Company Quick10K Filing
Spirit Airlines
10-Q 2020-03-31 Filed 2020-05-06
10-K 2019-12-31 Filed 2020-02-05
10-Q 2019-09-30 Filed 2019-10-23
10-Q 2019-06-30 Filed 2019-07-24
10-Q 2019-03-31 Filed 2019-04-24
10-K 2018-12-31 Filed 2019-02-13
10-Q 2018-09-30 Filed 2018-10-24
10-Q 2018-06-30 Filed 2018-07-26
10-Q 2018-03-31 Filed 2018-04-26
10-K 2017-12-31 Filed 2018-02-13
10-Q 2017-09-30 Filed 2017-10-26
10-Q 2017-06-30 Filed 2017-07-27
10-Q 2017-03-31 Filed 2017-04-28
10-K 2016-12-31 Filed 2017-02-13
10-Q 2016-09-30 Filed 2016-10-25
10-Q 2016-06-30 Filed 2016-07-29
10-Q 2016-03-31 Filed 2016-04-26
10-K 2015-12-31 Filed 2016-02-17
10-Q 2015-09-30 Filed 2015-10-27
10-Q 2015-06-30 Filed 2015-07-24
10-Q 2015-03-31 Filed 2015-04-29
10-K 2014-12-31 Filed 2015-02-18
10-Q 2014-09-30 Filed 2014-10-28
10-Q 2014-06-30 Filed 2014-07-29
10-Q 2014-03-31 Filed 2014-04-29
10-K 2013-12-31 Filed 2014-02-20
10-Q 2013-09-30 Filed 2013-10-30
10-Q 2013-06-30 Filed 2013-07-26
10-Q 2013-03-31 Filed 2013-04-30
10-K 2012-12-31 Filed 2013-02-25
10-Q 2012-09-30 Filed 2012-10-31
10-Q 2012-06-30 Filed 2012-07-31
10-Q 2012-03-31 Filed 2012-05-01
10-K 2011-12-31 Filed 2012-02-23
S-1 2011-12-06 Public Filing
10-Q 2011-09-30 Filed 2011-10-27
10-Q 2011-06-30 Filed 2011-07-28
S-1 2010-09-17 Public Filing
8-K 2020-05-12 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-05-06 Earnings, Regulation FD, Exhibits
8-K 2020-04-30 Regulation FD
8-K 2020-04-17 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events
8-K 2020-03-30 Enter Agreement, Off-BS Arrangement
8-K 2020-03-29 Enter Agreement, Shareholder Rights, Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2020-03-21 Amendment, Regulation FD
8-K 2020-03-18 Regulation FD, Exhibits
8-K 2020-03-10 Regulation FD, Exhibits
8-K 2020-03-06 Regulation FD
8-K 2020-02-05 Earnings, Regulation FD, Exhibits
8-K 2020-01-30 Regulation FD
8-K 2020-01-15 Regulation FD, Exhibits
8-K 2019-12-20 Enter Agreement
8-K 2019-10-23 Earnings, Regulation FD, Exhibits
8-K 2019-10-15 Regulation FD
8-K 2019-10-10 Regulation FD, Exhibits
8-K 2019-09-23 Officers, Exhibits
8-K 2019-09-06 Regulation FD
8-K 2019-07-24 Earnings, Regulation FD, Exhibits
