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 Metrics

Spirit Airlines Financial Metrics

Revenue (2016)

$2.3 b

Revenue growth (2015-16), %


Net income (2016)

$264.9 m

Market capitalization (21-Mar-2017)

$3.6 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$700.9 m
Spirit Airlines's current market capitalization is $3.6 b.
Spirit Airlines's revenue was reported to be $2.3 b in FY, 2016 which is a 8.4% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


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

Revenue growth, %


Operating expense total

$1.4 b$1.6 b$1.6 b$1.9 b


$282.3 m$355.3 m$509.1 m$443.7 m

EBIT margin, %


Interest expense

$214 k$2.7 m$20.4 m$41.7 m

Interest income

$401 k$336 k$2.1 m$5.3 m

Pre tax profit

$282.4 m$353 m$502.4 m$419.5 m

Income tax expense

$105.5 m$127.5 m$185.2 m$154.6 m

Net Income

$176.9 m$225.5 m$317.2 m$264.9 m
FY, 2013FY, 2014FY, 2015FY, 2016


$530.6 m$632.8 m$803.6 m$700.9 m

Accounts Receivable

$23.2 m$22.7 m$28.3 m$41.1 m


$66 m$48.7 m$46.6 m

Current Assets

$649.1 m$731.1 m$1 b$975.8 m

Total Assets

$1.2 b$1.6 b$2.5 b$3.2 b

Accounts Payable

$23.1 m$13.4 m$17 m$15.2 m

Current Liabilities

$336 m$365.6 m$466.2 m$532 m

Additional Paid-in Capital

$515.3 m$526.2 m$544.3 m$551 m

Retained Earnings

$256.1 m$481.5 m$798.8 m$1.1 b

Total Equity

$1.2 b$1.4 b

Financial Leverage

2.1 x2.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

$31.9 m$47 m$73.9 m$101.1 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 m$260.5 m$473 m$473.7 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)

Interest Paid

$29 k$7.1 m$40 m

Income Taxes Paid

$85.7 m$89.1 m$95.9 m($5.6 m)

Spirit Airlines Operating Metrics

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

Aircraft Fleet


Revenue Passenger Miles

12 b14.16 b18 b21.58 b

Revenue per Available Seat Mile


Daily Flights


Block Hours

231.15 k267.31 k337.96 k389.91 k



Cost per Available Seat Mile


Available Seat Miles

13.86 b16.34 b21.25 b25.49 b

Passenger Load Factor


Spirit Airlines Market Value History

Spirit Airlines Median Salaries

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

Spirit Airlines Online Presence

Spirit Airlines News

Spirit Airlines Company Life

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