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)+19%
Spirit Airlines was founded in 1980 and is headquartered in Miramar, US

Spirit Airlines Office Locations

Spirit Airlines has office in Miramar
Miramar, US

Spirit Airlines Metrics

Spirit Airlines Summary

Market capitalization

$3.6 b

Closing share price

$51.1
Spirit Airlines's current market capitalization is $3.6 b.

Spirit Airlines Financials

Spirit Airlines's revenue is $1.7 b in FY, 2013 which is a 14.4% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$1.7 b$1.9 b$2.1 b$2.3 b

Revenue growth, %

16.8%10.9%8.4%

Operating expense total

$1.6 b$1.6 b

EBIT

$282.3 m$355.3 m$509.1 m

Net Income

$176.9 m$225.5 m$317.2 m$264.9 m

Operating cash flow

$113.8 m$102.2 m$170.8 m

Spirit Airlines Operating Metrics

Y, 2013Y, 2014Y, 2015Y, 2016

Cost per Available Seat Mile

$1$1$0.8$0.7

Revenue Passenger Miles

12 b14.2 b18 b21.6 b

Daily Flights

250300385420

Passenger Load Factor

86.6%86.7%84.7%84.7%

Destinations

50565659

Block Hours

231.1 k267.3 k338 k389.9 k

Aircraft Fleet

54657995

Revenue per Available Seat Mile

$0.10.1$0.1$0.9

Available Seat Miles

13.9 b16.3 b21.2 b25.5 b

Spirit Airlines Market Value History

Spirit Airlines Online Presence

Spirit Airlines News

Spirit Airlines Company Life

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