Spirit Airlines Key Executives
This section highlights Spirit Airlines's key executives, including their titles and compensation details.
Find Contacts at Spirit Airlines
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Spirit Airlines Earnings
This section highlights Spirit Airlines's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Date:
Time:
Est. EPS:
$-
Status:
Unconfirmed
Last Earnings Results
Date:
November 21, 2024
EPS:
$-1.37
Est. EPS:
$-2.27
Revenue:
$-
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q2 | 2024 | 2024-08-01 | $-1.30 | $-1.44 |
| Read Transcript | Q1 | 2024 | 2024-05-06 | $-1.43 | $-1.46 |
| Read Transcript | Q4 | 2023 | 2024-02-08 | $-1.41 | $-1.36 |
| Read Transcript | Q2 | 2023 | 2023-08-03 | $0.38 | $0.29 |
| Read Transcript | Q1 | 2023 | 2023-04-27 | N/A | N/A |
Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Industrials
Airlines, Airports & Air Services
$1.08
Stock Price
$118.28M
Market Cap
11.94K
Employees
Miramar, FL
Location
Financial Statements
Access annual & quarterly financial statements for Spirit Airlines, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $5.36B | $5.07B | $3.23B | $1.81B | $3.83B |
| Cost of Revenue | $4.77B | $4.31B | $3.00B | $2.18B | $2.82B |
| Gross Profit | $590.87M | $756.65M | $232.06M | $-368.01M | $1.01B |
| Gross Profit Ratio | 11.00% | 14.93% | 7.20% | -20.33% | 26.38% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $190.89M | $177.56M | $132.50M | $85.06M | $153.77M |
| Selling General and Administrative Expenses | $190.89M | $177.56M | $132.50M | $85.06M | $153.77M |
| Other Expenses | $895.74M | $-4.82M | $-577.00K | $-211.00K | $-875.00K |
| Operating Expenses | $1.33B | $888.77M | $663.33M | $440.25M | $645.20M |
| Cost and Expenses | $5.86B | $5.20B | $3.66B | $2.62B | $3.31B |
| Interest Income | $61.65M | $20.15M | $5.37M | $6.31M | $25.13M |
| Interest Expense | $122.50M | $100.79M | $121.09M | $118.53M | $88.88M |
| Depreciation and Amortization | $320.87M | $313.09M | $297.21M | $278.59M | $225.26M |
| EBITDA | $-101.89M | $-270.56M | $-86.50M | $-223.07M | $750.57M |
| EBITDA Ratio | -1.90% | 3.55% | -4.48% | -28.93% | 20.07% |
| Operating Income | $-495.76M | $-598.92M | $-56.87M | $-507.76M | $501.05M |
| Operating Income Ratio | -9.24% | -11.82% | -1.76% | -28.05% | 13.08% |
| Total Other Income Expenses Net | $-62.84M | $-101.82M | $-463.45M | $-112.42M | $-64.62M |
| Income Before Tax | $-558.60M | $-700.74M | $-520.32M | $-620.18M | $436.43M |
| Income Before Tax Ratio | -10.42% | -13.83% | -16.11% | -34.26% | 11.39% |
| Income Tax Expense | $-111.13M | $-146.59M | $-47.75M | $-191.48M | $101.17M |
| Net Income | $-447.46M | $-554.15M | $-472.57M | $-428.70M | $335.25M |
| Net Income Ratio | -8.34% | -10.93% | -14.63% | -23.68% | 8.75% |
| EPS | $-4.10 | $-5.10 | $-4.50 | $-5.06 | $4.90 |
| EPS Diluted | $-4.10 | $-5.10 | $-4.50 | $-5.06 | $4.89 |
| Weighted Average Shares Outstanding | 109.15M | 108.75M | 105.00M | 84.69M | 68.43M |
| Weighted Average Shares Outstanding Diluted | 109.15M | 108.75M | 105.00M | 84.69M | 68.56M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.27B | $1.32B | $1.26B | $1.43B | $1.35B | $1.39B | $1.34B | $1.37B | $967.32M | $987.56M | $922.63M | $859.31M | $461.28M | $498.49M | $401.92M | $138.53M | $771.08M | $969.82M | $991.97M |
| Cost of Revenue | $1.20B | $1.20B | $1.24B | $1.20B | $1.13B | $1.19B | $1.10B | $1.11B | $1.15B | $945.16M | $851.44M | $796.01M | $731.54M | $619.73M | $552.46M | $548.12M | $411.43M | $666.02M | $681.76M | $680.95M |
| Gross Profit | $76.87M | $69.52M | $80.29M | $54.94M | $297.78M | $157.86M | $288.74M | $228.91M | $216.85M | $22.15M | $136.11M | $126.62M | $127.77M | $-158.45M | $-53.97M | $-146.20M | $-272.90M | $105.06M | $288.06M | $311.02M |
| Gross Profit Ratio | 6.00% | 5.50% | 6.10% | 4.40% | 20.80% | 11.70% | 20.80% | 17.00% | 15.90% | 2.30% | 13.80% | 13.70% | 14.90% | -34.30% | -10.83% | -36.38% | -197.00% | 13.62% | 29.70% | 31.35% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $45.92M | $45.18M | $45.85M | $46.32M | $50.70M | $48.02M | $46.10M | $47.38M | $48.72M | $35.35M | $37.51M | $36.09M | $35.26M | $23.64M | $22.08M | $17.88M | $11.35M | $33.74M | $38.29M | $39.16M |
