By the end of 2019, it was trading for around $40. However, earnings growth has been hard to come by since 2015, and margin pressures have offset its continued revenue growth.Īs a result, Spirit Airlines stock lost half of its value in the five years after its late-2014 peak. Spirit Airlines stock surged from an IPO price of $12 in 2011 to a peak near $85 in late 2014. Initially, this rapid expansion paid off handsomely for shareholders. Its expansion has played a big part in keeping average domestic airfares virtually flat since the beginning of 2011 (and down significantly after adjusting for inflation). Spirit's fleet recently surpassed 150 jets, making it the biggest ultra-low-cost carrier in the United States. Follow him on Twitter for the latest news and commentary on the airline industry! Follow the past decade, Spirit Airlines ( NYSE:SAVE) has grown from a niche carrier with just 30 aircraft into a major competitive force. He primarily covers airline, auto, retail, and tech stocks. He is an avid stock-market watcher and a value investor at heart. No cash balance or cash flow is included in the calculation.Adam Levine-Weinberg is a senior Industrials/Consumer Goods specialist with The Motley Fool. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Popular Airline Stocks | Top Airline Companies Today - TipRanksĭisclaimer: The TipRanks Smart Score performance is based on backtested results.