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FLYY Overview

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Spirit Aviation Holdings, Inc., is the parent company of Spirit Airlines, LLC, (Spirit). Spirit Airlines is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. It provides ultra-low fares, easy booking through spirit.com and the spirit mobile app, on-time service, fuel-efficient fleets, deluxe leather seating, airport self-bag tagging, airport self-bag drop, and others. Its A La Smarte optional services & products include onboard wi-fi, carry-on and checked baggage, assigned seats, shortcut security, travel insurance, onboard beverages and snacks, and hotels, cars, vacation packages and cruises, among others.
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Events Timeline

(ET)
2026-05-04
06:40:00
Spirit Airlines Shutdown Results in 17,000 Job Losses
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link
2026-05-03 (ET)
2026-05-03
21:00:00
Spirit Airlines Announces Immediate Wind-Down of Operations
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2026-05-02 (ET)
2026-05-02
09:00:00
Spirit Aviation Holdings Announces Immediate Wind-Down of Operations
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2026-05-01 (ET)
2026-05-01
11:10:00
Spirit Airlines Prepares to Cease Operations, Fails to Secure $500M Government Lifeline
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link
2026-04-24 (ET)
2026-04-24
10:10:00
Trump Proposes U.S. Government Takeover of Spirit Airlines
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2026-04-24
06:30:00
Trump Suggests U.S. Government Take Over Spirit Airlines
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link
2026-04-23 (ET)
2026-04-23
10:30:00
Trump Orders Medical Marijuana Products to Schedule III
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2026-04-22 (ET)
2026-04-22
11:00:00
Spirit Unable to Recover Cash Operating Costs
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News

Yahoo Finance
9.0
18:04 PMYahoo Finance
Spirit Airlines Bankruptcy and Acquisition Proposal Update
  • Declining Customer Satisfaction: Spirit Airlines scored only 66 on the 2026 American Customer Satisfaction Index (ACSI), falling behind low-cost rival Frontier Airlines, indicating severe deficiencies in customer experience that could lead to customer attrition and revenue decline.
  • Bankruptcy Reorganization Failure: The airline ceased all operations on May 2, 2026, after failing to successfully reorganize, marking its exit from the aviation market despite its crucial role in keeping fares low, which has impacted pricing strategies across the industry.
  • Acquisition Proposal Emerges: Mooney International has submitted a bid to acquire Spirit Airlines and related assets, aiming to combine operations to focus on affordable air travel, which, if successful, could restore the Spirit brand and its market position.
  • Fare Increase Trend: The exit of Spirit Airlines has led to an average fare increase of $19 (approximately 14%) across about 90 routes, highlighting its significance in the market, with industry analysts noting that any airline's departure results in reduced seat supply, thereby driving up fares.
Yahoo Finance
9.0
06-12Yahoo Finance
Aviation Market Crisis Deepens as Multiple Airlines File for Bankruptcy
  • Bankruptcy Wave: The aviation market is facing a crisis as airlines like Spirit Airlines and Magnicharters collapse due to skyrocketing jet fuel prices, indicating industry fragility and potential for consolidation and intensified competition.
  • Max Air Grounding: Nigerian airline Max Air has grounded flights after the Aviation Ground Handlers Association suspended services over more than 1 billion Naira (approximately $735,000) in unpaid debts, causing significant travel disruptions for thousands of passengers nationwide.
  • Failed Debt Negotiations: Max Air's refusal to negotiate with ground handling companies has prompted AGHAN's chairman to warn that this action serves as a signal to other airlines about the unsustainable nature of operations without payment amidst rising fuel costs.
  • Uncertain Industry Outlook: With multiple airlines filing for bankruptcy, the future of the aviation sector remains uncertain, potentially leading to reduced flight availability and increased ticket prices, further impacting consumer travel choices.
Yahoo Finance
9.0
06-04Yahoo Finance
Wave of Airline Bankruptcies Continues
  • Airline Bankruptcies: Spirit Airlines, a well-known low-cost carrier, ceased all operations on May 2, marking the largest airline shutdown of the year, as soaring jet fuel prices ultimately forced the airline, which had filed for Chapter 11 twice before, to ground its fleet, stranding thousands of passengers.
  • Mexican Airline Bankruptcy: Low-cost holiday carrier Magnicharters suspended all flights in April and subsequently filed for bankruptcy protection last month, leaving many travelers stranded and highlighting the vulnerability of airlines under the pressure of rising fuel costs.
  • European Cargo's Struggles: British cargo airline European Cargo entered administration on June 3, becoming the latest casualty in the aviation sector, despite having provided essential services to the UK's National Institutes of Health during the pandemic, as exorbitant fuel prices rendered its operations unsustainable.
  • Global Aviation Crisis: The recent bankruptcies of several airlines, including Joy Air and Zenith Aviation, underscore the ongoing crisis in the global aviation industry, driven by economic pressures and rising fuel costs, which may accelerate industry consolidation as companies struggle to survive.
Yahoo Finance
9.0
05-09Yahoo Finance
Investment Lessons from Spirit Airlines' Bankruptcy
  • Bankruptcy Warning: Spirit Airlines' bankruptcy serves as a stark reminder that companies burdened with high debt and low revenues face severe financial distress, and investors should be cautious about stocks emerging from bankruptcy due to their high risk of relapse.
  • Merger Failure Risks: The collapse of JetBlue's merger with Spirit due to regulatory issues significantly increased the investment risk associated with Spirit, a scenario that has also played out with other companies like iRobot, highlighting the need for investors to remain vigilant with struggling firms.
  • Dangers of High Leverage: Spirit's bankruptcy was partly driven by high fuel prices and excessive leverage, prompting investors in transportation stocks to closely examine balance sheets to avoid bankruptcy risks stemming from high financial leverage.
  • Industry Caution: Rising fuel costs indicate that Spirit Airlines is not the only airline facing bankruptcy risks, as both JetBlue and Frontier Group may also be in jeopardy, necessitating investor awareness of the overall financial health of the industry.
Fool
9.0
05-04Fool
Spirit Aviation Holdings Begins Wind Down Operations Amid Bankruptcy
  • Bankruptcy Liquidation Process: Spirit Aviation Holdings has begun winding down operations due to its second bankruptcy, primarily caused by jet fuel prices doubling from $85-$90 to $150-$200 since February due to the Middle East war, effectively ending its restructuring efforts and resulting in significant losses for investors.
  • Shareholder Compensation Outlook: In the liquidation process, Spirit's shareholders are at the bottom of the priority list and face the risk of receiving nothing, as remaining assets may not cover debts after secured creditors and other obligations are settled.
  • Industry-Wide Struggles: All airlines are affected by soaring fuel costs, with average international flight fares increasing by 37% since the war began, and low-cost carriers are particularly hard hit due to their already thin margins, leading some to cancel flights to save on fuel.
  • Uncertain Future: Although the White House considered a $500 million bailout to help Spirit survive, the withdrawal of this support has seen the airline's stock price plummet from $1.80 back to around $0.27, highlighting the fragility and uncertainty facing the airline industry amid rising fuel costs.
Yahoo Finance
2.0
05-04Yahoo Finance
American Airlines Implements New Measures
  • New Measures Launched: American Airlines (AAL), United Airlines (UAL), and Delta Air Lines (DAL) are rolling out new measures aimed at enhancing customer experience and operational efficiency, although specific details have yet to be disclosed.
  • Increased Market Competition: As the airline industry recovers, the efforts of these three major airlines to improve service quality and customer satisfaction reflect heightened market competition, which may impact their respective market shares.
  • Emphasis on Customer Feedback: The implementation of these new measures indicates that airlines are placing greater importance on customer feedback to better meet passenger needs in the post-pandemic era, thereby enhancing customer loyalty.
  • Response to Industry Trends: This move aligns with the overall trend in the airline industry, where companies are adopting measures to adapt to the evolving market environment and consumer preferences, potentially leading to positive impacts on future business growth.

