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 $32.82K. 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
Spirit Airlines: Liquidation Value Highlights Opportunity In Convertible Debt
Nov 13Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier Airlines
Oct 24Spirit Airlines: Death By A Thousand Cuts
Oct 05Spirit Airlines Investors May Need A Parachute Because Of A Potential 'Default'
Sep 25Spirit Airlines: Hawaiian Airlines Merger Is A Silver Lining
Aug 28Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?
Jul 21
Spirit Airlines Stock Falls On Restructuring Bankruptcy And Profit Concerns
Jul 17Spirit Q1: No Longer Taking Off (Rating Downgrade)
May 13Spirit Airlines: The Spirit Is Gone, Time To Sell
Apr 19SAVE Yourself The Trouble On Spirit Airlines
Apr 05Spirit Airlines: Positive Operating Cashflow, Path To Soaring Alone
Feb 28Spirit Airlines Is Not Set For A Chapter 11 Landing In 2024
Jan 23Why The JetBlue Airways Merger Deal With Spirit Airlines Was Blocked
Jan 17Spirit Airlines: Trading Strategies While Waiting For The Airline Merger
Jan 08Spirit Airlines And JetBlue Deal: No Soft Landings Here
Dec 18Updating Spirit/JetBlue Merger Probabilities As Trial Concludes
Dec 06Spirit: An Extreme Merger Arbitrage Opportunity
Nov 27Buy Spirit Airlines For The Same Reason JetBlue Is: The A321neo
Nov 19Despite Weak Trading, Spirit JetBlue Merger Could Still Close
Nov 01Last Update Before Merger: Spirit Airlines Is A Buy
Oct 13Spirit Airlines: Thank You JetBlue
Sep 14JetBlue And Spirit Merger Potential Gets Stronger
Jul 07Spirit Airlines: Value Remains Despite Uncertainties
Jun 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 US market ($USD650.80K).
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 |
|---|---|---|---|---|
| President | 6.8yrs | US$6.60m | 0.21% $ 32.8k | |
| Executive VP & COO | 11.1yrs | US$3.10m | 0.069% $ 10.7k | |
| Senior VP & Chief Information Officer | 8.2yrs | US$2.21m | 0.031% $ 4.8k | |
| Executive VP & Chief Commercial Officer | 8.3yrs | US$2.88m | 0.063% $ 9.8k | |
| Executive VP & CFO | less than a year | no data | no data | |
| VP, Controller & Principal Accounting Officer | less than a year | no data | no data | |
| Senior Director of Investor Relations | no data | no data | no data | |
| Senior VP | 17.1yrs | US$1.36m | 0.071% $ 11.1k | |
| Senior VP & Chief Human Resources Officer | 2.8yrs | US$1.53m | 0.014% $ 2.1k | |
| Senior VP & Chief Transformation Officer | no data | no data | no data | |
| Senior Vice President of Inflight and Airport Experience | less than a year | no data | no data | |
| 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: SAVE.Q's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.8yrs | US$6.60m | 0.21% $ 32.8k | |
| Independent Director | 18.8yrs | US$217.49k | 0.027% $ 4.2k | |
| Director | less than a year | no data | 0.0018% $ 286.6 | |
| Independent Director | 5.2yrs | US$210.99k | 0.018% $ 2.9k | |
| Independent Non-Executive Chairman | 14.3yrs | US$299.98k | 0.042% $ 6.6k | |
| Independent Director | 5.2yrs | US$202.49k | 0.028% $ 4.3k | |
| Independent Director | 8.7yrs | US$202.49k | 0.0097% $ 1.5k | |
| Independent Director | 14.3yrs | US$222.49k | 0.023% $ 3.5k |
7.8yrs
Average Tenure
63yo
Average Age
Experienced Board: SAVE.Q's board of directors are considered experienced (7.8 years average tenure).