Spirit Airlines Overview

  • Year Founded
  • 1964

Year Founded

  • Status
  • Public

  • Employees
  • 13,167

Employees

  • Stock Symbol
  • SAVE

Stock Symbol

  • Share Price
  • $3.72
  • (As of Tuesday Closing)

Spirit Airlines General Information

Description

Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.

Contact Information

Website
www.spirit.com
Formerly Known As
Charter One, Clipper Trucking Company, Ground Air Transfer, Inc.
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Air
Stock Exchange
NYS
Corporate Office
  • 2800 Executive Way
  • Miramar, FL 33025
  • United States
+1 (866) 000-0000

Spirit Airlines Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Spirit Airlines Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$3.72 $3.73 $3.18 - $19.69 $407M 110M 6.9M -$4.44

Spirit Airlines Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 6,482,814 7,483,999 6,375,449 5,707,897
Revenue 5,278,312 5,362,549 5,068,447 3,230,775
EBITDA (189,811) (180,647) (307,011) (107,395)
Net Income (486,188) (447,464) (554,150) (472,569)
Total Assets 9,526,495 9,417,237 9,184,774 8,540,025
Total Debt 7,183,074 6,930,652 6,213,247 5,117,802
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Spirit Airlines Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Spirit Airlines‘s full profile, request access.

Request a free trial

Spirit Airlines Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers c
Air
Miramar, FL
13,167 As of 2023
00.000
00.00 0000-00-00
000000&0

000000

eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim ven
000
Denver, CO
0000 As of 0000
00000
00.000 0000-00-00
00000000 00000

000000

r adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna al
000
Swords, Ireland
00000 As of 0000
00000
000000000 00000
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Spirit Airlines Competitors (14)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Frontier Airlines Formerly PE-Backed Denver, CO 0000 00000 00000000 00000
Ryanair Formerly PE-Backed Swords, Ireland 00000 00000 000000000 00000
Southwest Airlines Corporation Dallas, TX 00000 00.00 000000000 00 00.00
Skywest Corporation Saint George, UT 00000 00000000000
Gojet Airlines Corporation Bridgeton, MO 000
You’re viewing 5 of 14 competitors. Get the full list »

Spirit Airlines Executive Team (19)

Name Title Board Seat Contact Info
Edward Christie III Chief Executive Officer & Board Member
Scott Haralson Chief Financial Officer, Finance & Executive Vice President
John Bendoraitis Chief Operating Officer, Operations & Executive Vice President
Brian McMenamy Chief Accounting Officer, Accounting & Controller, Finance
Linde Grindle Chief Human Resources Officer
You’re viewing 5 of 19 executive team members. Get the full list »

Spirit Airlines Board Members (13)

Name Representing Role Since
0000000 00000 000 Spirit Airlines Board Member 000 0000
000000000 00000000 Spirit Airlines Board Member 000 0000
000000 00000000 00 Spirit Airlines Chief Executive Officer & Board Member 000 0000
0. 0000000 Spirit Airlines Chairman & Board Member 000 0000
0000 000000000 Self Board Member 000 0000
You’re viewing 5 of 13 board members. Get the full list »

Spirit Airlines Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Spirit Airlines Subsidiaries (2)

Company Name Industry Location Founded
Spirit Airlines (Operations At LaGuardia Airport) Air New York, NY
Spirit Airlines (Boston and Newark Liberty Airports Assets) Buildings and Property
To view Spirit Airlines’s complete subsidiaries history, request access »

Spirit Airlines ESG

Risk Overview

Risk Rating

Updated March, 01, 2024

34.19 | High Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,421

Rank

00.00

Percentile

Transportation

Industry

00 of 414

Rank

00.00

Percentile

Airlines

Subindustry

00 of 72

Rank

00.00

Percentile

To view Spirit Airlines’s complete esg history, request access »

Spirit Airlines FAQs

  • When was Spirit Airlines founded?

    Spirit Airlines was founded in 1964.

  • Who is the CEO of Spirit Airlines?

    Edward Christie III is the CEO of Spirit Airlines.

  • Where is Spirit Airlines headquartered?

    Spirit Airlines is headquartered in Miramar, FL.

  • What is the size of Spirit Airlines?

    Spirit Airlines has 13,167 total employees.

  • What industry is Spirit Airlines in?

    Spirit Airlines’s primary industry is Air.

  • Is Spirit Airlines a private or public company?

    Spirit Airlines is a Public company.

  • What is Spirit Airlines’s stock symbol?

    The ticker symbol for Spirit Airlines is SAVE.

  • What is the current stock price of Spirit Airlines?

    As of 28-May-2024 the stock price of Spirit Airlines is $3.72.

  • What is the current market cap of Spirit Airlines?

    The current market capitalization of Spirit Airlines is $407M.

  • What is Spirit Airlines’s current revenue?

    The trailing twelve month revenue for Spirit Airlines is $5.28B.

  • Who are Spirit Airlines’s competitors?

    Frontier Airlines, Ryanair, Southwest Airlines, Skywest, and Gojet Airlines are some of the 14 competitors of Spirit Airlines.

  • What is Spirit Airlines’s annual earnings per share (EPS)?

    Spirit Airlines’s EPS for 12 months was -$4.44.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »
  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »