FLYYQOTCAir Transportation, ScheduledUS GAAP · USD

Spirit Aviation Holdings, Inc.

Spirit Aviation Holdings, Inc. is a U.S.-based airline holding company that operates Spirit and its consolidated subsidiaries, serving scheduled passenger routes across the United States, Latin America, and the Caribbean. Its business centers on low-fare air transportation supported by an all-Airbus fleet and an ancillary-heavy fare structure with multiple travel options and loyalty offerings.

Kysy yhtiöstä
Nettotulos−2,8milj. USD
−124,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2 00002 0004 0006 000milj. USD2020: 1 810 milj. USD2020: EBIT −508 milj. USD20202021: 3 231 milj. USD2021: EBIT −57 milj. USD20212022: 5 068 milj. USD2022: EBIT −599 milj. USD20222023: 5 363 milj. USD2023: EBIT −496 milj. USD20232024: 4 913 milj. USD2024: EBIT −1 105 milj. USD20242025
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Scheduled passenger air transportation70 %

Domestic and international airline seats sold on scheduled routes.

Ancillary services20 %

Fees and add-ons such as bags, seats, and other à la carte items.

Premium travel options7 %

Higher-fare cabin products including Spirit First and Premium Economy.

Loyalty and partner-related revenue3 %

Points, card-linked benefits, and related program activity.

Tuotteet

Raportoitu · osuus liikevaihdosta
97,9%FY2024100 %
  • Products and Services Passenger97,9 %
  • Other2,1 %

Lähde: 10-K FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Spirit primarily sells to price-sensitive leisure travelers who want low base fares with optional add-ons. It also serves travelers willing to pay more for extra legroom, priority boarding, and bundled benefits through its premium travel options and loyalty program. The business depends on passengers booking point-to-point flights in markets where low fares and ancillary choices are attractive.

Price-sensitive leisure travelers

Buy low-fare seats on scheduled routes and add services selectively.

Ancillary-focused passengers

Buy bags, seat assignments, boarding priority, and other add-ons.

Premium leisure travelers

Buy Spirit First or Premium Economy for more comfort and bundled benefits.

Loyalty program members

Redeem points and use status or card-linked travel benefits.

Strategia

Spirit is focused on increasing unit revenue by selling higher-fare premium leisure products while preserving the low-fare brand. It is also re-aligning capacity toward markets where demand and competition are more favorable, and it is enhancing the customer proposition through cabin upgrades, loyalty changes, and bundled benefits.

Increase unit revenueLyhyt aikaväli

Higher fares and stronger ancillary sales improve revenue per available seat mile.

Re-align network capacityKeskipitkä aikaväli

Matching supply to demand supports pricing and operational reliability.

Enhance customer propositionKeskipitkä aikaväli

Better cabins and loyalty benefits can support repeat bookings and pricing power.

Maantiede

2024

Spirit’s network spans the United States, Latin America, and the Caribbean, with operations centered on scheduled point-to-point leisure markets. Its route structure makes geography important because demand, competition, and airport economics vary significantly by market, and the company targets routes where capacity and demand are better aligned.

USA100 %

Riskit

Spirit faces airline-industry risks tied to fare competition, excess capacity, fuel, labor, and airport cost inflation. Company-specific risks include the effects of its recent Chapter 11 process, potential customer and supplier relationship disruption, and the challenge of executing a capacity-reduction strategy without losing market share or pricing power.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Chapter 11-related relationship risk1Fare and capacity competition2Fuel and operating cost inflation3Labor and contract execution risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Chapter 11-related relationship riskVaikutus: KorkeaTodennäköisyys: Korkea

    Bankruptcy history can weaken ties with customers, employees, lessors, and vendors.

    KohdistuuBrandLaborSupplierFinancing relationships
  2. Fare and capacity competitionVaikutus: KorkeaTodennäköisyys: Korkea

    Airlines compete route by route on price, schedules, and amenities.

    Kohdistuu: Domestic and leisure routes

  3. Fuel and operating cost inflationVaikutus: KorkeaTodennäköisyys: Korkea

    Jet fuel, wages, and airport charges can rise faster than ticket yields.

    Kohdistuu: Operating margins and cash flow

  4. Labor and contract execution riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Airlines depend on key employees and third-party contracts to operate reliably.

    KohdistuuCrewMaintenanceAirportVendor relationships
  5. Unit cost dilution from capacity reductionVaikutus: Keskitaso

    Lower flying levels can spread fixed costs over fewer ASMs.

    Kohdistuu: Network and fleet utilization

Kirjanpito

Harkinnanvaraiset erät
Air traffic liability

Tickets sold before travel are deferred until the flight is flown, affecting revenue timing and seasonality.

Vaikutus: Reported revenue can lag cash collections

Ancillary revenue recognition

Bags, seats, and upgrades may be recognized at different points depending on service delivery.

Vaikutus: Mix changes can shift quarterly revenue patterns

Lease accounting and fresh-start fair values

Aircraft leases, ROU assets, and debt were remeasured in fresh-start accounting.

Vaikutus: Affects asset bases, depreciation, and lease expense

NOL limitation

Bankruptcy can restrict use of tax loss carryforwards.

Vaikutus: May reduce future tax asset value

Restricted cash and letters of credit

Collateralized credit lines and standby letters of credit reduce financial flexibility.

Vaikutus: Impacts liquidity analysis and covenant-style monitoring

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Päivitetty: 24.9.2026