Can Spirit Airlines Stock Reach $10 by 2030?
The Motley Fool • 595 days
Low Materiality0/10
Information
Spirit's revenue is falling, and its operating losses continue. The company's massive debt burden cr...
Original sourceAI Summary
- Spirit Airlines saw its share prices surge 400% before plunging 96% since December 2014. - Recent challenges include failed merger with JetBlue, operating losses, massive debt, and revenue declines. - The stock is currently trading at a historically low price-to-sales ratio of 0.076. - Management is making cost cuts and negotiating debt with creditors to stabilize the business. - Analyst advice: Investors should be cautious due to monumental struggles and lack of competitive advantages. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Industry News
Market-Moving
- Spirit Airlines saw its share prices surge 400% before plunging 96% since December 2014.
- Recent challenges include failed merger with JetBlue, operating losses, massive debt, and revenue declines.
- The stock is currently trading at a historically low price-to-sales ratio of 0.076.
Key Facts
- Spirit Airlines saw its share prices surge 400% before plunging 96% since December 2014.
- Recent challenges include failed merger with JetBlue, operating losses, massive debt, and revenue declines.
- The stock is currently trading at a historically low price-to-sales ratio of 0.076.
- Management is making cost cuts and negotiating debt with creditors to stabilize the business.
- Analyst advice: Investors should be cautious due to monumental struggles and lack of competitive advantages.