spirit airlines (nasdaq: save) is the ultra-low cost airline of the americas and home of the bare fare. spirit’s fares are unbundled; they simply reflect the cost of taking customers to their destination without any extras. every customer gets frill control: the ability to choose what perks and options they’d like to add to the bare fare, independent of the choices of other passengers. structuring fares this way allows every passenger a chance to fly for less than any other airline. spirit’s fit fleet is one of the youngest flying and is one of the most fuel-efficient in the industry. this innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. spirit currently operates more than 250 daily flights to over 50 destinations within the u.s., latin america, caribbean and canada. for more information, head to spirit.com. media note: spirit aircraft photos and video b-roll are available in the pressroom section of spirit.com at spirit.com
Company profile
Ticker
SAVE
Exchange
Website
CEO
Edward Christie
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Spirit Finance • Spirit IP Cayman Ltd • Spirit Loyalty Cayman Ltd ...
IRS number
381747023
SAVE stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
22 Sep 23
8-K
Regulation FD Disclosure
12 Sep 23
8-K
Other Events
24 Aug 23
8-K
Spirit Airlines Reports Second Quarter 2023 Results
3 Aug 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Other Events
24 Jul 23
8-K
Regulation FD Disclosure
24 Jul 23
8-K
Other Events
23 Jun 23
8-K
Other Events
23 May 23
8-K
Submission of Matters to a Vote of Security Holders
12 May 23
Transcripts
SAVE
Earnings call transcript
2023 Q1
27 Apr 23
SAVE
Earnings call transcript
2022 Q4
7 Feb 23
SAVE
Earnings call transcript
2022 Q3
27 Oct 22
SAVE
Earnings call transcript
2022 Q2
10 Aug 22
SAVE
Earnings call transcript
2022 Q1
5 May 22
SAVE
Earnings call transcript
2021 Q3
28 Oct 21
SAVE
Earnings call transcript
2021 Q2
29 Jul 21
SAVE
Earnings call transcript
2021 Q1
22 Apr 21
SAVE
Earnings call transcript
2020 Q4
11 Feb 21
SAVE
Earnings call transcript
2020 Q3
29 Oct 20
Latest ownership filings
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.23 bn | 1.23 bn | 1.23 bn | 1.23 bn | 1.23 bn | 1.23 bn |
| Cash burn (monthly) | 59.01 mm | 5.20 mm | (no burn) | 42.55 mm | 3.36 mm | 3.76 mm |
| Cash used (since last report) | 166.10 mm | 14.63 mm | n/a | 119.78 mm | 9.44 mm | 10.57 mm |
| Cash remaining | 1.06 bn | 1.22 bn | n/a | 1.11 bn | 1.22 bn | 1.22 bn |
| Runway (months of cash) | 18.0 | 233.8 | n/a | 26.1 | 363.8 | 324.6 |
Institutional ownership, Q2 2023
65.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 222 |
| Opened positions | 45 |
| Closed positions | 41 |
| Increased positions | 52 |
| Reduced positions | 66 |
| 13F shares | Current |
|---|---|
| Total value | 1.21 tn |
| Total shares | 71.17 mm |
| Total puts | 4.99 mm |
| Total calls | 10.66 mm |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 10.32 mm | $177.01 bn |
| BLK Blackrock | 7.92 mm | $135.91 bn |
| FMR | 5.23 mm | $89.72 bn |
| NMR Nomura | 3.32 mm | $56.94 bn |
| Cyrus Capital Partners | 3.13 mm | $53.64 bn |
| Dimensional Fund Advisors | 3.09 mm | $52.95 bn |
| STT State Street | 2.48 mm | $42.63 bn |
| Geode Capital Management | 2.14 mm | $36.77 bn |
| Alliancebernstein | 1.75 mm | $30.02 bn |
| Ancient Art | 1.73 mm | $29.60 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Apr 23 | Haralson Scott | Common Stock | Grant | Acquire A | No | No | 17.58 | 9,283 | 163.20 k | 83,434 |
| 3 Apr 23 | Christie Edward M III | Common Stock | Grant | Acquire A | No | No | 17.58 | 8,603 | 151.24 k | 295,840 |
| 17 Mar 23 | Kevin Blake Vanier | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 2,604 | 0.00 | 25,423 |
| 6 Mar 23 | Christie Edward M III | Common Stock | Grant | Acquire A | No | No | 16.36 | 2,348 | 38.41 k | 287,237 |
| 6 Mar 23 | Brian J. McMenamy | Common Stock | Grant | Acquire A | No | No | 16.36 | 356 | 5.82 k | 16,155 |
News
Spirit Airlines Stock Rises Above The Clouds - Here's What's Happening
21 Sep 23
Carnival's Robust Fares And Booking Curve Signal Promising Horizon, Says Analyst
21 Sep 23
The Latest Analyst Ratings for Spirit Airlines
18 Sep 23
Evercore ISI Group Maintains In-Line on Spirit Airlines, Lowers Price Target to $20
18 Sep 23
Spirit Airlines Lands Milestone Partnership With Liberty University To Expand Pilot Pipeline
14 Sep 23
Press releases
JetBlue Announces Record and Payment Dates for September 2023 Additional Prepayment to Spirit Stockholders
15 Sep 23
JetBlue and Allegiant Announce Divestiture Agreement in Connection with JetBlue's Combination with Spirit
11 Sep 23
Spirit Airlines Launches Round-Up Donation Feature at Booking, Empowering Travelers to Make a Positive Impact on Nonprofits Across the Carrier's Network
5 Sep 23
Spirit Airlines Celebrates 15 Years of Serving Colombia with Anniversary Fares & Free Spirit® Promotion
24 Aug 23
Spirit Airlines Reports Second Quarter 2023 Results
3 Aug 23