Spirit Airlines, Inc.
0L8U.L
London Stock Exchange0.47
USD
+0.00
- -
Spirit Airlines, Inc.
0L8U.L
(London Stock Exchange)
Recent
price
0.47
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Spirit Airlines, Inc. (0L8U.L) operates as an ultra-low-cost carrier providing scheduled passenger air transportation services; vacation packages; baggage handling for carry-on and checked luggage; online booking platforms; and ancillary services including assigned seating, priority boarding, Wi-Fi access, travel insurance, and loyalty programs such as Free Spirit and Spirit Savers Club. The company utilizes an all-Airbus fleet comprising A319, A320ceo, A320neo, A321ceo, and A321neo aircraft to serve over 60 destinations throughout the United States, the Caribbean, and Latin America, targeting price-conscious leisure and business travelers with its Fit Fleet model emphasizing fuel efficiency and low fares. Founded in 1993 as an air charter operation evolving from a 1964 trucking business and headquartered in Dania Beach, Florida since the opening of its new corporate campus in April 2024, Spirit maintains operations from key hubs including Fort Lauderdale-Hollywood International Airport. In recent developments, the company filed for Chapter 11 bankruptcy in November 2024, emerged in March 2025 after deleveraging $795 million in debt and securing a $350 million equity investment from existing investors, relisted its common stock on NYSE American under symbol FLYY in late April 2025, filed for bankruptcy again in August 2025, obtained court approval in October 2025 for up to $475 million in debtor-in-possession financing including an initial $200 million draw, reached a $150 million settlement with lessor AerCap involving rejection of 27 aircraft leases and future delivery of 30 aircraft, and secured key union agreements in November 2025 to achieve cost savings supporting further restructuring progress.