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Spirit Airlines Inc

$24.31

Earnings Summary

Revenue
$967.32Mn
Net Profits
$-194.7Mn
Net Profit Margins
-20.13%

Highlights

Revenue:

Spirit Airlines Inc’s revenue jumped 109.7% since last year same period to $967.32Mn in the Q1 2022. On a quarterly growth basis, Spirit Airlines Inc has generated -2.05% fall in its revenue since last 3-months.

Net Profits:

Spirit Airlines Inc’s net profit fell -73.35% since last year same period to $-194.7Mn in the Q1 2022. On a quarterly growth basis, Spirit Airlines Inc has generated -123.39% fall in its net profits since last 3-months.

Net Profit Margins:

Spirit Airlines Inc’s net profit margin jumped 17.34% since last year same period to -20.13% in the Q1 2022. On a quarterly growth basis, Spirit Airlines Inc has generated -128.06% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Spirit Airlines Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.42
EPS Estimate Current Year
-0.42

Highlights

EPS Estimate Current Quarter:

Spirit Airlines Inc’s earning per share (EPS) estimates for the current quarter stand at -0.42 - a 73.42% jump from last quarter’s estimates.

EPS Estimate Current Year:

Spirit Airlines Inc’s earning per share (EPS) estimates for the current year stand at -0.42.

Key Ratios

Key ratios of the Spirit Airlines Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-1.6
Return on Assets (ROA)
-0.02
Return on Equity (ROE)
-0.16
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Spirit Airlines Inc’s earning per share (EPS) jumped 35.48% since last year same period to -1.6 in the Q1 2022. This indicates that the Spirit Airlines Inc has generated 35.48% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Spirit Airlines Inc’s return on assets (ROA) stands at -0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Spirit Airlines Inc’s return on equity (ROE) stands at -0.16.

Dividend Per Share (DPS):

Spirit Airlines Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-04
-1.58
-1.6
-1.27%

Company Information

Spirit Airlines is committed to delivering the best value in the sky. The company is the leader in providing customizable travel options starting with an unbundled fare. This allows its Guests to pay only for the options they choose - like bags, seat assignments and refreshments - something Spirit Airlines calls Á La Smarte. The company makes it possible for its Guests to venture further and discover more than ever before. Its Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. Spirit Airlines serves destinations throughout the U.S., Latin America and the Caribbean, and is dedicated to giving back and improving those communities.

Organisation
Spirit Airlines Inc
Headquarters
Miramar, Florida, US
Employees
8.69K
Industry
Transportation
CEO
Edward Christie