.
The current ROE for Spirit Airlines Inc is -59.4%, which is below its 3-year median of -36.3%.
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.