Spirit Airlines and JetBlue Offer: No Soft Landing Here (NYSE: SAVE)

Alvarez

As early as March 7, 2023, I wrote about Spirit Airlines, Inc. (NYSE:IMPOSE) and JetBlue Airways Corporation (BLUE) trade. At the time, I was of the opinion that: 1) the likely failure of the trade was factored in; 2) There weren’t many cons

IMPOSE

ALGT

BLUE

SKYW

UP

ULCC

Non-GAAP P/E (FY1)

NM

11.57

NM

99.69

NM

NM

Non-GAAP P/E (FY2)

-5.13

12.42

-9.15

8.81

-0.29

54.63

Non-GAAP P/E (FY3)

-130.38

7.03

28.51

7.22

-0.70

7.24

Non-GAAP P/E (TTM)

NM

7.72

NM

NM

NM

NM

GAAP P/E (FWD)

NM

13.34

NM

86.61

NM

NM

GAAP P/E (TTM)

NM

8.82

NM

NM

NM

16.86

PEG Non-GAAP (FWD)

0.15

1.64

GAAP PEG (TTM)

NM

NM

Price/Sales (TTM)

0.31

0.59

0.19

0.80

0.04

0.31

EV/Sales (FWD)

1.38

1.18

0.54

1.48

0.87

1.06

EV/Sales (TTM)

1.35

1.17

0.53

1.52

0.92

1.06

EV/EBITDA (FWD)

28.05

6.20

7.91

8.53

NM

6.81

EV/EBITDA (TTM)

153.59

6.14

7.78

10.24

NM

NM

Price per reservation (TTM)

1.27

1.10

0.55

0.95

2.02

2.08

Price to cash flow (TTM)

NM

3.28

3.46

3.12

NM

NM