Spirit Airlines

Spirit Airlines (NASDAQ: SAVE) is the ultra-low cost airline of the Americas and Home of the Bare Fare. Spirit’s 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 is 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. Spirit currently operates within the U.S., Latin America, Caribbean and Canada.

Company Growth (employees)
Miramar, US
Size (employees)
5,742 (est)+19%
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 Data and Metrics

Spirit Airlines Financial Metrics

Spirit Airlines's revenue was reported to be $2.3 b in FY, 2016 which is a 8% increase from the previous period.

Revenue (FY, 2016)

2.3 b

Revenue growth (FY, 2015 - FY, 2016), %


Net income (FY, 2016)

264.9 m

EBIT (FY, 2016)

443.7 m

Market capitalization (21-Jul-2017)

3.5 b

Cash (31-Dec-2016)

700.9 m
Spirit Airlines's current market capitalization is $3.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


1.7 b1.9 b2.1 b2.3 b

Revenue growth, %


Operating expense total

1.4 b1.6 b1.6 b1.9 b


282.3 m355.3 m509.1 m443.7 m

EBIT margin, %


Interest expense

214 k2.7 m20.4 m41.7 m

Interest income

401 k336 k2.1 m5.3 m

Pre tax profit

282.4 m353 m502.4 m419.5 m

Income tax expense

105.5 m127.5 m185.2 m154.6 m

Net Income

176.9 m225.5 m317.2 m264.9 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

Total Assets

1.2 b1.6 b2.5 b3.2 b

Accounts Payable

23.1 m13.4 m17 m15.2 m

Current Liabilities

336 m365.6 m466.2 m532 m

Additional Paid-in Capital

515.3 m526.2 m544.3 m551 m

Retained Earnings

256.1 m481.5 m798.8 m1.1 b

Total Equity

1.2 b1.4 b

Financial Leverage

2.1 x2.3 x
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)

Cash From Operating Activities

195.4 m260.5 m473 m473.7 m

Purchases of PP&E

(19.8 m)(186.6 m)(548.8 m)(541.1 m)

Cash From Investing Activities

(90.1 m)(302.4 m)(701.3 m)(826.3 m)

Cash From Financing Activities

8.5 m144 m399.1 m249.9 m

Interest Paid

29 k7.1 m40 m

Income Taxes Paid

85.7 m89.1 m95.9 m(5.6 m)
USDY, 2016


479.1 k

Financial Leverage

2.3 x

Spirit Airlines Operating Metrics

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

Revenue per Available Seat Mile


Cost per Available Seat Mile


Block Hours

231.15 k267.31 k337.96 k389.91 k

Available Seat Miles

13.86 b16.34 b21.25 b25.49 b

Passenger Load Factor


Revenue Passenger Miles

12 b14.16 b18 b21.58 b

Aircraft Fleet




Daily Flights


Spirit Airlines Market Value History

Spirit Airlines Median Salaries

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

Spirit Airlines Online and Social Media Presence

Spirit Airlines News and Updates

Spirit Airlines Company Life and Culture

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