Spirit Airlines, Inc.

Spirit Airlines, Inc.

Spirit Airlines, Inc.

Overview
Date Founded

1994

Headquarters

2800 EXECUTIVE WAY, MIRAMAR, FL, 33025

Type of Company

Public

Employees (Worldwide)

8,938

Industries

Airlines
Other Transportation
Shipping & Delivery

Company Description

Spirit Airlines empowers customers to save money on air travel by offering ultra low base fares with a range of optional services for a fee, allowing customers the freedom to choose only the extras they value. This innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. Spirit's modern fleet, configuration and other innovations enable Spirit to burn less fuel per seat than competitors, making Spirit the most environmentally-friendly U.S. carrier. Spirit’s all-Airbus fleet currently operates flights throughout the U.S., Latin America and Caribbean.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Senior Vice President & Chief Financial Officer

Chief Operating Officer & Executive Vice President

Senior Vice President, General Counsel & Secretary

Chief Marketing Officer & Senior Vice President

Executive Vice President & Chief Commercial Officer

Senior Vice President & Chief Information Officer

Chief Human Resource Officer & Senior Vice President

Senior Director, Investor Relations

Principal Accounting Officer, Vice President & Controller

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Spirit Airlines, Inc.
Owners & Shareholders
Details Hidden

PCM seeks to maximize after-tax capital appreciation by assuming high levels of risk in an aggressively managed portfolio of securities. There are no restrictions on the type of instruments in which they may invest, although PCM invests primarily in publicly traded equity securities, as well as options, warrants, and swaps related to equity securities. The firm makes investment decisions on the basis of fundamental security analysis which is premised on research into the capital structure, financial statements and management of a company. Portfolio managers conduct such research by reference to, among other things, regulatory filings by issuers, data provided by regulatory agencies, discussions and meetings with executives and industry experts, periodicals and on-line news sources, third-party research and independent data providers. After the research, portfolio managers will form the basis for investment decisions through the judgments about the financial strength, valuation and outlook of a company.

Details Hidden

Quaker Capital Investments employs an opportunistic value-oriented discipline in managing equity portfolios and hedge funds. They believe optimal long-term results can be achieved by pursuing the best risk reward opportunities in the marketplace.Quaker screens the universe of domestic securities and ADRs to identify potential portfolio companies. These companies are likely to have low multiples of cash flow, low PEG (P/E to growth rate) ratios or low price to private transaction values. Discipline requires that a stock trade at a minimum 50% discount to Quaker's estimate of long term 'intrinsic' value for the company. Stocks at the greatest discount to intrinsic value with minimal downside risk, that posse a catalyst to drive the stock to intrinsic value, become candidates for portfolios. The firm attempts to minimize over-diversification which may dilute performance.Quaker invests in a limited amount of private equity within their hedge funds. Future private equity investments are generally restricted to those ideas which develop from their public company research. These transactions could include PIPEs for the purpose of providing growth/acquisition capital or balance sheet restructuring capital to public companies. They also consider providing equity capital to facilitate the privatization of a public company or a division of a public company.

Details Hidden

Equitec Specialists LLC, part of Equitec Group LLC, is an American company located in Chicago, IL, that provides security brokerage services.

Recent Transactions
Details Hidden

Spirit Airlines, Inc. issued USD Common Stock

Details Hidden

Spirit Airlines, Inc. issued USD Common Stock

Details Hidden

Spirit Airlines, Inc. issued USD Common Stock

Transaction Advisors
Underwriter

Advised onSpirit Airlines, Inc. issued USD Common Stock

Underwriter

Advised onSpirit Airlines, Inc. issued USD Common Stock

Underwriter

Advised onSpirit Airlines, Inc. issued USD Common Stock

Managing Director

Advised onSpirit Airlines, Inc. issued USD Common Stock

Managing Director

Advised onSpirit Airlines, Inc. issued USD Common Stock

Underwriter

Advised onSpirit Airlines, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Member (Attorney) at LeClairRyan

Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Advisor

Former Vice President-Network Planning at Spirit Airlines, Inc.

Clients

STRENGTHENING THE COMMUNITY THROUGH QUALITY SERVICES TO CHILDREN & FAMILIES PROVISION OF SERVICES DESIGNED TO CREATE SAFE ENVIRONMENTS AND SUPPORTIVE COMMUNITIES OFFERING YOUTH OPPORTUNITIES AND HOPE, AND PROVIDING THEM WITH THE CONFIDENCE, CARE AND SKILLS NEEDED TO LEAD A HAPPY AND FULFILLING LIFE.

