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Spirit Airlines Inc (SAVE) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Spirit Airlines Inc (SAVE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Spirit Airlines Inc is an airline company. The company provides air transportation for passengers. It's all all-Airbus fleet operates more than 385 daily flights to over 56 destinations in the United States, Caribbean and Latin America. Spirit Airlines Inc has a market cap of $4.15 billion; its shares were traded at around $60.83 with a P/E ratio of 26.90 and P/S ratio of 1.26. Spirit Airlines Inc had annual average EBITDA growth of 11.00% over the past ten years.


For the last quarter Spirit Airlines Inc reported a revenue of $862.8 million, compared with the revenue of $670.3 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $3.3 billion, an increase of 25.5% from last year. For the last five years Spirit Airlines Inc had an average revenue growth rate of 13.8% a year.

The reported diluted earnings per share was $2.28 for the year, a decline of 62.4% from the previous year. Over the last five years Spirit Airlines Inc had an EPS growth rate of 4.6% a year. The Spirit Airlines Inc had a decent operating margin of 13.52%, compared with the operating margin of 15.32% a year before. The 10-year historical median operating margin of Spirit Airlines Inc is 16.22%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Spirit Airlines Inc has the cash and cash equivalents of $1 billion, compared with $800.8 million in the previous year. The long term debt was $2 billion, compared with $1.4 billion in the previous year. The interest coverage to the debt is 6.1. Spirit Airlines Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $60.83, Spirit Airlines Inc is traded at close to its historical median P/S valuation band of $66.52. The P/S ratio of the stock is 1.26, while the historical median P/S ratio is 1.37. The stock gained 54.47% during the past 12 months.

For the complete 20-year historical financial data of SAVE, click here.

This article first appeared on GuruFocus.