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.

Miramar, US
Size (employees)
6,795 (est)+19%
Spirit Airlines was founded in 1980 and is headquartered in Miramar, US
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Spirit Airlines Office Locations

Spirit Airlines has an office in Miramar
Miramar, US (HQ)
2800 Executive Way
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Spirit Airlines Financials and Metrics

Spirit Airlines Financials

Spirit Airlines's revenue was reported to be $2.32 b in FY, 2016 which is a 8.4% increase from the previous period.

Revenue (Q1, 2018)

704.1 m

Net income (Q1, 2018)

(44.9 m)

EBIT (Q1, 2018)

(38.8 m)

Market capitalization (23-May-2018)

2.5 b

Closing share price (23-May-2018)


Cash (31-Mar-2018)

898.5 m


1.7 b
Spirit Airlines's current market capitalization is $2.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


1.7 b1.9 b2.1 b2.3 b

Revenue growth, %



282.3 m355.3 m509.1 m443.7 m

EBIT margin, %

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018


553.4 m574.8 m538.1 m584.1 m621.3 m591.7 m701.7 m687.2 m704.1 m

Operating expense total

431.1 m417.6 m436.8 m462.3 m486.1 m532.3 m568.9 m583.1 m742.9 m

Depreciation and amortization

39.4 m


122.3 m157.2 m101.3 m121.8 m135.2 m59.4 m132.7 m104.1 m(38.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016


530.6 m632.8 m803.6 m700.9 m

Accounts Receivable

23.2 m22.7 m28.3 m41.1 m


66 m48.7 m46.6 m

Current Assets

649.1 m731.1 m1 b975.8 m
USDQ1, 2018


898.5 m

Accounts Receivable

52.3 m

Current Assets

1.3 b

Total Assets

4.7 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

176.9 m225.5 m317.2 m264.9 m

Depreciation and Amortization

31.9 m47 m73.9 m101.1 m

Accounts Payable

(1.7 m)(10 m)2.7 m(6.8 m)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

76.7 m97.1 m61.9 m73.1 m81.4 m31.9 m

Depreciation and Amortization

17.1 m19.6 m23.1 m25 m25.3 m31.5 m

Accounts Payable

21.8 m15.8 m23 m27.7 m29.9 m39.6 m33.2 m31 m
USDY, 2018


-44.4 x

Financial Leverage

2.7 x
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Spirit Airlines News and Updates

Spirit Airlines Names Next CEO and 7 Other Aviation Trends This Week

This week in aviation, Spirit named its next CEO. We also took a long look at the business of airport lounges and wondered why American still uses paper vouchers for free flights. -Sarah Enelow

Spirit Airlines Names Next CEO as It Tries to Fix Old Problems

The last time Spirit Airlines replaced its CEO, it bungled the public messaging. It's not letting that happen this time. Investors are getting more than one year of advance warning. -Brian Sumers

Fast-Growing Spirit Airlines Will Slow Its Expansion by 2019

More than perhaps any airline, Spirit is responsible for cheap fares offered not only by discount carriers, but also by legacy airlines, who are compelled to match prices. Deal-seeking customers should hope Spirit continues to grow quickly. -Brian Sumers
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