Spirit Airlines, Inc.

Spirit Airlines, Inc.verified




Market Cap:


Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.[Read more]


Airlines, Airports & Air Services

IPO Date


Stock Exchange




The PE Ratio as of April 2024 (TTM) for Spirit Airlines, Inc. (SAVE) is -0.86

According to Spirit Airlines, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -0.86. This represents a change of -98.36% compared to the average of -52.29 of the last 4 quarters.

Spirit Airlines, Inc. (SAVE) Historical PE Ratio (quarterly & annually)

How has SAVE PE Ratio performed in the past?

The mean historical PE Ratio of Spirit Airlines, Inc. over the last ten years is 7.23. The current -0.86 PE Ratio has changed -1289.43% with respect to the historical average. Over the past ten years (40 quarters), SAVE's PE Ratio was at its highest in in the June 2018 quarter at 55.11. The PE Ratio was at its lowest in in the June 2023 quarter at -199.36.

Quarterly (TTM)









Spirit Airlines, Inc. (SAVE) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Spirit Airlines, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 243.85%

Maximum Annual PE Ratio = 25.38

Minimum Annual Increase = -158.71%

Minimum Annual PE Ratio = -4.85

Quarterly (TTM)
YearPE RatioChange

Spirit Airlines, Inc. (SAVE) Average PE Ratio

How has SAVE PE Ratio performed in the past?

The current PE Ratio of Spirit Airlines, Inc. (SAVE) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg


5-year avg


10-year avg


Spirit Airlines, Inc. (SAVE) PE Ratio vs. Peers

How is SAVE’s PE Ratio compared to its peers?

Spirit Airlines, Inc.’s PE Ratio is less than American Airlines Group Inc. (18.09K), less than Delta Air Lines, Inc. (5.94), less than Southwest Airlines Co. (34.22), less than United Airlines Holdings, Inc. (6.37), less than Sun Country Airlines Holdings, Inc. (10.32), greater than JetBlue Airways Corporation (-2.28), greater than Hawaiian Holdings, Inc. (-2.12), less than Allegiant Travel Company (8.65),

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