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Company Directory - Spirit Airlines

Company Details - Spirit Airlines

Spirit Airlines Logo

Spirit Airlines

Website

Miramar, United States

NASDAQ: SAVE 

Spirit Airlines is an ultra-low-cost carrier headquartered in Miramar, Florida. It is known for providing no-frills travel options, focusing on keeping ticket prices low while charging for additional services.

CCI Score

CCI Score: Spirit Airlines

64.56

-0.04%

Latest Event

Spirit Airlines Restructures and Transitions to Private Ownership

On February 20, 2025, Spirit Airlines exited Chapter 11 bankruptcy following federal court approval of its reorganization plan. The airline converted $795 million in debt into equity, secured new investments, and assumed additional debt, leading to a transition from public trading to private ownership controlled by bondholders.

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LEADER

Spirit Airlines is currently rated as a Leader.

+45 to +100 CCI Score
Companies in this range actively lead the fight against authoritarianism by rejecting oppressive practices and championing democratic values. They implement robust policies, engage in transparent governance, and drive initiatives that set the standard for corporate responsibility.

Latest Events

  • Spirit Airlines Restructures and Transitions to Private Ownership Logo
    FEB
    20
    2025

    On February 20, 2025, Spirit Airlines exited Chapter 11 bankruptcy following federal court approval of its reorganization plan. The airline converted $795 million in debt into equity, secured new investments, and assumed additional debt, leading to a transition from public trading to private ownership controlled by bondholders.

  • +0

    Economic and Structural Influence

    April 14

    The restructuring represents a significant financial and operational shift for Spirit Airlines by transitioning to private ownership. However, the article does not indicate that this move supports authoritarian practices or exacerbates oligarchic influence. As such, from an anti-fascist perspective, its impact on authoritarian complicity is neutral.

    Spirit Airlines Restructures for a New Future as a Private Company

  • Spirit Airlines Flight Attendants Approve New Collective Bargaining Agreement Logo
    APR
    13
    2023

    Spirit Airlines announced that its flight attendants, represented by the Association of Flight Attendants-CWA, ratified a new collective bargaining agreement that includes increased pay rates, enhanced scheduling flexibility, and additional benefits.

  • +80

    Labor Relations and Human Rights Practices

    April 14

    The ratification of a new collective bargaining agreement that improves pay, scheduling flexibility, and benefits for flight attendants represents a positive step towards strengthening labor rights and ensuring fair working conditions. This advancement supports workers and counteracts trends of undermining union power, aligning with progressive, anti-authoritarian values.

    Spirit Airlines Flight Attendants Approve New Collective Bargaining Agreement

  • Spirit Airlines Pilots Ratify New Union Contract Logo
    JAN
    10
    2023

    Spirit Airlines pilots approved a new two-year union contract on January 10 that promises a 27% economic gain, amounting to a $463 million pay increase over two years. The agreement, backed by the Air Line Pilots Association, reflects a significant win for worker rights and enhanced bargaining power, particularly in light of the airline's pending acquisition by JetBlue.

  • +80

    Labor Relations and Human Rights Practices

    April 14

    The unanimous ratification of a new union contract for Spirit Airlines pilots represents a substantial progressive step in supporting worker rights and ensuring fair compensation. A 27% economic gain through a $463 million pay increase over two years underscores the company’s commitment to improving labor relations, thereby strengthening the workers' bargaining position amidst broader corporate negotiations.

    Spirit pilots approve new two-year deal with $463m pay gain

Corporate Financials

Revenue
2025
$2.70B
Total Assets
2025
$2.50B
Operating Income
2025
$250.00M
Total Equity
2025
$1.20B

Industries

481111
Scheduled Passenger Air Transportation
481211
Nonscheduled Chartered Passenger Air Transportation
481212
Nonscheduled Chartered Freight Air Transportation