| Selling General and Administrative Expenses | $45.92M | $45.18M | $45.85M | $46.32M | $50.70M | $48.02M | $46.10M | $47.38M | $48.72M | $35.35M | $37.51M | $36.09M | $35.26M | $23.64M | $22.08M | $17.88M | $11.35M | $33.74M | $38.29M | $39.16M |
| Other Expenses | $183.46M | $66.49M | $-2.11M | $-649.00K | $-766.00K | $-542.00K | $-3.70M | $-402.00K | $-296.00K | $-417.00K | $-125.00K | $-271.00K | $-233.00K | $52.00K | $-87.00K | $-77.00K | $-66.00K | $19.00K | $-276.00K | $-222.00K |
| Operating Expenses | $283.77M | $243.63M | $243.58M | $233.57M | $256.80M | $249.17M | $231.16M | $217.57M | $233.54M | $206.51M | $196.18M | $197.87M | $149.37M | $119.90M | $106.23M | $101.58M | $69.39M | $163.05M | $162.24M | $172.93M |
| Cost and Expenses | $1.43B | $1.44B | $1.49B | $1.44B | $1.39B | $1.44B | $1.33B | $1.33B | $1.38B | $1.15B | $1.05B | $993.88M | $880.91M | $739.63M | $658.68M | $649.70M | $480.82M | $829.07M | $844.00M | $853.88M |
| Interest Income | $12.17M | $13.59M | $7.08M | $19.91M | $30.05M | $15.43M | $2.04M | $15.28M | $5.58M | $467.00K | $324.00K | $306.00K | $373.00K | $4.37M | $318.00K | $454.00K | $1.95M | $3.59M | $4.85M | $6.29M |
| Interest Expense | $48.62M | $40.81M | $29.65M | $29.89M | $30.26M | $39.75M | $28.96M | $23.35M | $23.84M | $27.86M | $26.65M | $27.15M | $31.15M | $36.14M | $40.88M | $26.61M | $21.28M | $17.89M | $11.51M | $19.28M |
| Depreciation and Amortization | $84.49M | $81.35M | $79.54M | $82.80M | $80.54M | $77.99M | $82.25M | $78.18M | $76.47M | $76.19M | $74.94M | $74.26M | $73.70M | $74.31M | $72.13M | $71.35M | $69.11M | $65.99M | $61.91M | $57.71M |
| EBITDA | $-56.52M | $-30.91M | $-110.16M | $-88.17M | $115.95M | $-19.51M | $-215.77M | $53.00M | $33.40M | $-135.23M | $13.59M | $88.29M | $-164.58M | $-23.80M | $-87.55M | $-27.74M | $-119.39M | $8.00M | $191.11M | $195.80M |
| EBITDA Ratio | -4.41% | -1.32% | -6.28% | -6.42% | 10.23% | -0.21% | 9.65% | 7.47% | 4.50% | -11.67% | 1.14% | -0.09% | 5.63% | -44.13% | -18.41% | -44.50% | -197.83% | 1.20% | 18.70% | 20.10% |
| Operating Income | $-152.51M | $-207.34M | $-214.81M | $-188.76M | $20.21M | $-112.39M | $-305.73M | $-36.39M | $-45.33M | $-211.47M | $-61.55M | $13.99M | $93.21M | $-102.53M | $-159.91M | $-99.47M | $-190.38M | $-57.99M | $124.62M | $124.68M |
| Operating Income Ratio | -11.91% | -16.38% | -16.25% | -15.00% | 1.41% | -8.33% | -21.97% | -2.71% | -3.32% | -21.86% | -6.23% | 1.52% | 10.85% | -22.23% | -32.08% | -24.75% | -137.43% | -7.52% | 12.85% | 12.57% |
| Total Other Income Expenses Net | $-37.11M | $50.27M | $-13.46M | $-14.88M | $-5.24M | $-29.25M | $-34.57M | $-12.50M | $-22.18M | $-32.57M | $-30.28M | $-31.00M | $-366.52M | $-35.65M | $-44.62M | $-29.05M | $-22.15M | $-16.60M | $-17.86M | $-15.67M |
| Income Before Tax | $-189.63M | $-157.07M | $-228.27M | $-203.65M | $14.97M | $-141.65M | $-340.30M | $-48.89M | $-67.51M | $-244.04M | $-91.83M | $-17.00M | $-273.31M | $-138.18M | $-204.53M | $-128.52M | $-212.54M | $-74.59M | $106.76M | $109.01M |
| Income Before Tax Ratio | -14.80% | -12.41% | -17.27% | -16.18% | 1.05% | -10.49% | -24.46% | -3.64% | -4.94% | -25.23% | -9.30% | -1.84% | -31.81% | -29.96% | -41.03% | -31.98% | -153.42% | -9.67% | 11.01% | 10.99% |
| Income Tax Expense | $3.30M | $-14.43M | $-44.62M | $-46.09M | $17.32M | $-37.74M | $-69.63M | $-12.52M | $-15.11M | $-49.33M | $-4.67M | $-31.78M | $14.55M | $-25.86M | $-47.23M | $-29.38M | $-68.11M | $-46.77M | $25.55M | $25.55M |
| Net Income | $-192.93M | $-142.63M | $-183.65M | $-157.55M | $-2.35M | $-103.91M | $-270.66M | $-36.38M | $-52.41M | $-194.70M | $-87.16M | $14.77M | $-287.86M | $-112.32M | $-157.30M | $-99.14M | $-144.43M | $-27.83M | $81.21M | $83.46M |
| Net Income Ratio | -15.06% | -11.27% | -13.89% | -12.52% | -0.16% | -7.70% | -19.45% | -2.71% | -3.83% | -20.13% | -8.83% | 1.60% | -33.50% | -24.35% | -31.56% | -24.67% | -104.26% | -3.61% | 8.37% | 8.41% |
| EPS | $-1.76 | $-1.30 | $-1.68 | $-1.44 | $-0.02 | $-0.95 | $-2.49 | $-0.33 | $-0.48 | $-1.79 | $-0.80 | $0.14 | $-2.73 | $-1.15 | $-1.61 | $-1.07 | $-1.81 | $-0.41 | $1.19 | $1.22 |
| EPS Diluted | $-1.76 | $-1.30 | $-1.68 | $-1.44 | $-0.02 | $-0.95 | $-2.49 | $-0.33 | $-0.48 | $-1.79 | $-0.80 | $0.14 | $-2.73 | $-1.15 | $-1.61 | $-1.07 | $-1.81 | $-0.41 | $1.18 | $1.22 |
