SAVE

Spirit Airlines, Inc.

SAVE

Market cap $118M

Overview Fund Activity

Delisted

SAVE was delisted on the 15th of November, 2024.

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About: Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.

Employees: 13,167

Industrials Airlines

Financial journalist opinion

Spirit Airlines to cut flight capacity by 25%, eliminate jobs to prioritize ‘strongest markets'

At the start of 2025, roughly 200 Spirit employees were laid off during the airline's early exploration into escaping bankruptcy.

Spirit Airlines to cut flight capacity by 25%, eliminate jobs to prioritize ‘strongest markets'

Spirit Airlines fires back after United CEO wonders if it can survive: ‘Can't stop yapping about us'

United's CEO Scott Kirby has been a vocal critic of the business model of no-frills airlines and has repeatedly questioned their viability.

Spirit Airlines fires back after United CEO wonders if it can survive: ‘Can't stop yapping about us'

Spirit Airlines' Rivals Are Circling Like Sharks

Spirit Airlines' prospects are so dire that a rival carrier explicitly talked about its potential demise when announcing targeted new routes.

Spirit Airlines' Rivals Are Circling Like Sharks

Spirit Airlines files for bankruptcy — second time in a year as turnaround fails

The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March.

Spirit Airlines files for bankruptcy — second time in a year as turnaround fails

Investors Business Daily

Spirit Air Sends An Ominous Warning. Here's Why Most Airline Stocks Rallied.

Spirit Air continues to suffer from adverse market conditions, including weak demand for domestic leisure travel.

Spirit Air Sends An Ominous Warning. Here's Why Most Airline Stocks Rallied.

Spirit Airlines could soon go out of business — months after declaring bankruptcy

Fewer people are booking leisure trips and tough competition from other carriers are making it hard to hit the money targets, the airline said.

Spirit Airlines could soon go out of business — months after declaring bankruptcy

Spirit Airlines CEO Ted Christie quits — just months before he was due to get $3.8M bonus

The transition comes as the Florida-based low-cost carrier continues to grapple with financial woes and ongoing restructuring efforts.

Spirit Airlines CEO Ted Christie quits — just months before he was due to get $3.8M bonus

Spirit Airlines rejects Frontier's ‘insufficient' bid — and expects to exit bankruptcy this quarter

Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.

Spirit Airlines rejects Frontier's ‘insufficient' bid — and expects to exit bankruptcy this quarter

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.

Spirit Airlines lays off 200 workers in cost-cutting move as firm looks to emerge from bankruptcy

Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy

Spirit Airlines was expected to be one of the big travel industry winners after the pandemic. But the no-frills pioneer never found its wings in a changed business and operating landscape.

Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy

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