8-K 2019-07-16 Regulation FD
8-K 2019-07-11 Earnings, Regulation FD, Exhibits
8-K 2019-05-14 Shareholder Vote
8-K 2019-05-07 Regulation FD
8-K 2019-04-24 Earnings, Regulation FD, Exhibits
8-K 2019-04-18 Regulation FD
8-K 2019-04-10 Earnings, Regulation FD, Exhibits
8-K 2019-02-26 Regulation FD
8-K 2019-02-05 Earnings, Regulation FD, Exhibits
8-K 2019-01-29 Regulation FD
8-K 2019-01-16 Earnings, Regulation FD, Exhibits
8-K 2018-11-26 Regulation FD, Exhibits
8-K 2018-10-23 Earnings, Regulation FD, Exhibits
8-K 2018-10-17 Regulation FD
8-K 2018-10-15 Officers, Exhibits
8-K 2018-10-10 Earnings, Regulation FD, Exhibits
8-K 2018-08-28 Regulation FD
8-K 2018-07-25 Earnings, Regulation FD, Exhibits
8-K 2018-07-17 Regulation FD
8-K 2018-07-11 Earnings, Regulation FD, Exhibits
8-K 2018-05-22 Shareholder Vote
8-K 2018-05-15 Other Events
8-K 2018-05-15 Other Events
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-25 Regulation FD, Exhibits
8-K 2018-04-10 Earnings, Regulation FD, Exhibits
8-K 2018-04-02 Enter Agreement, Off-BS Arrangement
8-K 2018-03-06 Regulation FD, Exhibits
8-K 2018-03-01 Regulation FD
8-K 2018-03-01 Regulation FD, Exhibits
8-K 2018-02-06 Earnings, Exhibits
8-K 2018-02-05 Regulation FD, Exhibits
8-K 2018-01-16 Earnings, Regulation FD, Exhibits
8-K 2015-09-10 Regulation FD, Exhibits
8-K 2015-09-04 Regulation FD
8-K 2015-08-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2015-08-10 Regulation FD, Exhibits
8-K 2015-07-28 Enter Agreement, Exhibits
8-K 2015-07-24 Earnings, Exhibits
8-K 2015-07-24 Regulation FD, Exhibits
8-K 2015-07-13 Earnings, Regulation FD, Exhibits
8-K 2015-07-13 Regulation FD, Exhibits
8-K 2015-06-16 Shareholder Vote, Exhibits
8-K 2015-06-08 Regulation FD, Exhibits
8-K 2015-05-11 Regulation FD, Exhibits
8-K 2015-04-28 Earnings, Exhibits
8-K 2015-04-28 Regulation FD, Exhibits
8-K 2015-04-15 Regulation FD, Exhibits
8-K 2015-04-09 Regulation FD, Exhibits
8-K 2015-03-09 Regulation FD, Exhibits
8-K 2015-02-10 Regulation FD, Exhibits
8-K 2015-02-09 Earnings, Exhibits
8-K 2015-02-04 Regulation FD
8-K 2015-01-15 Regulation FD, Exhibits
8-K 2015-01-08 Earnings, Regulation FD, Exhibits