| Weighted Average Shares Outstanding | 109.51M | 109.43M | 109.17M | 109.16M | 109.16M | 109.11M | 108.87M | 108.85M | 108.70M | 108.58M | 108.34M | 108.40M | 105.26M | 97.67M | 97.68M | 92.65M | 79.60M | 67.87M | 68.45M | 68.44M |
| Weighted Average Shares Outstanding Diluted | 109.51M | 109.43M | 109.17M | 109.16M | 109.16M | 109.11M | 108.87M | 108.85M | 108.70M | 108.58M | 108.41M | 111.03M | 105.26M | 97.78M | 97.68M | 92.73M | 79.60M | 68.52M | 68.55M | 68.55M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $865.21M | $1.35B | $1.33B | $1.79B | $978.96M |
| Short Term Investments | $112.50M | $107.11M | $106.31M | $106.34M | $105.32M |
| Cash and Short Term Investments | $977.71M | $1.45B | $1.44B | $1.90B | $1.08B |
| Net Receivables | $205.47M | $233.54M | $166.72M | $190.40M | $94.82M |
| Inventory | $- | $- | $-37.89M | $-147.46M | $-21.01M |
| Other Current Assets | $328.95M | $306.98M | $235.95M | $269.52M | $101.14M |
| Total Current Assets | $1.51B | $1.99B | $1.84B | $2.36B | $1.39B |
| Property Plant Equipment Net | $7.56B | $6.94B | $6.29B | $5.61B | $5.19B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $107.76M | $226.84M | $375.47M | $439.89M | $469.29M |
| Other Non-Current Assets | $236.48M | $27.32M | $30.13M | $-2.70M | $-3.11M |
| Total Non-Current Assets | $7.91B | $7.19B | $6.70B | $6.04B | $5.66B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $9.42B | $9.18B | $8.54B | $8.40B | $7.04B |
| Account Payables | $42.10M | $75.45M | $44.95M | $28.45M | $43.60M |
| Short Term Debt | $576.56M | $535.18M | $367.58M | $517.99M | $379.51M |
| Tax Payables | $104.45M | $96.42M | $77.41M | $36.88M | $65.31M |
| Deferred Revenue | $383.75M | $429.62M | $382.32M | $401.97M | $315.41M |
| Other Current Liabilities | $564.74M | $459.91M | $403.35M | $356.73M | $308.21M |
| Total Current Liabilities | $1.67B | $1.60B | $1.28B | $1.34B | $1.11B |
| Long Term Debt | $6.35B | $5.66B | $4.73B | $4.32B | $3.18B |
| Deferred Revenue Non-Current | $149.45M | $133.70M | $47.74M | $52.06M | $22.28M |
| Deferred Tax Liabilities Non-Current | $107.76M | $226.84M | $375.47M | $439.89M | $469.29M |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $6.61B | $6.02B | $5.15B | $4.81B | $3.67B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $8.28B | $7.61B | $6.43B | $6.15B | $4.78B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $11.00K | $11.00K | $11.00K | $10.00K | $7.00K |
| Retained Earnings | $56.76M | $504.22M | $1.06B | $1.52B | $1.96B |
| Accumulated Other Comprehensive Income Loss | $-67.00K | $-596.00K | $-532.00K | $-618.00K | $-787.00K |
| Other Total Stockholders Equity | $1.08B | $1.07B | $1.06B | $725.42M | $306.93M |
| Total Stockholders Equity | $1.13B | $1.57B | $2.11B | $2.25B | $2.26B |
| Total Equity | $1.13B | $1.57B | $2.11B | $2.25B | $2.26B |
| Total Liabilities and Stockholders Equity | $9.42B | $9.18B | $8.54B | $8.40B | $7.04B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $9.42B | $9.18B | $8.54B | $8.40B | $7.04B |
| Total Investments | $112.50M | $107.11M | $106.31M | $106.34M | $105.32M |
| Total Debt | $6.93B | $6.21B | $5.12B | $4.90B | $3.58B |
| Net Debt | $6.07B | $4.87B | $3.78B | $3.11B | $2.60B |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $724.79M | $764.79M | $865.21M | $818.32M | $1.11B | $1.29B | $1.35B | $953.43M | $1.20B | $1.25B | $1.33B | $1.53B | $1.86B | $1.77B | $1.79B | $1.95B | $1.13B | $788.23M | $978.96M | $935.68M |
| Short Term Investments | $115.29M | $113.85M | $112.50M | $110.93M | $109.49M | $108.36M | $107.11M | $106.25M | $105.92M | $106.01M | $106.31M | $106.38M | $106.38M | $106.38M | $106.34M | $106.32M | $106.30M | $106.21M | $105.32M | $104.79M |
| Cash and Short Term Investments | $840.08M | $878.64M | $977.71M | $929.26M | $1.22B | $1.40B | $1.45B | $1.06B | $1.30B | $1.35B | $1.44B | $1.64B | $1.97B | $1.88B | $1.90B | $2.05B | $1.23B | $894.43M | $1.08B | $1.04B |
| Net Receivables | $216.65M | $212.47M | $205.47M | $171.51M | $223.00M | $222.33M | $233.54M | $208.57M | $188.04M | $198.56M | $166.72M | $171.55M | $178.97M | $137.84M | $190.40M | $198.14M | $203.00M | $137.49M | $94.82M | $93.06M |
