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Spirit Airlines Inc (SAVE)

Spirit Airlines Inc (SAVE)
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Spirit Airlines, Inc. is an ultra low-cost carrier. The company provides travel opportunities principally to and from South Florida, the Caribbean and Latin America. Its strategy of unbundling its services and offering customers the option for purchase, ranging from bags and seat assignment to refreshments, has been much appreciated. The unbundled base fares do away with the components that are traditionally included in ticket prices. Its primary markets are of three types: large leisure destinations (Orlando, Ft. Lauderdale, Las Vegas, New Orleans, Myrtle Beach, Ft. Myers), large domestic markets (large metropolitan cities) and international destinations (Latin America, Caribbean & northern South America). The company maintains a young all-airbus fleet, which operates multiple daily flights across countries including the United States, Caribbean and Latin America. The fleet is highly fuel-efficient. Its jets are categorised into A319 CEO, A320 CEO, A320 NEO, and A321 CEO.
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 5,362,550 5,068,450 3,230,780 1,810,020 3,830,540
Sales Growth +5.80% +56.88% +78.49% -52.75% +15.27%
Net Income -447,460 -554,150 -472,570 -428,700 335,260
Net Income Growth +19.25% -17.26% -10.23% -227.87% +115.26%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 9,417,240 9,184,770 8,540,030 8,398,830 7,043,410
Total Assets Growth +2.53% +7.55% +1.68% +19.24% +36.36%
Total Liabilities 8,282,900 7,613,120 6,425,990 6,149,130 4,782,080
Total Liabilities Growth +8.80% +18.47% +4.50% +28.59% +47.73%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow -246,660 -89,020 208,890 -225,270 409,220
Operating Cash Flow Growth -177.08% -142.62% +192.73% -155.05% -19.20%
Net Cash Flow -481,130 36,840 -432,220 882,170 -25,780
Change in Net Cash Flow -1,406.00% +108.52% -149.00% +3,521.92% -112.64%
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