Market Summary
USD16.21-0.11
Delayedas of 26 Sep 2023, 10:19 am-0.67%
SAVE Stock Price
SAVE RSI Chart
SAVE Valuation
SAVE Price/Sales (Trailing)
SAVE Profitability
SAVE Fundamentals
SAVE Revenue
SAVE Earnings
Price Action
52 Week Range
14.4122.34
(Low)(High)
Last 7 days
2.1%
Last 30 days
5.5%
Last 90 days
-3.1%
Trailing 12 Months
-22.8%
SAVE Financial Health
SAVE Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for SAVE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-04-03 | Christie Edward M III | acquired | 151,241 | 17.58 | 8,603 | president and ceo |
2023-04-03 | Haralson Scott | acquired | 163,195 | 17.58 | 9,283 | evp and cfo |
2023-03-17 | Vanier Kevin Blake | sold (taxes) | - | - | -2,604 | vp of fp & a |
2023-03-06 | Haralson Scott | acquired | 14,233 | 16.36 | 870 | evp and cfo |
2023-03-06 | Bendoraitis John A. | acquired | 15,623 | 16.36 | 955 | evp and coo |
2023-03-06 | Canfield Thomas C | acquired | 14,887 | 16.36 | 910 | svp, general counsel and sec |
2023-03-06 | Klein Matthew H | acquired | 18,126 | 16.36 | 1,108 | evp, cco |
2023-03-06 | McMenamy Brian J. | acquired | 5,824 | 16.36 | 356 | vp & controller |
2023-03-06 | Christie Edward M III | acquired | 38,413 | 16.36 | 2,348 | president and ceo |
2023-03-06 | Wiggins Rocky | acquired | 12,957 | 16.36 | 792 | svp and cio |
Which funds bought or sold SAVE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 18.6 | 441,000 | 2,828,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | - | 223 | -% |
2023-08-23 | CTC Alternative Strategies, Ltd. | new | - | 343,200 | 343,200 | 0.43% |
2023-08-21 | VitalStone Financial, LLC | unchanged | - | - | 1,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -6.13 | -68,461 | 1,038,610 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 14.22 | 107,871 | 856,654 | -% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 3,595 | 3,595 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -49.79 | -4,647,460 | 4,681,540 | -% |
2023-08-15 | DRW Securities, LLC | sold off | -100 | -205,000 | - | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 82.45 | 658,237 | 1,457,680 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Spirit Airlines
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 9.33% | 10,157,579 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G | |
| Jan 31, 2023 | blackrock inc. | 7.0% | 7,668,319 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 7.5% | 8,168,581 | SC 13G/A | |
| Feb 16, 2021 | dimensional fund advisors lp | 4.4% | 4,280,011 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.56% | 8,360,066 | SC 13G/A | |
| Feb 01, 2021 | blackrock inc. | 7.5% | 7,348,387 | SC 13G/A | |
| Nov 10, 2020 | fmr llc | - | 0 | SC 13G/A | |
| Jun 10, 2020 | fmr llc | - | 0 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 9.14% | 6,262,336 | SC 13G/A |
Recent SEC filings of Spirit Airlines
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 22, 2023 | 8-K | Current Report | |
| Sep 13, 2023 | 8-K | Current Report | |