| Inventory | $- | $133.59M | $119.40M | $119.40M | $119.40M | $119.40M | $- | $- | $-37.89M | $1 | $-37.89M | $- | $- | $1 | $- | $- | $- | $- | $1 | $1 |
| Other Current Assets | $368.53M | $527.43M | $538.49M | $348.28M | $329.65M | $180.28M | $306.98M | $282.30M | $270.83M | $276.97M | $235.95M | $216.09M | $239.35M | $257.41M | $269.52M | $247.02M | $231.20M | $106.83M | $101.14M | $136.91M |
| Total Current Assets | $1.43B | $1.49B | $1.51B | $1.45B | $1.77B | $1.92B | $1.99B | $1.55B | $1.76B | $1.83B | $1.84B | $2.03B | $2.39B | $2.28B | $2.36B | $2.50B | $1.67B | $1.23B | $1.39B | $1.40B |
| Property Plant Equipment Net | $7.80B | $7.70B | $7.56B | $7.09B | $6.80B | $6.60B | $6.94B | $6.71B | $6.55B | $6.39B | $6.29B | $6.12B | $5.87B | $5.69B | $5.61B | $5.61B | $5.62B | $5.53B | $5.19B | $4.72B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $96.45M | $92.78M | $1.39B | $160.05M | $205.80M | $189.05M | $1.07B | $297.88M | $310.35M | $325.76M | $375.47M | $380.87M | $412.62M | $398.10M | $- | $486.49M | $517.54M | $505.26M | $- | $446.94M |
| Other Non-Current Assets | $237.46M | $241.94M | $-1.05B | $666.41M | $594.86M | $616.67M | $-814.87M | $126.31M | $97.29M | $70.42M | $30.13M | $11.57M | $-3.38M | $22.29M | $437.19M | $-33.95M | $-41.51M | $-31.49M | $466.18M | $643.00K |
| Total Non-Current Assets | $8.13B | $8.04B | $7.91B | $7.91B | $7.60B | $7.40B | $7.19B | $7.13B | $6.95B | $6.78B | $6.70B | $6.51B | $6.28B | $6.11B | $6.04B | $6.06B | $6.10B | $6.00B | $5.66B | $5.17B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $9.56B | $9.53B | $9.42B | $9.36B | $9.37B | $9.32B | $9.18B | $8.69B | $8.72B | $8.61B | $8.54B | $8.54B | $8.67B | $8.39B | $8.40B | $8.56B | $7.77B | $7.24B | $7.04B | $6.58B |
| Account Payables | $70.01M | $85.07M | $42.10M | $86.30M | $76.16M | $53.05M | $75.45M | $112.01M | $76.05M | $47.42M | $44.95M | $53.96M | $55.07M | $33.20M | $28.45M | $36.07M | $41.06M | $62.95M | $43.60M | $41.91M |
| Short Term Debt | $630.09M | $390.87M | $540.45M | $446.86M | $436.92M | $456.76M | $535.18M | $529.55M | $520.72M | $458.82M | $367.58M | $358.62M | $355.52M | $551.46M | $517.99M | $504.09M | $438.20M | $460.64M | $379.51M | $311.96M |
| Tax Payables | $125.56M | $118.83M | $104.45M | $93.16M | $128.87M | $131.70M | $96.42M | $88.40M | $122.04M | $122.11M | $77.41M | $77.27M | $107.14M | $102.66M | $36.88M | $33.85M | $22.95M | $16.58M | $65.31M | $68.72M |
| Deferred Revenue | $496.99M | $475.65M | $383.75M | $429.36M | $479.68M | $566.86M | $429.62M | $495.81M | $561.71M | $558.30M | $382.32M | $447.47M | $608.14M | $509.17M | $401.97M | $429.89M | $452.02M | $411.29M | $315.41M | $361.22M |
| Other Current Liabilities | $188.50M | $458.60M | $600.85M | $545.12M | $564.34M | $544.24M | $459.91M | $442.76M | $456.62M | $424.63M | $403.35M | $366.58M | $475.31M | $311.59M | $356.73M | $292.80M | $316.95M | $280.03M | $308.21M | $268.97M |
| Total Current Liabilities | $1.51B | $1.53B | $1.67B | $1.60B | $1.69B | $1.75B | $1.60B | $1.67B | $1.74B | $1.61B | $1.28B | $1.30B | $1.60B | $1.51B | $1.34B | $1.30B | $1.27B | $1.23B | $1.11B | $1.05B |
| Long Term Debt | $7.02B | $6.77B | $6.35B | $6.15B | $5.87B | $5.77B | $5.66B | $4.76B | $4.68B | $4.64B | $4.73B | $4.60B | $4.44B | $4.34B | $4.32B | $4.32B | $3.60B | $3.23B | $3.18B | $2.88B |
| Deferred Revenue Non-Current | $380.00K | $- | $149.45M | $132.86M | $134.67M | $141.74M | $133.70M | $117.00M | $116.66M | $116.24M | $47.74M | $54.43M | $39.78M | $49.39M | $52.06M | $52.26M | $32.79M | $30.49M | $22.28M | $10.53M |
| Deferred Tax Liabilities Non-Current | $96.45M | $92.78M | $107.76M | $160.05M | $205.80M | $189.05M | $226.84M | $297.88M | $310.35M | $325.76M | $375.47M | $380.87M | $412.62M | $398.10M | $439.89M | $486.49M | $517.54M | $505.26M | $469.29M | $446.94M |
| Other Non-Current Liabilities | $123.23M | $133.09M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $7.24B | $7.00B | $6.61B | $6.44B | $6.22B | $6.10B | $6.02B | $5.18B | $5.10B | $5.08B | $5.15B | $5.03B | $4.89B | $4.79B | $4.81B | $4.86B | $4.15B | $3.77B | $3.67B | $3.34B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $8.75B | $8.52B | $8.28B | $8.05B | $7.90B | $7.85B | $7.61B | $6.85B | $6.84B | $6.69B | $6.43B | $6.34B | $6.49B | $6.29B | $6.15B | $6.15B | $5.42B | $5.00B | $4.78B | $4.40B |
