Spirit Airlines, Inc.

OTCPK:SAVE.Q Stock Report

Market Cap: US$45.6m

Spirit Airlines Management

Management criteria checks 2/4

Spirit Airlines' CEO is Ted Christie, appointed in Jan 2018, has a tenure of 6.92 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 $94.97K. The average tenure of the management team and the board of directors is 2.9 years and 7.8 years respectively.

Key information

Ted Christie

Chief executive officer

US$6.6m

Total compensation

CEO salary percentage11.3%
CEO tenure6.9yrs
CEO ownership0.2%
Management average tenure2.9yrs
Board average tenure7.8yrs

Recent management updates

Recent updates

Spirit Airlines: Liquidation Value Highlights Opportunity In Convertible Debt

Nov 13

Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier Airlines

Oct 24

Spirit Airlines: Death By A Thousand Cuts

Oct 05

Spirit Airlines Investors May Need A Parachute Because Of A Potential 'Default'

Sep 25

Spirit Airlines: Hawaiian Airlines Merger Is A Silver Lining

Aug 28

Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?

Jul 21
Is Spirit Airlines, Inc. (NYSE:SAVE) Trading At A 49% Discount?

Spirit Airlines Stock Falls On Restructuring Bankruptcy And Profit Concerns

Jul 17

Spirit Q1: No Longer Taking Off (Rating Downgrade)

May 13

Spirit Airlines: The Spirit Is Gone, Time To Sell

Apr 19

SAVE Yourself The Trouble On Spirit Airlines

Apr 05

Spirit Airlines: Positive Operating Cashflow, Path To Soaring Alone

Feb 28

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

Jan 23

Why The JetBlue Airways Merger Deal With Spirit Airlines Was Blocked

Jan 17

Spirit Airlines: Trading Strategies While Waiting For The Airline Merger

Jan 08

Spirit Airlines And JetBlue Deal: No Soft Landings Here

Dec 18

Updating Spirit/JetBlue Merger Probabilities As Trial Concludes

Dec 06

Spirit: An Extreme Merger Arbitrage Opportunity

Nov 27

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

Nov 19

CEO Compensation Analysis

How has Ted Christie's remuneration changed compared to Spirit Airlines's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$827m

Jun 30 2024n/an/a

-US$677m

Mar 31 2024n/an/a

-US$486m

Dec 31 2023US$7mUS$746k

-US$447m

Sep 30 2023n/an/a

-US$534m

Jun 30 2023n/an/a

-US$413m

Mar 31 2023n/an/a

-US$463m

Dec 31 2022US$3mUS$700k

-US$554m

Sep 30 2022n/an/a

-US$371m

Jun 30 2022n/an/a

-US$319m

Mar 31 2022n/an/a

-US$555m

Dec 31 2021US$4mUS$700k

-US$473m

Sep 30 2021n/an/a

-US$543m

Jun 30 2021n/an/a

-US$657m

Mar 31 2021n/an/a

-US$513m

Dec 31 2020US$3mUS$639k

-US$429m

Sep 30 2020n/an/a

-US$190m

Jun 30 2020n/an/a

-US$8m

Mar 31 2020n/an/a

US$251m

Dec 31 2019US$3mUS$700k

US$335m

Sep 30 2019n/an/a

US$346m

Jun 30 2019n/an/a

US$360m

Mar 31 2019n/an/a

US$257m

Dec 31 2018US$6mUS$544k

US$156m

Sep 30 2018n/an/a

US$311m

Jun 30 2018n/an/a

US$273m

Mar 31 2018n/an/a

US$339m

Dec 31 2017US$1mUS$396k

US$416m

Compensation vs Market: Ted's total compensation ($USD6.60M) is above average for companies of similar size in the US market ($USD650.00K).

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

CEO

Ted Christie (53 yo)

6.9yrs

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

NamePositionTenureCompensationOwnership
Edward Christie
President6.9yrsUS$6.60m0.21%
$ 95.0k
John Bendoraitis
Executive VP & COO11.2yrsUS$3.10m0%
$ 0
Rocky Wiggins
Senior VP & Chief Information Officer8.3yrsUS$2.21m0.0072%
$ 3.3k
Matthew Klein
Executive VP & Chief Commercial Officer8.3yrsUS$2.88m0.063%
$ 28.6k
Frederick Cromer
Executive VP & CFOless than a yearno datano data
Griselle Molina
VP, Controller & Principal Accounting Officerless than a yearno datano data
DeAnne Gabel
Senior Director of Investor Relationsno datano datano data
Thomas Canfield
Senior VP17.2yrsUS$1.36m0.030%
$ 13.6k
Melinda Grindle
Senior VP & Chief Human Resources Officer2.9yrsUS$1.53m0%
$ 0
Rana Ghosh
Senior VP & Chief Transformation Officerless than a yearno datano data
Dana Shapir Alviene
Senior Vice President of Inflight and Airport Experienceless than a yearno datano data
Boris Rogoff
Senior Vice President of Tech Ops & Supply Chainless than a yearno datano data

2.9yrs

Average Tenure

56yo

Average Age

Experienced Management: SAVE.Q's management team is considered experienced (2.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Edward Christie
President6.9yrsUS$6.60m0.21%
$ 95.0k
Barclay Jones
Independent Director18.9yrsUS$217.49k0.0046%
$ 2.1k
Richard Wallman
Directorless than a yearno data0%
$ 0
Mark Dunkerley
Independent Director5.3yrsUS$210.99k0%
$ 0
H. Gardner
Independent Non-Executive Chairman14.4yrsUS$299.98k0.020%
$ 9.1k
Christine Richards
Independent Director5.3yrsUS$202.49k0.0093%
$ 4.3k
Myrna Soto
Independent Director8.8yrsUS$202.49k0.015%
$ 6.6k
Robert Johnson
Independent Director14.4yrsUS$222.49k0%
$ 0

7.8yrs

Average Tenure

63yo

Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 16:28
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Spirit Airlines, Inc. is covered by 23 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bob McAdooAvondale Partners
Garrett ChaseBarclays
Andrew DidoraBofA Global Research