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)

7,708

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.

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Executives & Employees

President, Chief Executive Officer & Director

Senior Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Senior Vice President, General Counsel & Secretary

Senior Vice President & Chief Commercial Officer

Senior Vice President & Chief Information Officer

Senior Vice President & Chief Human Resources Officer

Senior Director, Investor Relations

Principal Accounting Officer, Vice President & Controller

Vice President Pricing & Revenue Management

Board of Directors

Former Head-Americas Region & Global Bank Group at Merrill Lynch & Co., Inc. (Inactive)

President, Chief Operating Officer & Director at Tivity Health, Inc.

Strategic Advisor at Pivotal Group, Inc.

President, Chief Executive Officer & Director at Spirit Airlines, Inc.

Chairman & Principal at JSKD Advisors LLC

Executive Vice President-Investments at iStar Acquisition Corp.

Chief Operating Officer at Digital Hands LLC

Former Secretary, Executive Vice President & General Counsel at FedEx Corporation

Director, Chair Elect at Hawaii Visitors & Convention Bureau

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Owners & Shareholders
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Carmignac is an active manager which employs a long-term investment strategy. They invest predominantly in equity with no market-cap restrictions and favors sectors such as raw materials, energy and precious and non-precious metals. Investment themes include consumption in emerging regions, China, Brazil and South Korea. They also invest in US large-cap companies. Carmignac employs a flexible, top-down sector allocation process and emphasizes liquidity. Emerging markets account for a sizeable proportion of their portfolios.

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Carmignac UK is an active manager which aims to provide consistent returns and low volatility for investors. They believe that the PRI and ESG problems are of crucial importance and that companies taking an active approach in considering them become more efficient over the long term by limiting risks and benefiting from growth opportunities.The firm is a bottom-up investor which aims to generate strong performance in their European products and to contribute their expertise to the overall Carmignac asset allocation strategy.Carmignac UK seeks to utilize their experience in long-short management to perform in all market conditions. They aim to identify long-term trends in the world economy, such as technology, emerging markets and commodities, and find the best way to invest in them. Such macro views are very long-term themes and Carmignac has developed hedging strategies to help manage directional market risk, resulting in performance combined with risk management and transparency, the latter of which they bolster by communicating regularly with investors.

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Scout Investments offers an array of investment strategies listed below, as well as customized strategies and socially responsible portfolios. Their equity strategies include: International Equity, International Equity ADR, Mid Cap Equity, and Small Cap Equity. The firm's fixed income strategies include: Core Fixed Income, Core Plus Fixed Income, Intermediate Fixed Income, Long Duration Fixed Income, Low Duration Fixed Income, Ultra Low Duration Fixed Income, and Unconstrained Fixed Income. Scout Investments provides fixed income strategies through their Reams Asset Management division.

Recent Transactions
Details Hidden

Spirit Airlines, Inc. issued Common Stock

Details Hidden

Spirit Airlines, Inc. issued Common Stock

Details Hidden

Spirit Airlines, Inc. issued Common Stock

Insider Transactions
Details Hidden
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Transaction Advisors
Underwriter

Advised onSpirit Airlines, Inc. issued Common Stock

Underwriter

Advised onSpirit Airlines, Inc. issued Common Stock

Underwriter

Advised onSpirit Airlines, Inc. issued Common Stock

Managing Director

Advised onSpirit Airlines, Inc. issued Common Stock

Managing Director

Advised onSpirit Airlines, Inc. issued Common Stock

Underwriter

Advised onSpirit Airlines, Inc. issued Common Stock

Advisors & Consultants
Legal Advisor

Member (Attorney) at LeClairRyan

Legal Advisor

Partner at Cooley LLP

Advisor

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

Key Stats and Financials As of 2018
Market Capitalization
$2.31B
Total Enterprise Value
$5.04B
Earnings Per Share
$2.28
Revenue
$3.32B
Debt TEV
0.43x
Enterprise Value EBITDAOperating
8.06x
Enterprise Value Sales
1.52x
EBITDAMargin
18.84%
Net Profit
$156M
Total Debt
$2.19B
Total Equity
$1.93B
EBITDA
$626M
TEVNet Income
32.39x
Three Year Compounded Annual Growth Rate Of Revenue
15.77%
Five Year Compounded Annual Growth Rate Of Revenue
14.97%
Non-Profit Donations & Grants
Political Donations
$500
2006
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.

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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 focuses on investments in the global airlines sector

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. 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.

United Technologies Corporation Appliances & Electronics | Farmington, CT

United Technologies (UTC) is a diversified company that provides a broad range of high-technology products and services to the global aerospace and building systems industries. Our commercial businesses are Otis elevators and escalators and UTC Climate, Controls & Security, a leading provider of heating, ventilation, air conditioning, fire and security systems, building automation and controls. Our aerospace businesses are Sikorsky aircraft and the new UTC Propulsion & Aerospace Systems, which includes Pratt & Whitney aircraft engines and UTC Aerospace Systems aerospace products. The company also operates a central research organization that pursues technologies for improving the performance, energy efficiency and cost of UTC products and processes.

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 Report™

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 following segments: Airline, Refinery. 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.

United Airlines Holdings, Inc. Airlines - Chicago, IL

United Continental holdings inc United is the world’s leading airline and is focused on being the airline customers want to fly, the airline employees want to work for and the airline shareholders want to invest in. Highlights of United Airlines include: World’s most comprehensive global route network, including world-class international gateways to Asia and Australia, Europe, Latin America, Africa and the Middle East with non-stop or one-stop service from virtually anywhere in the United States A modern fleet which is the most fuel efficient (when adjusted for cabin size), and the best current aircraft order book among U.S. network carriers Industry-leading loyalty program that provides more opportunities to earn and redeem miles worldwide Optimal hub locations in 10 cities, including hubs in the four largest cities in the United States Rated the world’s most admired airline on FORTUNE magazine’s 2012 airline-industry list of the World’s Most Admired Companies

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