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  2. 3.85
    USD -0.20 (-5.05%) today
    Projection
    This chart isn’t available.
    Loading…
    Open
    4.09
    P/E
    -
    Vol
    5.83 M
    High
    4.19
    52wk High
    18.44
    Avg Vol
    7.83 M
    Low
    3.81
    52wk Low
    3.18
    Mkt Cap
    422.13 M
    See more on MSN · Data from Refinitiv · NLS Real-Time Price · Price in USD · Market closed · Disclaimer
     
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  4. People also ask
    Should you buy Spirit Airlines stock?It's pretty simple: Don't buy stocks of companies that continue to lose money and have insurmountable piles of debt. One might argue that Spirit Airlines is cheap, given the current discount to book value. Book value is an estimate of the net worth of a company's balance sheet; it takes all of a company's assets and subtracts the liabilities.
    What happened to Spirit Airlines (save)?Spirit Airlines (NYSE: SAVE) was once the target of a hot bidding war between two of its rivals, Frontier Group (NASDAQ: ULCC) and JetBlue Airways (NASDAQ: JBLU ). Less than two years after JetBlue successfully beat out Frontier with a deal valuing Spirit at $34.15 per share, Spirit's stock nose-dived to under $4 per share.
    How much debt does Spirit Airlines have?Spirit Airlines is currently in terrible financial shape. They have $3.392 billion long-term debt compared to equity capitalization of only $416 million using the latest SAVE price of $3.80. Over $1.267 billion debt matures in 2025 followed by $674 million maturing in 2026. The airline reported a loss of $1.30 per share in 1Q '24.
    How did Spirit Airlines perform in the first quarter of 2024?On May 6, Spirit Airlines reported its earnings for the first quarter of 2024. The company continues to struggle compared to the other major airliners in the United States. Operating loss was $207 million -- a negative 16.4% operating margin -- which was worse than the negative 8.3% margin it posted in the first quarter of 2023.
     
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