| Preferred Stock | $- | $1 | $- | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $11.00K | $10.00K | $10.00K | $28.00K | $27.00K | $7.00K | $7.00K | $7.00K |
| Retained Earnings | $-278.81M | $-85.88M | $56.76M | $240.41M | $397.96M | $400.31M | $504.22M | $774.88M | $811.26M | $863.67M | $1.06B | $1.15B | $1.13B | $1.42B | $1.52B | $1.68B | $1.78B | $1.93B | $1.96B | $1.87B |
| Accumulated Other Comprehensive Income Loss | $-166.00K | $-165.00K | $-67.00K | $-304.00K | $-294.00K | $-390.00K | $-596.00K | $-747.00K | $-894.00K | $-762.00K | $-532.00K | $-502.00K | $-541.00K | $-566.00K | $-618.00K | $-608.00K | $-495.00K | $-561.00K | $-787.00K | $-875.00K |
| Other Total Stockholders Equity | $1.09B | $1.09B | $1.08B | $1.08B | $1.07B | $1.07B | $1.07B | $1.07B | $1.06B | $1.06B | $1.06B | $1.05B | $1.05B | $674.93M | $725.42M | $722.50M | $562.31M | $309.19M | $306.93M | $306.98M |
| Total Stockholders Equity | $809.66M | $1.00B | $1.13B | $1.32B | $1.47B | $1.47B | $1.57B | $1.84B | $1.87B | $1.92B | $2.11B | $2.20B | $2.18B | $2.09B | $2.25B | $2.40B | $2.34B | $2.23B | $2.26B | $2.18B |
| Total Equity | $809.66M | $1.00B | $1.13B | $1.32B | $1.47B | $1.47B | $1.57B | $1.84B | $1.87B | $1.92B | $2.11B | $2.20B | $2.18B | $2.09B | $2.25B | $2.40B | $2.34B | $2.23B | $2.26B | $2.18B |
| Total Liabilities and Stockholders Equity | $9.56B | $9.53B | $9.42B | $9.36B | $9.37B | $9.32B | $9.18B | $8.69B | $8.72B | $8.61B | $8.54B | $8.54B | $8.67B | $8.39B | $8.40B | $8.56B | $7.77B | $7.24B | $7.04B | $6.58B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $9.56B | $9.53B | $9.42B | $9.36B | $9.37B | $9.32B | $9.18B | $8.69B | $8.72B | $8.61B | $8.54B | $8.54B | $8.67B | $8.39B | $8.40B | $8.56B | $7.77B | $7.24B | $7.04B | $6.58B |
| Total Investments | $115.29M | $113.85M | $112.50M | $110.93M | $109.49M | $108.36M | $107.11M | $106.25M | $105.92M | $106.01M | $106.31M | $106.38M | $106.38M | $106.38M | $106.34M | $106.32M | $106.30M | $106.21M | $105.32M | $104.79M |
| Total Debt | $7.41B | $7.18B | $6.93B | $6.62B | $6.33B | $6.25B | $6.21B | $5.31B | $5.22B | $5.11B | $5.12B | $4.98B | $4.83B | $4.89B | $4.90B | $4.87B | $4.04B | $3.71B | $3.58B | $3.22B |
| Net Debt | $6.70B | $6.42B | $6.07B | $5.81B | $5.22B | $4.97B | $4.87B | $4.36B | $4.02B | $3.87B | $3.78B | $3.45B | $2.97B | $3.12B | $3.11B | $2.92B | $2.91B | $2.93B | $2.60B | $2.28B |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-447.46M | $-554.15M | $-472.57M | $-428.70M | $335.25M |
| Depreciation and Amortization | $320.87M | $313.09M | $297.21M | $278.59M | $225.26M |
| Deferred Income Tax | $-119.24M | $-148.61M | $-49.50M | $-46.09M | $115.69M |
| Stock Based Compensation | $11.96M | $11.48M | $12.54M | $11.57M | $8.15M |
| Change in Working Capital | $-30.62M | $-120.16M | $71.21M | $-63.93M | $-300.64M |
| Accounts Receivables | $27.91M | $-68.34M | $-85.80M | $30.49M | $-26.15M |
| Inventory | $- | $- | $237.68M | $-88.69M | $-122.53M |
| Accounts Payables | $-34.05M | $9.03M | $13.06M | $-17.05M | $569.00K |
| Other Working Capital | $-24.48M | $-60.85M | $-93.73M | $11.33M | $-152.53M |
| Other Non Cash Items | $17.83M | $409.32M | $350.00M | $23.27M | $167.60M |
| Net Cash Provided by Operating Activities | $-246.66M | $-89.02M | $208.89M | $-225.27M | $551.32M |
| Investments in Property Plant and Equipment | $-255.56M | $-264.25M | $-350.38M | $-548.83M | $-334.54M |
| Acquisitions Net | $- | $- | $-17.26M | $-12.23M | $-10.77M |
| Purchases of Investments | $-127.63M | $-110.69M | $-105.36M | $-118.89M | $-122.41M |
| Sales Maturities of Investments | $125.57M | $109.50M | $104.50M | $117.67M | $120.83M |
| Other Investing Activities | $221.11M | $-2.00K | $16.05M | $8.29M | $-110.04M |
| Net Cash Used for Investing Activities | $-36.51M | $-265.44M | $-352.44M | $-554.00M | $-456.93M |
| Debt Repayment | $-203.27M | $397.12M | $-663.80M | $1.33B | $-117.44M |
| Common Stock Issued | $- | $- | $375.66M | $366.78M | $- |
| Common Stock Repurchased | $-2.64M | $-2.36M | $-1.51M | $-1.67M | $-5.44M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $7.95M | $-3.47M | $996.00K | $-36.36M | $2.71M |
