Spirit Airlines Management

Management criteria checks 2/4

Spirit Airlines' CEO is Ted Christie, appointed in Jan 2018, has a tenure of 6.83 years. total yearly compensation is $6.60M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $155.61K. The average tenure of the management team and the board of directors is 4.8 years and 7.8 years respectively.

Key information

Ted Christie

Chief executive officer

US$6.6m

Total compensation

CEO salary percentage	11.3%
CEO tenure	6.8yrs
CEO ownership	0.2%
Management average tenure	4.8yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ted Christie's remuneration changed compared to Spirit Airlines's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$827m
Jun 30 2024	n/a	n/a	-US$677m
Mar 31 2024	n/a	n/a	-US$486m
Dec 31 2023	US$7m	US$746k	-US$447m
Sep 30 2023	n/a	n/a	-US$534m
Jun 30 2023	n/a	n/a	-US$413m
Mar 31 2023	n/a	n/a	-US$463m
Dec 31 2022	US$3m	US$700k	-US$554m
Sep 30 2022	n/a	n/a	-US$371m
Jun 30 2022	n/a	n/a	-US$319m
Mar 31 2022	n/a	n/a	-US$555m
Dec 31 2021	US$4m	US$700k	-US$473m
Sep 30 2021	n/a	n/a	-US$543m
Jun 30 2021	n/a	n/a	-US$657m
Mar 31 2021	n/a	n/a	-US$513m
Dec 31 2020	US$3m	US$639k	-US$429m
Sep 30 2020	n/a	n/a	-US$190m
Jun 30 2020	n/a	n/a	-US$8m
Mar 31 2020	n/a	n/a	US$251m
Dec 31 2019	US$3m	US$700k	US$335m
Sep 30 2019	n/a	n/a	US$346m
Jun 30 2019	n/a	n/a	US$360m
Mar 31 2019	n/a	n/a	US$257m
Dec 31 2018	US$6m	US$544k	US$156m
Sep 30 2018	n/a	n/a	US$311m
Jun 30 2018	n/a	n/a	US$273m
Mar 31 2018	n/a	n/a	US$339m
Dec 31 2017	US$1m	US$396k	US$416m

Compensation vs Market: Ted's total compensation ($USD6.60M) is above average for companies of similar size in the UK market ($USD353.74K).

Compensation vs Earnings: Ted's compensation has increased whilst the company is unprofitable.

CEO

Ted Christie (53 yo)

6.8yrs

Tenure

US$6,601,404

Compensation

Mr. Edward M. Christie, III, also known as Ted, serves as Director of Encompass Health Corporation from November 2023. Mr. Christie has been President at Spirit Airlines, Inc. since January 2018. He has be...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Edward Christie	President	6.8yrs	US$6.60m	0.21% $ 155.6k
John Bendoraitis	Executive VP & COO	11.1yrs	US$3.10m	0.069% $ 50.9k
Rocky Wiggins	Senior VP & Chief Information Officer	8.2yrs	US$2.21m	0.031% $ 22.9k
Matthew Klein	Executive VP & Chief Commercial Officer	8.3yrs	US$2.88m	0.063% $ 46.6k
Frederick Cromer	Executive VP & CFO	less than a year	no data	no data
Griselle Molina	VP, Controller & Principal Accounting Officer	less than a year	no data	no data
DeAnne Gabel	Senior Director of Investor Relations	no data	no data	no data
Thomas Canfield	Senior VP	17.1yrs	US$1.36m	0.071% $ 52.7k
Melinda Grindle	Senior VP & Chief Human Resources Officer	2.8yrs	US$1.53m	0.014% $ 10.2k
Rana Ghosh	Senior VP & Chief Transformation Officer	no data	no data	no data
Dana Shapir Alviene	Senior Vice President of Inflight and Airport Experience	less than a year	no data	no data
Boris Rogoff	Senior Vice President of Tech Ops & Supply Chain	less than a year	no data	no data

4.8yrs

Average Tenure

56yo

Average Age

Experienced Management: 0L8U's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward Christie	President	6.8yrs	US$6.60m	0.21% $ 155.6k
Barclay Jones	Independent Director	18.8yrs	US$217.49k	0.027% $ 20.1k
Richard Wallman	Director	less than a year	no data	0.0018% $ 1.4k
Mark Dunkerley	Independent Director	5.2yrs	US$210.99k	0.018% $ 13.7k
H. Gardner	Independent Non-Executive Chairman	14.3yrs	US$299.98k	0.042% $ 31.4k
Christine Richards	Independent Director	5.2yrs	US$202.49k	0.028% $ 20.5k
Myrna Soto	Independent Director	8.7yrs	US$202.49k	0.0097% $ 7.2k
Robert Johnson	Independent Director	14.3yrs	US$222.49k	0.023% $ 16.8k

7.8yrs

Average Tenure

63yo

Average Age

Experienced Board: 0L8U's board of directors are considered experienced (7.8 years average tenure).

