Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
Company profile
Ticker
SAVE
Exchange
Website
CEO
Mr. Edward M. Christie III
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
TELESP HOLDING CO, TELESP PARTICIPACOES SA
SEC CIK
Corporate docs
Subsidiaries
Spirit Finance • Spirit IP Cayman Ltd • Spirit Loyalty Cayman Ltd ...
IRS number
381747023
SAVE stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
18 Oct 24
8-K
Entry into a Material Definitive Agreement
10 Sep 24
8-K
Spirit Airlines Reports Second Quarter 2024 Results
1 Aug 24
10-Q
2024 Q2
Quarterly report
31 Jul 24
8-K
Regulation FD Disclosure
29 Jul 24
8-K
Results of Operations and Financial Condition
16 Jul 24
8-K
Departure of Directors or Certain Officers
16 Jul 24
8-K
Entry into a Material Definitive Agreement
9 Jul 24
8-K
Spirit Airlines Announces Executive Leadership Updates
1 Jul 24
S-8
Registration of securities for employees
11 Jun 24
Transcripts
SAVE
Earnings call transcript
2024 Q2
1 Aug 24
SAVE
Earnings call transcript
2024 Q1
6 May 24
SAVE
Earnings call transcript
2023 Q4
8 Feb 24
SAVE
Earnings call transcript
2023 Q2
3 Aug 23
SAVE
Earnings call transcript
2023 Q2
3 Aug 23
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
Latest ownership filings
SC 13G
ETF Series Solutions
4 Oct 24
4
RICHARD F WALLMAN
16 Aug 24
4
FREDERICK S CROMER
16 Aug 24
3
RICHARD F WALLMAN
17 Jul 24
3
FREDERICK S CROMER
11 Jul 24
4
Brian J. McMenamy
3 Jul 24
4
Scott Haralson
5 Apr 24
4
Edward M Christie III
5 Apr 24
4
Thomas C Canfield
6 Mar 24
4
Brian J. McMenamy
6 Mar 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 845.37 mm | 845.37 mm | 845.37 mm | 845.37 mm | 845.37 mm | |
Cash burn (monthly) | 46.41 mm | 46.81 mm | 63.21 mm | 50.11 mm | 32.29 mm | |
Cash used (since last report) | 174.28 mm | 175.78 mm | 237.35 mm | 188.17 mm | 121.24 mm | |
Cash remaining | 671.09 mm | 669.59 mm | 608.02 mm | 657.20 mm | 724.14 mm | |
Runway (months of cash) | 14.5 | 14.3 | 9.6 | 13.1 | 22.4 |
Institutional ownership, Q2 2024
35.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 211 |
Opened positions | 43 |
Closed positions | 60 |
Increased positions | 45 |
Reduced positions | 52 |
13F shares | Current |
---|---|
Total value | 138.38 bn |
Total shares | 38.44 mm |
Total puts | 25.64 mm |
Total calls | 5.85 mm |
Total put/call ratio | 4.4 |
Largest owners | Shares | Value |
---|---|---|
BLK BlackRock | 8.13 mm | $29.74 bn |
Vanguard | 8.09 mm | $29.62 bn |
STT State Street | 2.74 mm | $10.02 bn |
Geode Capital Management | 2.48 mm | $9.09 bn |
D. E. Shaw & Co. | 1.98 mm | $7.23 bn |
Dimensional Fund Advisors | 1.25 mm | $4.57 bn |
BK The Bank of New York Mellon Corporation | 1.08 mm | $3.95 bn |
LMR Partners | 1.00 mm | $3.66 bn |
NTRS Northern Trust | 893.97 k | $3.27 bn |
Charles Schwab Investment Management | 856.49 k | $3.13 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Aug 24 | Richard F Wallman | Common Stock | Grant | Acquire A | No | No | 2.65 | 28,513 | 75.56 k | 30,513 |
14 Aug 24 | Frederick S Cromer | Common Stock | Grant | Acquire A | No | No | 2.65 | 188,679 | 500.00 k | 188,679 |
1 Jul 24 | Brian J. McMenamy | Common Stock | Grant | Acquire A | No | No | 3.54 | 77,683 | 275.00 k | 111,756 |
News
Why Spirit Airlines (SAVE) Stock Is Moving
22 Oct 24
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22 Oct 24
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21 Oct 24
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21 Oct 24
12 Industrials Stocks Moving In Monday's Intraday Session
21 Oct 24
Press releases
Top Innovation Stocks Surge: PRSO, SYTA, SAVE, ISPC, GRI, BIVI – Must-Watch Stocks This Week
21 Oct 24
Spirit Airlines Brings on Frankie Muniz to Promote its new #NotInTheMiddle 'Go Comfy' Travel Option
17 Oct 24
Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort Lauderdale
15 Oct 24
Spirit Airlines Unveils its First-Ever PiNK Uniform Collection in Honor of Breast Cancer Awareness Month
1 Oct 24
Spirit Airlines Celebrates Launch of Newly Transformed Guest Experience with 'More Fly' Giveaway
27 Aug 24