| Net Cash Used Provided by Financing Activities | $-197.96M | $391.30M | $-288.66M | $1.66B | $-120.17M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-481.13M | $36.84M | $-432.22M | $882.17M | $-25.78M |
| Cash at End of Period | $984.61M | $1.47B | $1.43B | $1.86B | $978.96M |
| Cash at Beginning of Period | $1.47B | $1.43B | $1.86B | $978.96M | $1.00B |
| Operating Cash Flow | $-246.66M | $-89.02M | $208.89M | $-225.27M | $551.32M |
| Capital Expenditure | $-277.42M | $-264.25M | $-350.38M | $-548.83M | $-334.54M |
| Free Cash Flow | $-524.08M | $-353.27M | $-141.49M | $-774.10M | $216.78M |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-192.93M | $-142.63M | $-183.65M | $-157.55M | $-2.35M | $-103.91M | $-270.66M | $-36.38M | $-52.41M | $-194.70M | $-87.16M | $14.77M | $-287.86M | $-112.32M | $-157.30M | $-99.14M | $-144.43M | $-27.83M | $81.21M | $83.46M |
| Depreciation and Amortization | $84.49M | $81.35M | $79.54M | $82.80M | $80.54M | $77.99M | $82.25M | $78.18M | $76.47M | $76.19M | $74.94M | $74.26M | $73.70M | $74.31M | $72.13M | $71.35M | $69.11M | $65.99M | $61.91M | $57.71M |
| Deferred Income Tax | $3.66M | $-15.01M | $-52.36M | $-45.88M | $16.85M | $-37.85M | $-71.07M | $-12.52M | $-15.37M | $-49.65M | $-5.38M | $-31.77M | $14.52M | $-26.87M | $-46.59M | $-31.02M | $-4.85M | $36.37M | $24.00M | $47.18M |
| Stock Based Compensation | $342.00K | $3.08M | $2.64M | $2.57M | $3.48M | $3.27M | $2.94M | $2.82M | $1.68M | $4.05M | $2.56M | $3.23M | $2.49M | $4.25M | $2.98M | $2.15M | $2.65M | $3.79M | $26.00K | $1.72M |
| Change in Working Capital | $-21.75M | $-69.37M | $-66.28M | $-81.40M | $-112.31M | $185.72M | $-131.59M | $-193.06M | $38.85M | $165.64M | $-58.10M | $-271.84M | $158.98M | $242.17M | $22.82M | $-32.38M | $-8.70M | $-45.67M | $-118.89M | $-188.08M |
| Accounts Receivables | $- | $-8.05M | $-34.51M | $15.63M | $-669.00K | $11.20M | $-25.06M | $-22.06M | $10.63M | $-31.84M | $5.06M | $7.62M | $-41.23M | $-57.26M | $8.24M | $4.88M | $-22.55M | $39.91M | $-2.44M | $6.75M |
| Inventory | $- | $- | $97.54M | $7.41M | $-18.46M | $- | $- | $- | $- | $- | $39.37M | $-6.42M | $5.25M | $199.48M | $59.09M | $110.84M | $-97.86M | $-160.75M | $-17.67M | $-116.97M |
| Accounts Payables | $-41.32M | $38.72M | $-43.46M | $9.91M | $36.55M | $-37.05M | $-39.05M | $25.28M | $27.99M | $-5.19M | $-8.48M | $-2.49M | $20.82M | $3.20M | $-7.55M | $-3.03M | $-21.33M | $14.85M | $-314.00K | $-1.14M |
| Other Working Capital | $19.57M | $-21.11M | $-85.86M | $-114.34M | $-129.73M | $211.57M | $-67.47M | $-196.28M | $-37.13M | $202.67M | $-94.05M | $-270.56M | $174.13M | $96.74M | $-36.96M | $-145.07M | $133.05M | $60.31M | $-98.47M | $-76.72M |
| Other Non Cash Items | $-6.83M | $7.59M | $37.34M | $4.86M | $3.72M | $15.56M | $331.38M | $41.93M | $7.48M | $18.02M | $4.99M | $4.26M | $335.65M | $5.11M | $10.07M | $6.60M | $4.67M | $1.94M | $2.56M | $15.39M |
| Net Cash Provided by Operating Activities | $-133.02M | $-136.97M | $-182.78M | $-194.60M | $-10.06M | $140.78M | $-56.76M | $-119.03M | $67.22M | $19.55M | $-68.15M | $-207.08M | $297.47M | $186.65M | $-95.89M | $-82.43M | $-81.54M | $34.58M | $50.82M | $17.37M |
| Investments in Property Plant and Equipment | $1.95M | $-70.06M | $-50.22M | $-70.22M | $-66.16M | $-90.82M | $-60.55M | $-81.11M | $-65.22M | $-57.37M | $-88.77M | $-84.19M | $-80.90M | $-96.52M | $-40.54M | $-54.01M | $-133.00M | $-321.27M | $-81.11M | $116.13M |
| Acquisitions Net | $- | $169.17M | $193.76M | $5.25M | $6.00M | $23.84M | $-2.00K | $237.00K | $- | $- | $-4.55M | $-3.65M | $-4.71M | $-4.34M | $-3.08M | $-2.87M | $-3.43M | $-2.86M | $-3.07M | $-2.77M |
| Purchases of Investments | $-36.05M | $-58.68M | $-32.15M | $-39.86M | $-35.02M | $-20.59M | $-50.98M | $-20.74M | $-12.22M | $-26.75M | $-21.23M | $-28.20M | $-35.24M | $-20.69M | $-23.59M | $-40.31M | $-30.96M | $-24.04M | $-28.85M | $-36.20M |
| Sales Maturities of Investments | $35.75M | $58.35M | $31.80M | $39.36M | $34.41M | $20.00M | $50.50M | $20.50M | $12.00M | $26.50M | $21.00M | $28.00M | $35.00M | $20.50M | $23.40M | $40.07M | $30.59M | $23.60M | $28.43M | $35.80M |