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 03, 2023 | 8-K | Current Report | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Jul 24, 2023 | 8-K | Current Report | |
| Jul 24, 2023 | 8-K | Current Report | |
| Jun 23, 2023 | 8-K | Current Report |
Peers (Alternatives to Spirit Airlines)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
FDX | 59.7B | 88.6B | 2.98% | 78.42% | 17.9 | 0.63 | -6.50% | 16.33% |
DAL | 24.5B | 55.7B | -9.93% | 29.43% | 298.7 | 0.53 | 33.38% | 398.83% |
LUV | 16.4B | 25.1B | -11.92% | -13.29% | 37.7 | 0.65 | 18.83% | -71.05% |
UAL | 14.1B | 50.9B | -12.28% | 29.82% | 5.28 | 0.28 | 42.85% | 318.35% |
AAL | 8.4B | 52.9B | -11.45% | 5.73% | 3.2 | 0.16 | 29.91% | 237.04% |
| MID-CAP | ||||||||
ALK | 4.8B | 10.3B | -10.66% | -8.39% | 29.74 | 0.46 | 26.25% | -23.08% |
AAWW | 2.9B | 4.5B | 0.24% | 22.01% | 8.22 | 0.64 | 12.86% | -27.86% |
JBLU | 1.5B | 9.9B | -26.57% | -35.60% | 54.88 | 0.15 | 24.14% | 106.11% |
| SMALL-CAP | ||||||||
SAVE | 2.0B | 5.5B | 5.49% | -22.78% | -4.4 | 0.37 | 29.98% | -29.36% |
SKYW | 1.8B | 2.9B | 4.51% | 154.27% | -341.8 | 0.64 | -5.50% | -106.28% |
ATSG | 1.5B | 2.1B | 0.28% | -10.04% | 9.9 | 0.72 | 7.02% | -29.07% |
ALGT | 1.3B | 2.5B | -14.62% | -5.70% | 8.83 | 0.53 | 20.09% | 224.40% |
HA | 338.7M | 2.8B | -25.37% | -50.90% | -1.99 | 0.12 | 28.49% | 34.24% |
AIRT | 62.3M | 267.9M | 6.74% | -1.78% | -5.47 | 0.23 | 40.28% | -223.76% |
MESA | 36.0M | 509.3M | -40.06% | -51.05% | -0.17 | 0.07 | -5.00% | -178.26% |
Spirit Airlines News
Returns for SAVE
Cumulative Returns on SAVE
-7.0%
10-Year Cumulative Returns
-12.2%
7-Year Cumulative Returns
-18.9%
5-Year Cumulative Returns
0.8%
3-Year Cumulative Returns
Risks for SAVE
What is the probability of a big loss on SAVE?
95%
Probability that Spirit Airlines stock will be more than 20% underwater in next one year
82.3%
Probability that Spirit Airlines stock will be more than 30% underwater in next one year.
51.1%
Probability that Spirit Airlines stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does SAVE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Spirit Airlines was unfortunately bought at previous high price.
Drawdowns
Financials for Spirit Airlines
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.2% | 5,516,735,000 | 5,450,906,000 | 5,068,447,000 | 4,664,693,000 | 4,244,145,000 | 3,736,811,000 | 3,230,775,000 | 2,741,709,000 | 2,221,000,000 | 1,500,220,000 | 1,810,022,000 | 2,281,348,000 | 2,871,394,000 | 3,745,821,000 | 3,830,536,000 | 3,723,515,000 | 3,635,877,000 | 3,474,692,000 | 3,323,034,000 | 3,126,421,000 | 2,909,318,000 |
| Operating Expenses | 0.0% | 5,951,038,000 | 5,950,750,000 | 5,667,364,000 | 5,019,431,000 | 4,548,498,000 | 3,902,623,000 | 3,287,649,000 | 2,896,948,000 | 2,489,705,000 | 2,052,520,000 | 2,317,784,000 | 2,504,571,000 | 2,870,465,000 | 3,390,570,000 | 3,329,489,000 | 3,211,027,000 | 3,102,945,000 | 2,997,177,000 | 2,972,120,000 | 2,820,276,000 | 2,644,424,000 |
