Spirit Airlines, Inc. provides low-fare airline services. As of early 2017, it operated approximately 420 daily flights to 59 destinations in the United States, the Caribbean, and Latin America. It offers tickets through its call centers, airport ticket counters, on line through www.spirit.com and through various third parties. The latter include the on-line travel agents and global electronic distribution systems. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Sales and shares prices have grown steadily. Spirit Airlines’ sales are highly correlated with economic indicators such as employment, personal consumption, and GDP. As the economy further develops, SAVE is likely to see an increase in sales.
SalesForekast™ projects Spirit Airlines to grow at a rate slightly lower than the best-fit line, but continue on a growth trend. Growth will likely depend on Spirit Airlines’s continuing their growth strategy by offering low-fare services.
The recent point of concern has been the contentious ongoing labor negotiations with the company's pilots. This has recently hurt the company’s stock price.
Note: SalesForekast™ allows you to change the projected growth rate of macroeconomic indicators. This feature enables the testing of market sensitivities and can help determine how they shape company forecasts.