| Other Investing Activities | $151.64M | $34.00K | $5.86M | $1.95M | $6.30M | $23.25M | $2.00K | $-237.00K | $-221.00K | $-249.00K | $4.55M | $3.61M | $4.34M | $3.54M | $2.62M | $1.66M | $3.20M | $803.00K | $69.82M | $-174.56M |
| Net Cash Used for Investing Activities | $153.29M | $98.82M | $149.04M | $-63.52M | $-54.46M | $-67.57M | $-61.04M | $-81.34M | $-65.44M | $-57.62M | $-89.00M | $-84.42M | $-81.52M | $-97.51M | $-41.19M | $-55.46M | $-133.59M | $-323.77M | $-14.77M | $-61.60M |
| Debt Repayment | $-72.91M | $-47.41M | $81.11M | $-45.30M | $-112.50M | $-129.61M | $537.54M | $-43.24M | $-52.63M | $-44.55M | $-2.37M | $-45.83M | $-502.08M | $-110.78M | $-4.45M | $837.44M | $398.12M | $101.57M | $9.38M | $-133.94M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $163.06M | $- | $- | $- | $- |
| Common Stock Repurchased | $-9.00K | $-636.00K | $-929.00K | $-34.00K | $-1.00K | $-1.67M | $-552.00K | $-30.00K | $-5.00K | $-1.77M | $-163.00K | $-28.00K | $-17.00K | $-1.31M | $-72.00K | $-43.00K | $-18.00K | $-1.54M | $-83.00K | $-108.00K |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-324.16M | $- | $- | $- | $-161.72M | $-896.25M | $- | $- | $- | $- |
| Other Financing Activities | $-361.00K | $-34.00K | $441.00K | $11.09M | $- | $-555.00K | $-2.27M | $- | $2.00K | $-1.20M | $1.00K | $36.00K | $373.59M | $288.00K | $261.00K | $878.67M | $-17.47M | $-1.58M | $-2.07M | $3.15M |
| Net Cash Used Provided by Financing Activities | $-73.28M | $-48.08M | $80.63M | $-34.25M | $-112.50M | $-131.84M | $534.72M | $-43.27M | $-52.63M | $-47.52M | $-2.53M | $-45.83M | $-128.51M | $-111.80M | $-4.26M | $982.88M | $584.36M | $98.45M | $7.23M | $-130.90M |
| Effect of Forex Changes on Cash | $- | $- | $-553.13M | $295.57M | $257.56M | $- | $- | $- | $- | $- | $-272.54M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-53.00M | $-86.24M | $46.89M | $-292.37M | $-177.02M | $-58.63M | $416.91M | $-243.64M | $-50.85M | $-85.59M | $-159.68M | $-337.33M | $87.44M | $-22.65M | $-141.33M | $845.00M | $369.24M | $-190.73M | $43.28M | $-175.12M |
| Cash at End of Period | $845.37M | $898.37M | $984.61M | $937.72M | $1.23B | $1.41B | $1.47B | $1.05B | $1.29B | $1.34B | $1.43B | $1.59B | $1.93B | $1.84B | $1.86B | $2.00B | $1.16B | $788.23M | $978.96M | $935.68M |
| Cash at Beginning of Period | $898.37M | $984.61M | $937.72M | $1.23B | $1.41B | $1.47B | $1.05B | $1.29B | $1.34B | $1.43B | $1.59B | $1.93B | $1.84B | $1.86B | $2.00B | $1.16B | $788.23M | $978.96M | $935.68M | $1.11B |
| Operating Cash Flow | $-133.02M | $-136.97M | $-182.78M | $-194.60M | $-10.06M | $140.78M | $-56.76M | $-119.03M | $67.22M | $19.55M | $-68.15M | $-207.08M | $297.47M | $186.65M | $-95.89M | $-82.43M | $-81.54M | $34.58M | $50.82M | $17.37M |
| Capital Expenditure | $-3.17M | $-70.06M | $-50.22M | $-70.22M | $-66.16M | $-90.82M | $-60.55M | $-81.11M | $-65.22M | $-57.37M | $-88.77M | $-84.19M | $-80.90M | $-96.52M | $-40.54M | $-54.01M | $-133.00M | $-321.27M | $-81.11M | $116.13M |
| Free Cash Flow | $-136.19M | $-207.04M | $-233.00M | $-264.82M | $-76.22M | $49.96M | $-117.32M | $-200.13M | $2.01M | $-37.83M | $-156.92M | $-291.27M | $216.57M | $90.13M | $-136.43M | $-136.44M | $-214.54M | $-286.69M | $-30.28M | $133.50M |
Spirit Airlines Dividends
Explore Spirit Airlines's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
-0.89x
Spirit Airlines Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.1 | $0.1 | February 22, 2024 | February 23, 2024 | February 29, 2024 | February 13, 2024 |
| $0.1 | $0.1 | January 24, 2024 | January 25, 2024 | January 31, 2024 | January 12, 2024 |
| $0.1 | $0.1 | December 21, 2023 | December 22, 2023 | December 29, 2023 | December 12, 2023 |
| $0.1 | $0.1 | November 22, 2023 | November 24, 2023 | November 30, 2023 | November 14, 2023 |
| $0.1 | $0.1 | October 24, 2023 | October 25, 2023 | October 31, 2023 | October 13, 2023 |
| $0.1 | $0.1 | September 22, 2023 | September 25, 2023 | September 29, 2023 | September 15, 2023 |
| $0.1 | $0.1 | August 24, 2023 | August 25, 2023 | August 31, 2023 | August 15, 2023 |
| $0.1 | $0.1 | July 24, 2023 | July 25, 2023 | July 31, 2023 | July 14, 2023 |
| $0.1 | $0.1 | June 23, 2023 | June 26, 2023 | June 30, 2023 | June 16, 2023 |
