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)
Type
Public
HQ
Miramar, US
Founded
1980
Size (employees)
5,742 (est)
Website
spirit.com
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 $591.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

591.7 m

Net income (Q1, 2017)

31.9 m

EBIT (Q1, 2017)

59.4 m

Market capitalization (21-Sep-2017)

2.4 b

Cash (31-Dec-2016)

700.9 m
Spirit Airlines's current market capitalization is $2.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.7 b1.9 b2.1 b2.3 b

Revenue growth, %

17%11%8%

EBIT

282.3 m355.3 m509.1 m443.7 m

EBIT margin, %

17%18%24%19%
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

EBIT

122.3 m157.2 m101.3 m121.8 m135.2 m59.4 m

EBIT margin, %

22%27%19%21%22%10%

Interest income

177 k233 k1.6 m1.4 m1.2 m1.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

530.6 m632.8 m803.6 m700.9 m

Accounts Receivable

23.2 m22.7 m28.3 m41.1 m

Inventories

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, 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 m

Accounts Payable

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

Revenue/Employee

103.1 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

$0.1$0.1$0.08$0.08$0.07$0.08$0.07$0.07$0.07$0.07$0.08$0.08

Revenue per Available Seat Mile

$0.12$0.12$0.1$0.11$0.1$0.1$0.09$0.09$0.1$0.09$0.09$0.1

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

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

Traffic Overview of Spirit Airlines

Spirit Airlines Online and Social Media Presence

Spirit Airlines News and Updates

There’s a behavioral phenomenon that explains the outbreak of plane rage

Consider this series of events which took place in the month after a video of a man being dragged off of a United Airlines flight…

The Spirit Airlines brawl is a frightening new low in US air travel

Angry passengers in Fort Lauderdale, Florida’s airport violently clashed with Spirit Airlines employees and law-enforcement officers the evening of May 8, after the low-cost carrier…

A United worker threatened to cancel a customer's trip for recording an altercation — and it touches on a looming threat for airlines (UAL)

A United agent was caught on camera threatening to cancel a customer's reservation for using his phone to record a dispute. Navang Oza posted a video of the incident on Twitter on Monday, and it has since been retweeted nearly 5,000 times. NBC Bay Area first reported the sto…

Angry customers clash with Spirit Airlines employees after mass flight cancellations (SAVE)

Chaos ensued at Fort Lauderdale airport due to mass flight cancellations by Spirit Airlines. Video footage surfaced late Monday showing physical altercations between police officers and customers. The officers were called on scene when passengers became irate with Spirit Ai…

I've been flying for 40 years — and it's always been a terrible experience (UAL)

I took my first commercial flight a bit later than a lot of folks nowadays — I think I was about 13 — but since then I've flown on everything from Boeing 747s in South Africa to twin-prop Cessna puddle jumpers between Hyannis and Nantucket. I've crossed the Pacific and the A…

Ultra-cheap, perk-free “basic economy” fares are here

United Airlines and American Airlines started selling seats today for their least-sexy class of service. Basic economy is large airlines’ version of the type of…
Show more

Spirit Airlines Company Life and Culture

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