Spirit Airlines Management

Management criteria checks 2/4

Spirit Airlines' CEO is Ted Christie, appointed in Jan 2018, has a tenure of 6.33 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 $761.92K. The average tenure of the management team and the board of directors is 7.1 years and 8.5 years respectively.

Key information

Ted Christie

Chief executive officer

US$6.6m

Total compensation

CEO salary percentage	11.3%
CEO tenure	6.3yrs
CEO ownership	0.2%
Management average tenure	7.1yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

Spirit Airlines Non-GAAP EPS of $0.03 beats by $0.11, revenue of $1.34B misses by $10M

Oct 26

Spirit Airlines: Wait For The Payout

Sep 10

Spirit Airlines Non-GAAP EPS of -$0.30 beats by $0.16, revenue of $1.37B beats by $20M

Aug 09

Spirit Airlines vote on Frontier sale expected to fail - report

Jul 27

Spirit Airlines Saga: Asymmetric Risk Opportunity

Jul 14

Spirit Airlines: A Desperation Buy For JetBlue, Vote No On Frontier Airlines

Jul 06

Frontier Takes Top Spot To Acquire Spirit Airlines

Jun 26

Spirit Airlines: JetBlue Buy Offer Is More Compelling

Jun 10

CEO Compensation Analysis

How has Ted Christie's remuneration changed compared to Spirit Airlines's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD6.60M) is above average for companies of similar size in the US market ($USD2.43M).

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

CEO

Ted Christie (52 yo)

6.3yrs

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	6.3yrs	US$6.60m	0.21% $ 761.9k
Scott Haralson	Executive VP & CFO	5.6yrs	US$3.57m	0.054% $ 197.8k
John Bendoraitis	Executive VP & COO	10.6yrs	US$3.10m	0.069% $ 249.2k
Rocky Wiggins	Senior VP & Chief Information Officer	7.7yrs	US$2.21m	0.031% $ 112.3k
Matthew Klein	Executive VP & Chief Commercial Officer	7.8yrs	US$2.88m	0.063% $ 228.0k
DeAnne Gabel	Senior Director of Investor Relations	no data	no data	no data
Thomas Canfield	Senior VP	16.6yrs	US$1.36m	0.071% $ 258.0k
Melinda Grindle	Senior VP & Chief Human Resources Officer	2.3yrs	US$1.53m	0.014% $ 49.9k
Brian McMenamy	VP & Controller	6.5yrs	no data	0.011% $ 40.4k
Simon Gore	Treasurer	no data	no data	no data
Eric Monaghan	Pricing & RM Executive	no data	no data	no data

7.1yrs

Average Tenure

55.5yo

Average Age

Experienced Management: SAVE's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward Christie	President	6.3yrs	US$6.60m	0.21% $ 761.9k
Barclay Jones	Independent Director	18.3yrs	US$217.49k	0.027% $ 98.6k
Mark Dunkerley	Independent Director	4.7yrs	US$210.99k	0.018% $ 67.1k
H. Gardner	Independent Non-Executive Chairman	13.8yrs	US$299.98k	0.042% $ 153.7k
Dawn Zier	Independent Director	8.9yrs	US$208.49k	0.025% $ 92.3k
Christine Richards	Independent Director	4.7yrs	US$202.49k	0.028% $ 100.3k
Myrna Soto	Independent Director	8.2yrs	US$202.49k	0.0097% $ 35.1k
Robert Johnson	Independent Director	13.8yrs	US$222.49k	0.023% $ 82.1k

8.5yrs

Average Tenure

60.5yo

Average Age

Experienced Board: SAVE's board of directors are considered experienced (8.5 years average tenure).

Spirit Airlines Management

Management criteria checks 2/4

Key information

Recent management updates

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

Insufficient new directors

Spirit Airlines, Inc. Announces Executive Changes

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

Price target decreased by 11% to US$4.01

First quarter 2024 earnings: EPS exceeds analyst expectations

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

Spirit Airlines: The Spirit Is Gone, Time To Sell

Consensus EPS estimates upgraded to US$2.91 loss

Price target decreased by 29% to US$5.06

SAVE Yourself The Trouble On Spirit Airlines

Price target decreased by 17% to US$7.13

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: Positive Operating Cashflow, Path To Soaring Alone

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

Full year 2023 earnings: EPS misses analyst expectations

Spirit Airlines Is Not Set For A Chapter 11 Landing In 2024

Price target decreased by 22% to US$13.00

Why The JetBlue Airways Merger Deal With Spirit Airlines Was Blocked

New major risk - Share price stability

Spirit Airlines: Trading Strategies While Waiting For The Airline Merger

Spirit Airlines And JetBlue Deal: No Soft Landings Here

Updating Spirit/JetBlue Merger Probabilities As Trial Concludes

Spirit: An Extreme Merger Arbitrage Opportunity

Buy Spirit Airlines For The Same Reason JetBlue Is: The A321neo

New minor risk - Share price stability

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

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

Despite Weak Trading, Spirit JetBlue Merger Could Still Close

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)

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

Last Update Before Merger: Spirit Airlines Is A Buy

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 14%

Spirit Airlines: Thank You JetBlue

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).

Consensus EPS estimates fall by 23%

Price target decreased by 8.3% to US$20.00

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

JetBlue And Spirit Merger Potential Gets Stronger

Spirit Airlines: Value Remains Despite Uncertainties

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

Inaugural dividend of US$0.10 per share

Price target decreased by 10% to US$21.63

First quarter 2023 earnings: Revenues in line with analyst expectations

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

Inaugural dividend of US$0.10 per share

Spirit Airlines, Inc. Announces Executive Changes

Spirit Airlines expects to hear from DOJ on JetBlue deal in next 30 days

Full year 2022 earnings: EPS misses analyst expectations

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

Third quarter 2022 earnings: EPS misses analyst expectations

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

Insufficient new directors

Spirit Airlines Non-GAAP EPS of $0.03 beats by $0.11, revenue of $1.34B misses by $10M

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

Spirit Airlines Embarks on New Daily Service at Norfolk

Spirit Airlines: Wait For The Payout

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

Spirit Airlines Non-GAAP EPS of -$0.30 beats by $0.16, revenue of $1.37B beats by $20M

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.