| S&GA Expenses | 1.0% | 192,200,000 | 190,223,000 | 177,557,000 | 168,969,000 | 157,669,000 | 144,208,000 | 132,499,000 | 117,072,000 | 98,869,000 | 74,958,000 | 85,059,000 | 101,266,000 | 122,544,000 | 151,794,000 | 153,770,000 | 148,986,000 | 147,694,000 | 142,089,000 | 137,001,000 | 131,666,000 | 123,493,000 |
| EBITDA | 100.0% | - | -169,800,000 | -280,206,000 | -37,002,000 | -8,229,000 | -178,400,000 | -67,498,000 | -169,027,000 | -285,728,000 | -241,414,000 | -207,076,000 | 70,561,000 | 286,158,000 | 630,537,000 | 763,040,000 | 760,759,000 | - | - | - | - | - |
| EBITDA Margin | 100.0% | - | -0.03 | -0.06 | -0.01 | 0.00 | -0.05 | -0.02 | -0.06 | -0.13 | -0.16 | -0.11 | 0.03 | 0.10 | 0.17 | 0.20 | 0.20 | - | - | - | - | - |
| Interest Expenses | 7.7% | 122,428,000 | 113,661,000 | 107,443,000 | 109,487,000 | 110,292,000 | 121,075,000 | 135,500,000 | 130,518,000 | 122,890,000 | 103,341,000 | 80,837,000 | 76,537,000 | 76,611,000 | 78,789,000 | 80,254,000 | 88,986,000 | 89,633,000 | 75,721,000 | 65,123,000 | 51,338,000 | 37,802,000 |
| Earnings Before Taxes | 13.8% | -515,867,000 | -598,351,000 | -700,739,000 | -452,269,000 | -420,377,000 | -626,175,000 | -520,320,000 | -633,027,000 | -744,545,000 | -683,771,000 | -620,184,000 | -308,887,000 | -71,354,000 | 289,751,000 | 436,426,000 | 450,565,000 | 470,139,000 | 336,719,000 | 204,976,000 | 165,818,000 | 131,781,000 |
| EBT Margin | 100.0% | - | -0.11 | -0.14 | -0.10 | -0.10 | -0.17 | -0.16 | -0.23 | -0.34 | -0.46 | -0.34 | -0.14 | -0.02 | 0.08 | 0.11 | 0.12 | - | - | - | - | - |
| Net Income | 10.8% | -413,301,000 | -463,358,000 | -554,150,000 | -370,645,000 | -319,494,000 | -554,951,000 | -472,569,000 | -542,714,000 | -656,628,000 | -513,193,000 | -428,700,000 | -190,182,000 | -7,578,000 | 251,351,000 | 335,255,000 | 345,978,000 | 359,994,000 | 256,747,000 | 155,749,000 | 310,787,000 | 273,351,000 |
| Net Income Margin | 100.0% | - | -0.09 | -0.11 | -0.08 | -0.08 | -0.15 | -0.15 | -0.20 | -0.30 | -0.34 | -0.24 | -0.08 | 0.00 | 0.07 | 0.09 | 0.09 | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 32,210,000 | -89,022,000 | -100,409,000 | -188,461,000 | 41,785,000 | 208,888,000 | 181,150,000 | 305,801,000 | -407,745,000 | -559,811,000 | -270,998,000 | -171,199,000 | 46,215,000 | 216,784,000 | 255,581,000 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.5% | 9,372 | 9,322 | 9,185 | 8,685 | 8,715 | 8,612 | 8,540 | 8,537 | 8,671 | 8,388 | 8,399 | 8,557 | 7,768 | 7,235 | 7,043 | 6,575 | 6,663 | 6,424 | 5,165 | 4,782 | 4,682 |
| Current Assets | -7.6% | 1,773 | 1,918 | 1,994 | 1,551 | 1,762 | 1,829 | 1,842 | 2,027 | 2,388 | 2,276 | 2,356 | 2,499 | 1,668 | 1,231 | 1,385 | 1,403 | 1,521 | 1,517 | 1,345 | 1,206 | 1,230 |
| Cash Equivalents | -13.7% | 1,111 | 1,288 | 1,346 | 953 | 1,292 | 1,343 | 1,429 | 1,589 | 1,926 | 1,838 | 1,861 | 2,002 | 1,157 | 788 | 979 | 936 | 1,111 | 1,122 | 1,005 | 774 | 812 |
| Net PPE | 0.0% | 3,741 | 3,739 | 3,749 | 3,881 | 3,858 | 3,853 | 3,857 | 3,827 | 3,832 | 3,817 | 3,832 | 3,823 | 3,810 | 3,733 | 3,530 | 3,334 | 3,362 | 3,155 | 3,116 | 2,906 | 2,818 |
| Current Liabilities | -3.8% | 1,686 | 1,753 | 1,597 | 1,669 | 1,737 | 1,611 | 1,276 | 1,304 | 1,601 | 1,508 | 1,342 | 1,297 | 1,271 | 1,231 | 1,112 | 1,053 | 1,211 | 1,127 | 835 | 825 | 900 |
