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Spirit Airlines's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Spirit is an airlines company that owns and operates a chain of scheduled flights for personal and cargo transportations... Read more

Based on data from Spirit Airlines's latest SEC filings

Annual Revenue

Based on data from Spirit Airlines's latest SEC filings

Employees

Ted Christie's photo - CEO of Spirit Airlines

CEO

Ted Christie

CEO Approval Rating

73/100

OVERVIEW

Founded:

1980

Headquarters:

MiramarFlorida

Status:

PublicNASDAQSAVE

Industry Sector:

Airlines

SIC Code:

3721NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is United Airlines a competitor of Spirit Airlines?

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Trending News for Spirit Airlines and Spirit Airlines's Competitors

March 27, 2020

NewsOk

Southwest looks to avoid layoffs, Fitch sees US credit risks

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as i... See more »

March 27, 2020

Business Insider

American Airlines flight attendant dies of COVID-19, highlighting risks that airline workers have faced while helping get passengers home (AAL)

Nick Oxford/ReutersAn American Airlines flight attendant has died of COVID-19, the illness caused by ... See more »

March 27, 2020

MarketScreener

JetBlue Airways : Statement from JetBlue CEO Robin Hayes on the Coronavirus Aid, Relief and Economic Security (CARES) Act

(marketscreener.com) JetBlue CEO Robin Hayes today issued the following statement: "JetBlue applauds ... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Southwest Airlines is Spirit Airlines's top competitor. Southwest Airlines is a Public company that was founded in Dallas, Texas in 1967. Southwest Airlines operates in the Airlines industry. Southwest Airlines has 53,690 more employees vs. Spirit Airlines.

American Airlines has been one of Spirit Airlines's top competitors. American Airlines is headquartered in Fort Worth, Texas, and was founded in 1930. American Airlines is in the Airlines field. American Airlines generates 344% the revenue of Spirit Airlines.

Delta is perceived as one of Spirit Airlines's biggest rivals. Delta was founded in 1924 in Atlanta, Georgia. Delta competes in the Airlines field. Delta generates $33.7B more revenue than Spirit Airlines.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Ted Christie

CEO

- -
7,110
$415.2M
$13.3B
1

Gary C. Kelly

Chairman & CEO

81/100
58,800
$7.7M
$22.4B
2

Doug Parker

Chairman & CEO

76/100
128,900
$2B
$272.9B
3

Edward Bastian

CEO

94/100
86,564
$2.6B
$47B
4

Oscar Munoz

CEO

82/100
92,000
$500M
$43.3B
5

Robin Hayes

CEO

78/100
15,643
$158.4M
$8.1B
6

Barry L. Biffle

President & CEO

67/100
5,100
- -
$3B
7

Jude Bricker

President & CEO

64/100
800
- -
$600M
8

Bradley D. Tilden

Chairman & CEO

79/100
23,376
- -
$353M
9

Maurice J. Gallagher

Chairman & CEO

78/100
3,901
$90M
$1.8B
10

Tony Douglas

CEO

63/100
24,558
- -
$5.9B
The top 10 competitors in Spirit Airlines' competitive set are Southwest Airlines, American Airlines, Delta, United Airlines, JetBlue, Frontier Airlines, Sun Country, Alaska Airlines, Allegiant Air and Etihad. Together they have raised over 5.4B between their estimated 462.2K employees. Spirit Airlines has 7,110 employees and is ranked 8th among it's top 10 competitors. The top 10 competitors average 40,613.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$13.3B

Spirit Airlines's revenue is the ranked 5th among it's top 10 competitors. The top 10 competitors average 38.1B. Over the last four quarters, Spirit Airlines's revenue has grown by 1234.8%. Specifically, in Q4 2019's revenue was $11.4B; in Q3 2019, it was $992M; in Q2 2019, it was $18.5M; in Q1 2019, Spirit Airlines's revenue was $855.8M.

Acquisitions

No recent acquisitions found related to Spirit Airlines

Spirit Airlines Funding History

Since Spirit Airlines was founded in 1980, it has participated in 2 rounds of funding. In total Spirit Airlines has raised $415.2M. Spirit Airlines' last funding round was on May 2011 for a total of $187.2M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
May 2011
$187.2M

Debt
Apr 2017
$228M

BNP Paribas

Total Funding: $415.2M

Since Spirit Airlines was founded in 1980, it has participated in 2 rounds of funding. In total Spirit Airlines has raised $415.2M. Spirit Airlines' last funding round was on May 2011 for a total of $187.2M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Orbitz enables business travelers to search for, plan and book a range of travel products and services.
$50M
Jun 14, 2001
Series B
Feb 01, 2015

Spirit Airlines News

March 19, 2020Flight Global

Spirit reduces April and May capacity by 20%

Spirit Airlines will cut its April capacity by 20% and its May capacity by 25% and reduce executive s... See more »
March 18, 2020The Points Guy

Allegiant, JetBlue and Spirit Airlines latest US carriers to cut flights and CEO pay

Allegiant Air, JetBlue Airways and Spirit Airlines are slashing schedules even further amid plummetin... See more »
March 18, 2020Seeking Alpha

