Spirit Airlines Profit Margin 2010-2024 | SAVEQ
Current and historical gross margin, operating margin and net profit margin for Spirit Airlines (SAVEQ) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Spirit Airlines net profit margin as of June 30, 2024 is -13.2%.
| Spirit Airlines Annual Profit Margins |
| Spirit Airlines Quarterly Profit Margins |
| Sector |
Industry |
Market Cap |
Revenue |
| Transportation |
TRANS-AIRLINE |
$0.000B |
$5.363B |
|
Spirit Airlines, Inc. is an ultra low-cost carrier. The company provides travel opportunities principally to and from South Florida, the Caribbean and Latin America. Its strategy of unbundling its services and offering customers the option for purchase, ranging from bags and seat assignment to refreshments, has been much appreciated. The unbundled base fares do away with the components that are traditionally included in ticket prices. Its primary markets are of three types: large leisure destinations (Orlando, Ft. Lauderdale, Las Vegas, New Orleans, Myrtle Beach, Ft. Myers), large domestic markets (large metropolitan cities) and international destinations (Latin America, Caribbean & northern South America). The company maintains a young all-airbus fleet, which operates multiple daily flights across countries including the United States, Caribbean and Latin America. The fleet is highly fuel-efficient. Its jets are categorised into A319 CEO, A320 CEO, A320 NEO, and A321 CEO.
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