OverviewSuggest Edit

Spirit Airlines is the ultra-low cost airline of the Americas. Its fares are unbundled; they simply reflect the cost of taking customers to their destination without any extras. Every customer gets Frill Control: the ability to choose what perks and options they’d like to add to the Bare Fare, independent of the choices of other passengers. Structuring fares this way allows every passenger a chance to fly for less than any other airline. Spirit’s Fit Fleet is one of the youngest flying and one of the most fuel-efficient in the industry. This innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. The Company currently operates within the U.S., Latin America, Caribbean and Canada.
TypePublic
Founded1980
HQMiramar, FL, US
Websitespirit.com
Employee Ratings3.9
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)8,938(+16%)
Job Openings10
Revenue (FY, 2020)$1.8 B(-52%)
Share Price (Sept 2021)$26.3(+5%)
Cybersecurity ratingBMore

Spirit Airlines Office Locations

Spirit Airlines has an office in Miramar
Miramar, FL, US (HQ)
2800 Executive Way
Show all (1)

Spirit Airlines Financials and Metrics

Spirit Airlines Revenue

Spirit Airlines's revenue was reported to be $1.81 b in FY, 2020
USD

Revenue (FY, 2020)

1.8b

Net income (FY, 2020)

(428.7m)

EBIT (FY, 2020)

(507.8m)

Market capitalization (23-Sept-2021)

2.7b

Closing stock price (23-Sept-2021)

26.3

Cash (31-Dec-2020)

1.8b

EV

5.8b
Spirit Airlines's current market capitalization is $2.7 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.1b1.3b1.7b1.9b2.1b2.3b2.6b3.3b3.8b1.8b

Revenue growth, %

17%11%8%

Sales and marketing expense

51.3m56.7m67.5m74.8m86.6m96.6m113.6m137.0m153.8m85.1m

Operating expense total

54.5m184.6m212.1m224.5m293.4m363.8m461.4m516.5m645.2m440.2m
USDQ2, 2011

Financial Leverage

1.7 x
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Spirit Airlines Operating Metrics

Spirit Airlines's Daily Flights was reported to be 420 in FY, 2016.
FY, 2013FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Daily Flights

250300385420

Destinations

50565659

Passenger Load Factor

86.6%86.7%84.9%86%85.4%84.7%84.7%86.4%85.8%84.7%81.6%85.3%

Passengers

12.41 m14.29 m3.98 m4.51 m4.78 m17.92 m4.99 m5.61 m5.67 m21.62 m5.57 m6.21 m
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Spirit Airlines Revenue Breakdown

Embed Graph

Spirit Airlines revenue breakdown by business segment: 8.0% from Department of Transportation—Latin America and 92.0% from Department of Transportation—Domestic

Spirit Airlines Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Spirit Airlines Online and Social Media Presence

Embed Graph

Spirit Airlines Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    B

    72/100

  • Compensation

    C+

    65/100

  • Diversity

    D

    56/100

Learn more on Comparably

Spirit Airlines News and Updates

Spirit Airlines says operational meltdown cost it about $50 million, cuts third-quarter schedule

Spirit Airlines says its massive flight cancellations over the past few weeks cost it about $50 million.

'We just couldn't get in front of it.' Spirit Airlines CEO explains the carrier's meltdown this week

Spirit Airlines CEO says the company expects to "turn a corner" after hundreds of cancellations.

Spirit Airlines cancels nearly half of Thursday flights as travel chaos enters fifth day

Spirit has canceled more than 1,700 flights since last weekend due to staffing shortages, technology problems and bad weather.

Spirit Airlines cancels 60% of flights to 'reboot' after meltdown, vows to learn from disruptions

Spirit Airlines canceled or delayed more than half of its flights as disruptions continued for a fourth day.

Is my Spirit Airlines flight canceled? Here’s the latest on the cancellation crisis

Over 400 flights have been canceled or delayed since Sunday. Spirit says the reason is ‘operational challenges.’ If you’ve been a traveler on Spirit Airlines over the past few days, things have likely been rough for you. That’s because the airline has delayed or canceled hundreds of flights, leaving…
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Spirit Airlines Frequently Asked Questions

  • When was Spirit Airlines founded?

    Spirit Airlines was founded in 1980.

  • How many employees does Spirit Airlines have?

    Spirit Airlines has 8,938 employees.

  • What is Spirit Airlines revenue?

    Latest Spirit Airlines annual revenue is $1.8 b.

  • What is Spirit Airlines revenue per employee?

    Latest Spirit Airlines revenue per employee is $202.5 k.

  • Who are Spirit Airlines competitors?

    Competitors of Spirit Airlines include Allegiant Travel, WestJet and Delta Air Lines.

  • Where is Spirit Airlines headquarters?

    Spirit Airlines headquarters is located at 2800 Executive Way, Miramar.

  • Where are Spirit Airlines offices?

    Spirit Airlines has an office in Miramar.

  • How many offices does Spirit Airlines have?

    Spirit Airlines has 1 office.