| Long Term Debt | -2.6% | 3,081 | 3,164 | 3,200 | 2,658 | 2,696 | 2,802 | 2,976 | 2,975 | 3,015 | 3,048 | 3,067 | 3,075 | 2,334 | 1,966 | 1,960 | 1,969 | 2,025 | 2,040 | 2,025 | 1,771 | - |
| LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,732 |
| Shareholder's Equity | 0.1% | 1,471 | 1,470 | 1,572 | 1,840 | 1,873 | 1,921 | 2,114 | 2,199 | 2,181 | 2,093 | 2,250 | 2,404 | 2,343 | 2,234 | 2,261 | 2,180 | 2,095 | 1,978 | 1,929 | 1,834 | 1,734 |
| Retained Earnings | -0.6% | 398 | 400 | 504 | 775 | 811 | 864 | 1,058 | 1,146 | 1,131 | 1,419 | 1,525 | 1,682 | 1,781 | 1,926 | 1,955 | 1,874 | 1,791 | 1,676 | 1,625 | 1,534 | 1,436 |
| Additional Paid-In Capital | 0.3% | 1,153 | 1,150 | 1,146 | 1,143 | 1,140 | 1,136 | 1,132 | 1,129 | 1,126 | 750 | 800 | 797 | 636 | 383 | 379 | 379 | 378 | 375 | 371 | 368 | 366 |
| Accumulated Depreciation | 5.4% | 1,109 | 1,052 | 1,099 | 1,044 | 990 | 937 | 885 | 832 | 781 | 731 | 680 | 632 | 582 | 538 | 492 | 450 | 368 | 369 | 333 | 296 | 261 |
| Shares Outstanding | - | - | - | 109 | - | - | - | 108 | - | - | - | 98.00 | - | - | - | 68.00 | - | - | - | 68.00 | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -239.9% | -45.08 | 32.00 | -89.02 | -100 | -188 | 42.00 | 209 | 181 | 306 | -73.21 | -225 | 64.00 | 163 | 381 | 551 | 556 | 596 | 540 | 506 | 346 | 353 |
| Share Based Compensation | 16.8% | 13.00 | 11.00 | 11.00 | 11.00 | 12.00 | 12.00 | 13.00 | 13.00 | 12.00 | 12.00 | 12.00 | 9.00 | 8.00 | 8.00 | 8.00 | 11.00 | 12.00 | 12.00 | 11.00 | 10.00 | 9.00 |
| Cashflow From Investing | 4.0% | -264 | -275 | -265 | -293 | -296 | -312 | -352 | -304 | -275 | -327 | -554 | -669 | -675 | -676 | -456 | -533 | -611 | -607 | -783 | -782 | -846 |
| Cashflow From Financing | -19.5% | 247 | 307 | 391 | -145 | -148 | -224 | -288 | -290 | 738 | 1,451 | 1,661 | 1,673 | 559 | -37.92 | -120 | 139 | 313 | 290 | 481 | 347 | 438 |
| Buy Backs | -0.2% | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 5.00 | 5.00 | 5.00 | 5.00 | 1.00 | 46.00 | 46.00 |
SAVE Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Operating revenues: | ||||
| Total operating revenues | $ 1,432,472 | $ 1,366,643 | $ 2,782,246 | $ 2,333,958 |
| Operating expenses: | ||||
| Aircraft fuel | 391,032 | 558,633 | 878,743 | 927,218 |
| Salaries, wages and benefits | 407,705 | 308,634 | 796,890 | 614,524 |
| Landing fees and other rents | 106,487 | 92,021 | 203,832 | 174,957 |
| Depreciation and amortization | 80,542 | 76,469 | 158,533 | 152,660 |
| Aircraft rent | 92,101 | 68,632 | 177,368 | 134,676 |
| Maintenance, materials and repairs | 56,825 | 45,407 | 111,239 | 90,922 |
| Distribution | 50,701 | 48,724 | 98,718 | 84,075 |
| Special charges | 19,972 | 18,004 | 33,955 | 33,567 |
| Loss on disposal of assets | 802 | 10,636 | 7,902 | 22,188 |
| Other operating | 206,094 | 184,813 | 407,250 | 355,969 |
| Total operating expenses | 1,412,261 | 1,411,973 | 2,874,430 | 2,590,756 |
| Operating income (loss) | 20,211 | (45,330) | (92,184) | (256,798) |