| $0.1 | $0.1 | May 23, 2023 | May 24, 2023 | May 31, 2023 | May 12, 2023 |
| $0.1 | $0.1 | April 21, 2023 | April 24, 2023 | April 28, 2023 | April 14, 2023 |
| $0.1 | $0.1 | March 24, 2023 | March 27, 2023 | March 31, 2023 | March 18, 2023 |
| $0.1 | $0.1 | February 21, 2023 | February 22, 2023 | February 28, 2023 | February 10, 2023 |
| $0.1 | $0.1 | January 24, 2023 | January 25, 2023 | January 31, 2023 | January 13, 2023 |
Spirit Airlines News
Read the latest news about Spirit Airlines, including recent articles, headlines, and updates.
PG&E Launches Seasonal Aggregation of Versatile Energy (SAVE) Virtual Power Plant Program
First-of-its-kind, proactive peak load shifting and shaping program will dispatch residential home batteries and leverage smart home electrical panels to enhance local grid reliability OAKLAND, Calif. , March 24, 2025 /PRNewswire/ -- Pacific Gas & Electric Company (PG&E) today announced the launch of Seasonal Aggregation of Versatile Energy (SAVE), an Electric Program Investment Charge (EPIC) demonstration and a first-of-its-kind virtual power plant (VPP) that harnesses residential distributed energy resources to reduce local grid constraints.
Savannah Energy has 51.5p share price target from broker Cavendish
The return to trading of Savannah Energy PLC (AIM:SAVE) after a two-year suspension was flagged by house brokers Cavedish and Shore Capital on Tuesday. Cavendish reinstated its target price of 51.5p, a 96% premium to the suspension price.
Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy
Spirit Airlines is laying off approximately 200 employees as part of an effort to reduce expenses as the company looks to emerge from bankruptcy, the company said. The airline's top executive, CEO Ted Christie, informed employees of the job cuts on Wednesday evening.
NYSE to Commence Delisting Proceedings Against Spirit Airlines, Inc. (SAVE)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the “Company”) — ticker symbol SAVE — from the NYSE. Trading in the Company's common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Co.
Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through
Spirit Airlines Inc. filed for a voluntary, pre-arranged Chapter 11 bankruptcy early Monday, capping a tumultuous period for the low-cost airline in which efforts to merge with two rivals fell through.
Spirit Airlines files for bankruptcy under creditor-backed restructuring
Spirit Airlines Inc has filed for bankruptcy protection under a bondholder-backed restructuring plan aimed at slashing debt. Under the pre-agreed deal, unveiled on Monday, bondholders will provide $300 million in debtor-in-possession financing before Spirit exits bankruptcy early next year.
Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
Spirit has struggled since its failed acquisition by JetBlue Airways, a Pratt & Whitney engine recall and weaker-than-expected sales. The company has faced mounting losses and has been against a deadline to renegotiate $1.1 billion in debt payments due next year.
Spirit Airlines Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success as a Leading Low-Fare Carrier
Flights, Ticket Sales, Reservations and All Other Operations Continue as Normal Restructuring Support Agreement Already Signed by a Supermajority of Spirit's Bondholders Voluntary Prearranged Chapter 11 Proceedings Commenced to Implement the Agreed Deleveraging and Recapitalization Transactions Receives Backstopped Commitments for $350 Million Equity Investment and $300 Million in Debtor-in-Possession Financing from Existing Bondholders; Vendors, Aircraft Lessors and Holders of Secured Aircraft Indebtedness to Be Paid in the Ordinary Course and Will Not be Impaired DANIA BEACH, Fla., Nov. 18, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it has entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring.
Spirit Airlines Issues Open Letter to All Spirit Guests
DANIA BEACH, Fla., Nov. 18, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today issued the following open letter to all Spirit Guests: We are writing to let you know about a proactive step Spirit has taken to position the company for success.
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