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Spirit Airlines reports worsening net and operating losses in 12 months to Sep-08


Spirit reported a net loss of USD42 million in the 12 months ended 30-Sep-08, a worsening from the USD22 million net loss reported in the previous corresponding period. Operating revenue increased 13.4% year-on-year in the period to USD802 million, although operating expenses increased at a faster rate, by 18.1% to USD822 million, resulting in the carrier slipping to an operating loss of USD20 million in the period (comparatively, the LCC reported an operating profit of USD11 million in the 2007 period). [1869 words]

Unlock the following content in this report:


  • Ongoing labour troubles intensify in 2009; furloughs 115 pilots
  • The history
  • Continues to expand network with Caribbean and Latin America focus
  • Ranks in top ten US airlines for international passenger traffic
  • Fleet size reduced in 2008, as capacity growth downwardly revised

Graphs and data:

  • Spirit Airlines revenues and costs: 12 months to 30-Sep-08
  • Spirit Airline's top domestic markets (based on total enplaned passengers at all airports in a city): 12 months to Oct-08
  • Spirit Airlines capacity share by market (seats per week as % of total)
  • Fort Lauderdale Airport capacity breakdown by carrier (seats per week as % of total)
  • Spirit Airlines route map: Feb-09
  • Top ten US Airlines: International Scheduled Enplanements in the ten months to Oct-08
  • Spirit Airlines fleet plans: Feb-09
  • Spirit Airlines fleet plans: Feb-09
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