| Other (income) expense: | ||||
| Interest expense | 28,880 | 30,124 | 80,673 | 68,004 |
| Capitalized interest | (8,445) | (5,677) | (16,093) | (10,939) |
| Interest income | (15,962) | (2,561) | (31,396) | (3,028) |
| Other (income) expense | 766 | 296 | 1,308 | 713 |
| Total other (income) expense | 5,239 | 22,182 | 34,492 | 54,750 |
| Income (loss) before income taxes | 14,972 | (67,512) | (126,676) | (311,548) |
| Provision (benefit) for income taxes | 17,321 | (15,106) | (20,416) | (64,439) |
| Net income (loss) | $ (2,349) | $ (52,406) | $ (106,260) | $ (247,109) |
| Basic earnings (loss) per share (in dollars per share) | $ (0.02) | $ (0.48) | $ (0.97) | $ (2.27) |
| Diluted earnings (loss) per share (in dollars per share) | $ (0.02) | $ (0.48) | $ (0.97) | $ (2.27) |
| Passenger | ||||
| Operating revenues: | ||||
| Total operating revenues | $ 1,410,061 | $ 1,347,871 | $ 2,737,534 | $ 2,297,615 |
| Other | ||||
| Operating revenues: | ||||
| Total operating revenues | $ 22,411 | $ 18,772 | $ 44,712 | $ 36,343 |
SAVE Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,110,688 | $ 1,346,350 |
| Restricted cash | 119,400 | 119,392 |
| Short-term investment securities | 109,494 | 107,115 |
| Accounts receivable, net | 186,739 | 197,276 |
| Income tax receivable | 36,261 | 36,261 |
| Prepaid expenses and other current assets | 210,252 | 187,589 |
| Total current assets | 1,772,834 | 1,993,983 |
| Property and equipment: | ||
| Flight equipment | 4,219,907 | 4,326,515 |
| Ground property and equipment | 629,928 | 521,802 |
| Less accumulated depreciation | (1,109,335) | (1,098,819) |
| Total property and equipment, net | 3,740,500 | 3,749,498 |
| Operating lease right-of-use assets | 3,058,137 | 2,699,574 |
| Pre-delivery deposits on flight equipment | 508,957 | 487,553 |
| Deferred heavy maintenance, net | 252,682 | 190,349 |
| Other long-term assets | 39,017 | 63,817 |
| Total assets | 9,372,127 | 9,184,774 |
| Current liabilities: | ||
| Accounts payable | 76,158 | 75,449 |
| Air traffic liability | 479,677 | 429,618 |
| Current maturities of long-term debt, net, and finance leases | 235,579 | 346,888 |
| Current maturities of operating leases | 201,337 | 188,296 |
| Other current liabilities | 693,211 | 556,330 |
| Total current liabilities | 1,685,962 | 1,596,581 |
| Long-term debt, net and finance leases, less current maturities | 3,081,192 | 3,200,376 |
| Operating leases, less current maturities | 2,793,437 | 2,455,619 |
| Deferred income taxes | 205,796 | 226,843 |
| Deferred gains and other long-term liabilities | 134,668 | 133,704 |
| Shareholders’ equity: | ||
| Common stock | 11 | 11 |
| Additional paid-in-capital | 1,153,068 | 1,146,015 |
| Treasury stock, at cost | (79,672) | (77,998) |
| Retained earnings | 397,959 | 504,219 |
| Accumulated other comprehensive loss | (294) | (596) |
| Total shareholders’ equity | 1,471,072 | 1,571,651 |
| Total liabilities and shareholders’ equity | $ 9,372,127 | $ 9,184,774 |
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.