Spirit Airlines

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.

Company Growth (employees)
Miramar, US
Size (employees)
5,742 (est)
Spirit Airlines was founded in 1980 and is headquartered in Miramar, US

Spirit Airlines Office Locations

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

Spirit Airlines Financials and Metrics

Spirit Airlines Financials

Spirit Airlines's revenue was reported to be $2.3 b in FY, 2016

Revenue (Q3, 2017)

687.2 m

Net income (Q3, 2017)

60.2 m

EBIT (Q3, 2017)

104.1 m

Market capitalization (13-Dec-2017)

3 b

Cash (31-Dec-2016)

700.9 m
Spirit Airlines's current market capitalization is $3 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, 2017


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

Operating expense total

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


122.3 m157.2 m101.3 m121.8 m135.2 m59.4 m132.7 m104.1 m

EBIT margin, %

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
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 Receivable

(461 k)606 k(5.6 m)(13 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 Receivable

30.9 m33.1 m32.5 m40.7 m35.9 m48.7 m48 m46.2 m

Accounts Payable

21.8 m15.8 m23 m27.7 m29.9 m39.6 m33.2 m31 m
USDY, 2017


119.7 k
Show all financial metrics

Spirit Airlines Operating Metrics

Spirit Airlines's Daily Flights was reported to be 420 in FY, 2016, which is a 9% increase from the previous period
FY, 2013FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Cost per Available Seat Mile


Revenue per Available Seat Mile


Block Hours

231.15 k267.31 k77.04 k83.86 k88.05 k337.96 k93.55 k98.4 k98.59 k389.91 k104.04 k109.3 k

Passenger Load Factor

Show all operating metrics

Spirit Airlines Market Value History

Spirit Airlines Revenue Breakdown

Spirit Airlines Median Salaries

Source: 29 public H-1B filings from Spirit Airlines

Spirit Airlines's Web-traffic and Trends

Spirit Airlines Online and Social Media Presence

Spirit Airlines News and Updates

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

Spirit Airlines Company Life and Culture

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