Spirit Airlines Management

Management criteria checks 2/4

Key information

Recent management updates

Spirit Airlines, Inc Appoints Richard F. Wallman as Member of Board of Director

Spirit Airlines Announces Executive Changes

Spirit Airlines Announces CFO Changes, Effective June 14, 2024

Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024

Insufficient new directors

Spirit Airlines, Inc. Announces Executive Changes

Recent updates

Affiliate Companies Joined Spirit Airlines, Inc. Bankruptcy

Spirit Airlines, Inc.(OTCPK:SAVE.Q) dropped from S&P Global BMI Index

The New York Stock Exchange to Commence Delisting Proceedings against Spirit Airlines

Spirit Airlines, Inc. Filed for Bankruptcy

Spirit Airlines, Inc. announced delayed 10-Q filing

Spirit Airlines, Inc. Provides Operating Guidance for the Third Quarter and Fourth Quarter of 2024 and Full Year 2025

Frontier Airlines, Spirit Airlines Reportedly Revive Merger Talks

Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort Lauderdale

New minor risk - Profitability

Second quarter 2024 earnings released: US$1.76 loss per share (vs US$0.022 loss in 2Q 2023)

Spirit Airlines, Inc. to Report Q2, 2024 Results on Aug 01, 2024

Spirit Airlines, Inc Appoints Richard F. Wallman as Member of Board of Director

Spirit Airlines Announces Executive Changes

Spirit Airlines, Inc. Announces Bringing Affordable Air Service to BHM Beginning October 10, 2024

Spirit Airlines Announces CFO Changes, Effective June 14, 2024

First quarter 2024 earnings released: US$1.30 loss per share (vs US$0.95 loss in 1Q 2023)

Spirit Airlines, Inc., Annual General Meeting, Jun 07, 2024

Insufficient new directors

JetBlue Airways Corporation (NasdaqGS:JBLU) cancelled the acquisition of Spirit Airlines, Inc. (NYSE:SAVE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), TIG Advisors, LLC, Fidelity Management & Research Company LLC and others.

Spirit Airlines, Inc. Provides Earnings Guidance for the First Quarter of 2024

Full year 2023 earnings released: US$4.10 loss per share (vs US$5.10 loss in FY 2022)

New major risk - Share price stability

Spirit Airlines Carry-On Fee Class Action Settlement: Claim Submission Now Open

New minor risk - Share price stability

Spirit Airlines Announces New, Nonstop Service to Felipe Carillo Puerto International Airport in Tulum, Mexico

Third quarter 2023 earnings released: US$1.44 loss per share (vs US$0.33 loss in 3Q 2022)

Inaugural dividend of US$0.10 per share

Spirit Airlines, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Allegiant Travel Company (NasdaqGS:ALGT) entered into a definitive agreement to acquire Boston Logan and Newark Liberty International Airports from Spirit Airlines, Inc. (NYSE:SAVE).

Spirit Airlines, Inc. Provides Earnings Guidance for Third Quarter 2023

Second quarter 2023 earnings released: US$0.022 loss per share (vs US$0.48 loss in 2Q 2022)

Spirit Airlines, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Frontier Group Holdings, Inc. (NasdaqGS:ULCC) entered into an agreement to acquire LaGuardia Airport from Spirit Airlines, Inc. (NYSE:SAVE).

First quarter 2023 earnings released

Spirit Airlines, Inc. Announces the Launch of New Nonstop Service from San José Mineta International Airport

Spirit Airlines Announces the Launch of Five New, Nonstop Routes from Luis Muñoz Marín International Airport

Spirit Airlines, Inc. Announces Executive Changes

Full year 2022 earnings released: US$5.10 loss per share (vs US$4.50 loss in FY 2021)

Spirit Airlines, Inc. Provides Operating Guidance for the First Quarter of 2023 and Full Year of 2023

Spirit Airlines, Inc. to Report Q4, 2022 Results on Feb 06, 2023

Spirit Airlines to Connect Charleston's Charm with 3 Major Metro Areas Along the East Coast

Insufficient new directors

Insufficient new directors

Insufficient new directors

Spirit Airlines, Inc. Provides Operating Guidance for the Fourth Quarter of 2022

Spirit Airlines, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Spirit Airlines Embarks on New Daily Service at Norfolk

Spirit Airlines Launches its New, Nonstop Service at Reno–Tahoe International Airport

Spirit Airlines, Inc.'s First Idaho Flight Takes to the Sky with the Launch of Nonstop Service from Boise

Spirit Airlines, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Spirit Airlines Celebrates its New, Nonstop Service to Albuquerque with a 'Spiritaneous' Giveaway

Frontier Group Holdings, Inc. (NasdaqGS:ULCC) cancelled the acquisition of Spirit Airlines, Inc. (NYSE:SAVE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK) and others.

Discovery Capital Management LLC Sends Letter to Spirit Airlines Inc

JetBlue Airways Corporation Comments on Spirit Airlines Inc’s Adjournment of Special Meeting

JetBlue Airways Corporation Provides Information to Shareholders of Spirit Airlines Inc

JetBlue Airways Corporation Issues an Open Letter to Shareholders of Spirit Airlines Inc

JetBlue Airways Corporation Welcomes Support for New Proposal to Acquire Spirit Airlines Inc

JetBlue Airways Corporation Comments on Frontier-Spirit Announcement

JetBlue Airways Improves Proposal to Acquire Spirit Airlines

JetBlue Airways Corporation Provides Information to Shareholders of Spirit Airlines Inc

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure