Spirit Airlines (NYSE: SAVE) has been one of the most successful low-cost airlines in the United States. The company has a strong track record of profitability and has consistently outperformed its peers. In recent years, Spirit Airlines has been expanding its network and adding new routes. This has helped to drive growth in the company’s revenue and earnings.
Spirit Airlines Share Price History
The following table shows the Spirit Airlines share price history from 2018 to 2022:
| Date | Share Price |
|---|---|
| December 31, 2018 | $45.01 |
| December 31, 2019 | $52.36 |
| December 31, 2020 | $25.07 |
| December 31, 2021 | $34.29 |
| December 31, 2022 | $28.36 |
As you can see from the table, the Spirit Airlines share price has been volatile in recent years. The share price reached a high of $52.36 in December 2019, but it fell sharply in 2020 due to the COVID-19 pandemic. The share price has since recovered, but it is still below its pre-pandemic high.
Factors Affecting the Spirit Airlines Share Price
There are a number of factors that affect the Spirit Airlines share price. These factors include:
- The overall health of the economy
- The price of oil
- Competition from other airlines
- Government regulations
Spirit Airlines Share Price Forecast
Analysts are generally bullish on the Spirit Airlines share price. The consensus forecast is for the share price to reach $35.00 by the end of 2023. This represents a potential upside of 23.4% from the current share price.
The following table shows the Spirit Airlines share price forecast from 2023 to 2025:
| Year | Share Price |
|---|---|
| 2023 | $35.00 |
| 2024 | $38.00 |
| 2025 | $42.00 |
Risks to the Spirit Airlines Share Price Forecast
There are a number of risks to the Spirit Airlines share price forecast. These risks include:
- A recession
- A sharp increase in the price of oil
- Increased competition from other airlines
- New government regulations
Conclusion
The Spirit Airlines share price is expected to rise in the coming years. However, there are a number of risks that could affect the share price. Investors should be aware of these risks before investing in Spirit Airlines.
FAQs
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What is the current Spirit Airlines share price?
The current Spirit Airlines share price is $28.36. -
What is the consensus forecast for the Spirit Airlines share price?
The consensus forecast for the Spirit Airlines share price is $35.00 by the end of 2023. -
What are the risks to the Spirit Airlines share price forecast?
The risks to the Spirit Airlines share price forecast include a recession, a sharp increase in the price of oil, increased competition from other airlines, and new government regulations.