Key Stats and Financials As of 2019
Market Capitalization
$1.42B
Total Enterprise Value
$5.24B
Earnings Per Share
$4.89
Revenue
$3.83B
Net Profit
$335M
EBITDA
$744M
EBITDAMargin
19.43%
Total Debt
$3.56B
Total Equity
$2.26B
Three Year Compounded Annual Growth Rate Of Revenue
18.16%
Debt TEV
0.68x
TEVNet Income
15.62x
Enterprise Value EBITDAOperating
5.24x
Enterprise Value / Sales
1.37x
Non-Profit Donations & Grants
$1,000 - $4,999
2018
$1,000 - $2,499
2017
$1,000 - $2,499
2016
Political Donations
Investors
Details Hidden

Oaktree is an active manager, which focuses on middle market companies located globally. The firm invests in a broad range of sectors and industries. Oaktree makes control investments.

Details Hidden

GS Capital Partners seeks long-term capital appreciation by committing equity to high-quality companies with superior management in a variety of situations, including LBOs, recapitalizations, and growth investments to fund acquisition or expansion.The firm invests across a range of industries in different forms of private equity instruments. Individual transactions vary considerably by industry, overall capital structure, geography, currency, stage of development, size and exit strategy.

Details Hidden

Indigo Partners invests in companies located across the globe. The firm targets companies operating in the fields of air transportation and related industries. It provides financing for buyout transactions.

Suppliers
Travelzoo Inc. Other Business & Consulting Services | New York, New York

Travelzoo operates as a global media commerce company that engages in the provision of information to subscribers and website users about travel, entertainment and local deals available from various companies. Its publications and products include the Travelzoo website (travelzoo.com); the Travelzoo iPhone and Android apps; the Travelzoo Top 20 e-mail newsletter; and the Newsflash e-mail alert service. The company operates through the following geographical segments: Asia Pacific, Europe and North America. Travelzoo was founded by Ralph Bartel on May 21, 1998 and is headquartered in New York, NY.

Air Lease Corp. Other Transportation | Los Angeles, CA

Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F. Udvar-Hazy in January 2010 and is headquartered in Los Angeles, CA.

World Fuel Services Corp. Industrial Machinery & Manufacturing | Miami, FL

World Fuel Services Corp. engages in the distribution of fuel and related products and services in the aviation, marine, and land transportation industries. It operates through the following segments: Aviation, Land, and Marine. The Aviation segment supply fuel and service solutions to commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, and private aircraft. The Land segment offers fuel, heating oil, propane, natural gas, lubricants, and related products and services to petroleum distributors operating in the land transportation market, retail petroleum operators, and industrial, commercial, residential, and government customers. The Marine segment markets its products and services to marine customers, including international container and tanker fleets, commercial cruise lines, yachts and time-charter operators, U.S. and foreign governments, and other fuel suppliers. Its solutions include oil and energy procurement, distribution and storage, operations support, financial, consulting, and technology services. The company was founded in July 1984 and is headquartered in Miami, FL.

Competitors
Southwest Airlines Co. Airlines - Dallas, TX

With 41 years of service, Southwest Airlines Co. (Southwest), a low-fare major domestic airline, continues to differentiate itself from other low-fare carriers, offering a reliable product with exemplary Customer Service. Southwest was incorporated in Texas and commenced Customer Service on June 18, 1971 with three Boeing 737 aircraft serving three Texas cities - Dallas, Houston, and San Antonio. Today, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded serving 78 destinations in 39 states and the District of Columbia. On May 2, 2011, Southwest completed the acquisition of AirTran Holdings, Inc., and now operates AirTran Airways as a wholly owned subsidiary. Southwest has among the lowest cost structures in the domestic airline industry, consistently offers the lowest and simplest fares, and has one of the best overall Customer Service records. LUV is our stock exchange symbol, selected to represent our home at Dallas Love Field, as well as the theme of our Employee and Customer relationships. Southwest is one of the most honored airlines in the world known for its commitment to the triple bottom line of Performance, People, and Planet. To read more about how Southwest is doing its part to be a good citizen, click on the tab above to read the Southwest Airlines 2011 One Reportâ„¢

American Airlines Group, Inc. Airlines - Fort Worth, TX

American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific. The company was founded on December 9, 2013 and is headquartered in Fort Worth, TX.

Delta Air Lines, Inc. Airlines - Atlanta, Georgia

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.

Awards & Honors
Rank #933
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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