Spirit Airlines Financials

SAVE Metrics, Comps, Filings

Quarterly | Annual

Business

Spirit Airlines, headquartered in Miramar, Florida, offers affordable travel to value-conscious customers. Our all-Airbus fleet is one of the youngest and most fuel efficient in the United States. We currently operate more than 500 daily flights to 72 destinations in 16 countries including the United States and throughout Latin America and the Caribbean. Our stock trades under the symbol "SAVE" on the New York Stock Exchange ("NYSE").

Our ultra low-cost carrier, or ULCC, business model allows us to compete principally by offering customers unbundled base fares that remove components traditionally included in the price of an airline ticket. By offering customers unbundled base fares, we give customers the power to save by paying only for the Á La SmarteTM options they choose, such as checked and carry-on bags, advance seat assignments, priority boarding and refreshments. We record revenue related to these options as non-fare passenger revenue, which is recorded within passenger revenues in our statements of operations.

We were founded in 1964 as Clippert Trucking Company, a Michigan corporation. We began air charter operations in 1990 and renamed ourselves Spirit Airlines, Inc. in 1992. In 1994, we reincorporated in Delaware, and in 1999 we relocated our headquarters to Miramar, Florida.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Azul (AZUL) 25,351 46% 28.4 -3% 2,948 2,157 8,149 3,714 -81 889 25,239
United Continental (UAL) 21,683 58% 4.8 6% 52,611 41,080 43,259 25,181 3,010 6,935 33,548
American Airlines Group (AAL) 12,819 55% 6.1 3% 59,995 60,113 45,768 24,980 1,686 5,331 32,691
Alaska Air Group (ALK) 8,498 59% 5.6 6% 12,993 8,662 8,781 5,152 769 1,517 8,482
Jetblue Airways (JBLU) 5,642 62% 4.9 5% 11,918 7,119 8,093 5,054 569 1,372 6,681
Skywest (SKYW) 2,946 13% 12.5 0% 6,598 4,481 3,032 387 0 451 5,647
Life Time Fitness (LTM) 2,775 9% 11.8 4% 2,729 1,599 1,310 124 111 333 3,942
Spirit Airlines (SAVE) 2,489 0% 6.4 5% 6,575 4,395 3,724 0 346 585 3,757
Allegiant Travel (ALGT) 2,391 0% 8.8 6% 2,834 2,008 1,380 0 172 398 3,496
Air Transport Services (ATSG) 1,508 0% 8.3 4% 2,745 2,264 1,330 0 101 350 2,913
Hawaiian Holdings (HA) 1,251 71% 4.1 4% 4,065 2,998 2,822 2,004 174 356 1,444
Mesa Air (MESA) 241 0% 5.3 3% 1,452 1,026 723 0 48 197 1,051
Air T (AIRT) 42 0% 3.6 7% 143 109 246 0 10 25 91
EHang Holdings (EH)
China Southern Airlines (ZNH) 0% 246,949 168,480 0 0 0 0 -6,909
Ryanair Holdings (RYAAY) 0% 13,251 8,036 0 0 0 0 -35
Avianca Holdings (AVH) 0% 7,119 6,126 0 0 0 0 -265
China Eastern Airlines (CEA) 0% 239,017 177,416 0 0 0 0 -0
Volaris (VLRS) 0% 22,311 13,139 0 0 0 0 -0
Copa Holdings (CPA) 0% 4,087 2,247 0 0 0 0 -0

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash2483513434214153994174835255405315445675886337427697498049031,0148267018188698648018988127741,0051,1221,111936
Accounts Receivable161515252524232533282334
Inventory
PP&E20212325322628303132363838532254425697108441,0491,2391,3901,4651,6051,7901,9832,2382,7792,8182,9063,1163,1553,3623,334
Assets7107227468458708859201,0201,1071,1251,1811,2991,3501,4141,6031,9562,1052,2772,5312,7633,0303,1303,1523,4393,6743,8714,1444,6544,6824,7825,1656,4246,6636,575
Accounts Payable17181625292124182321232522181314221617232830154033312332506339274442
Long-Term Debt000001483314365486597249401,0081,0121,1181,2181,3551,5401,7481,9191,9652,2342,2562,2442,203
Liabilities2952792793543423253374054494014124904744686008861,0231,1281,3051,4851,7311,7851,7572,0102,1662,3002,3672,9352,9482,9483,2374,4464,5684,395
Stockholders' Equity4154434674915275605836156587247698098769451,0031,0691,0821,1491,2251,2781,2991,3451,3951,4281,5081,5711,7771,7201,7341,8341,9291,9782,0952,180
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue2762892743013593423283704354574204384995204744935535755205385846215785927026876677048529048638561,013992
Cost of Revenue
Gross Profit
R&D
SG&A131412141515131618181719212016202223212325262326302928313538364139
Tax917114211911944372522393333404457443643472920463511431163426
Net Income1728242335312031426143386567566977977462738148327860250-451197925611583
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating112228018-92585493922916216812969258103793417415063391718058205136
Cash Investing-9-36-83-14-8-26-8-25-32-77-41-235-144-160-213-156-295-162-159-197-203-233-281-130-140-104-135
Cash Financing076-277170100-017643705416428410298135132207-364416-13