Poised To Rebound After COVID-19

See more »
March 12, 2020Business Insider

Spirit scrambled, but failed, to stop an email to customers urging them to 'book a trip today' amid coronavirus pandemic

AP Photo/Keith SrakocicSpirit Airlines emailed customers on Thursday an alert on travel deals with th... See more »
March 11, 2020The Business Journals: South Florida

'We will be able to manage through this'

The carrier's leader says Spirit's low-cost model makes it well-positioned for any downturn airlines ... See more »
March 10, 2020Reuters

U.S. airlines ditch 2020 outlook on coronavirus effect

American Airlines Inc and smaller peer Spirit Airlines both suspended their 2020 financial results gu... See more »
March 10, 2020Seeking Alpha

High Risk, High Reward

See more »

Spirit Airlines Press Releases

February 5, 2020GlobeNewswire

Spirit Airlines Reports Fourth Quarter and Full Year 2019 Results

MIRAMAR, Fla., Feb. 05, 2020 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NYSE: SAVE) today reported fo... See more »
January 10, 2020Travel PR News

Spirit Airlines celebrates groundbreaking of its new corporate headquarters in Dania Beach, Florida

Spirit to add 225 more jobs and move 1,000 Miramar-based employees to the new campus in Dania Beach, ... See more »
January 1, 2020Runway Girl Network

Spirit continues to make strides in recovering tarnished reputation

As Spirit Airlines continues to rehabilitate both its public image and aircraft interiors, it is quie... See more »
November 15, 2019Travel PR News

Indy Airport welcomes Allegiant and Spirit inaugural flights to Tucson, Fort Myers and Tampa

Allegiant and Spirit inaugural flights take off to Tucson, Fort Myers and Tampa INDIANAPOLIS, IN, 201... See more »
October 14, 2019StreetInsider

Spirit Airlines Selects TRAX eMobility Apps

MIAMI, Oct. 14, 2019 /PRNewswire/ -- Spirit Airlines has now joined the many TRAX customers going mob... See more »
October 13, 2019Runway Girl Network

Spirit working to address technical glitches slowing its IFC rollout

Spirit Airlines snatched the #PaxEx headlines at the APEX EXPO with the unveiling of its new Acro Ser... See more »
September 9, 2019Runway Girl Network

Spirit reups with new Acro seats, proposes replacing pitch measurement

US ultra-low-cost carrier Spirit Airlines is introducing Acro Series 6LC slimline seats in its econom... See more »

Spirit Airlines Videos

October 2, 2018Spirit Airlines Vimeo Channel

"I Am Me, I Am Spirit" on VIMEO

Cast: Spirit Airlines... See more »
September 30, 2018Spirit Airlines Vimeo Channel

"Spirit Music4Miles" on VIMEO

With the #Music4Miles program, Spirit will help take your band from local legend to nationwide headli... See more »
May 10, 2018Spirit Airlines Vimeo Channel

"Our Pledge To Our Guests" on VIMEO

We believe flying for as little money as possible is only half of our promise. So, we pledge to keep ... See more »
November 6, 2017Spirit Airlines Youtube Channel

"Airport Concert with the Filharmonic" on YOUTUBE

See more »
November 6, 2017Spirit Airlines Youtube Channel

"Spirit Super Fan" on YOUTUBE

See more »
November 6, 2017Spirit Airlines Youtube Channel

"Relief flight to St. Maarten" on YOUTUBE

See more »
November 6, 2017Spirit Airlines Youtube Channel

"Spirit Airlines: Puerto Rico Relief Efforts" on YOUTUBE

See more »

Social Statistics

Headquarters

2800 Executive Way

Miramar, Florida33025

1-954-447-7920

Driving Directions »

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Summary

ABOUT

Overview

Spirit is an airlines company that owns and operates a chain of scheduled flights for personal and cargo transportations. Spirit Airlines was founded in 1980. Spirit Airlines' headquarters is located in Miramar, Florida, USA 33025. It has raised 415.2...

CEO

Spirit Airlines's CEO, Ted Christie, currently has an approval rating of 73%. Spirit Airlines's primary competitors are Southwest Airlines, American Airlines & Delta.

Website

spirit.com

Frequently Asked Questions about Spirit Airlines

  1. When was Spirit Airlines founded?

    Spirit Airlines was founded in 1980

  2. Who is Spirit Airlines's CEO?

    Spirit Airlines's CEO is Ted Christie

  3. How much revenue does Spirit Airlines generate?

    Spirit Airlines generates $13.3B in revenue

  4. How much funding does Spirit Airlines have?

    Spirit Airlines has historically raised $415.2M in funding

  5. Where is Spirit Airlines's headquarters?

    Spirit Airlines's headquarters is in Miramar Florida, USA

  1. How many employees does Spirit Airlines have?

    Spirit Airlines has 7,110 employees

  2. What sector does Spirit Airlines operate in?

    Spirit Airlines is in Airlines

  3. Who are Spirit Airlines's competitors?

    Spirit Airlines's top competitors are Southwest Airlines, American Airlines, Delta

  4. Who has Spirit Airlines invested in?

    Spirit Airlines's has invested in companies such as Orbitz
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