Valuation Metrics

The current forward P/E ratio for Spirit Aviation Holdings Inc (FLYY.A) is 0.00, compared to its 5-year average forward P/E of -0.01. For a more detailed relative valuation and DCF analysis to assess Spirit Aviation Holdings Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-0.01
Current PE
0.00
Overvalued PE
0.02
Undervalued PE
-0.04

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.86
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
3.75
Undervalued EV/EBITDA
-2.04

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
0.00
Current PS
0.00
Overvalued PS
0.00
Undervalued PS
-0.00

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Frequently Asked Questions

What is Spirit Aviation Holdings Inc (FLYY) stock price today?

The current price of FLYY is 0 USD — it has increased 0

What is Spirit Aviation Holdings Inc (FLYY)'s business?

Spirit Aviation Holdings, Inc., is the parent company of Spirit Airlines, LLC, (Spirit). Spirit Airlines is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. It provides ultra-low fares, easy booking through spirit.com and the spirit mobile app, on-time service, fuel-efficient fleets, deluxe leather seating, airport self-bag tagging, airport self-bag drop, and others. Its A La Smarte optional services & products include onboard wi-fi, carry-on and checked baggage, assigned seats, shortcut security, travel insurance, onboard beverages and snacks, and hotels, cars, vacation packages and cruises, among others.

What is the price predicton of FLYY Stock?

Wall Street analysts forecast FLYY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLYY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Spirit Aviation Holdings Inc (FLYY)'s revenue for the last quarter?

Spirit Aviation Holdings Inc revenue for the last quarter amounts to 1.02B USD, decreased -20.38

What is Spirit Aviation Holdings Inc (FLYY)'s earnings per share (EPS) for the last quarter?

Spirit Aviation Holdings Inc. EPS for the last quarter amounts to -9.50 USD, decreased -20.90

How many employees does Spirit Aviation Holdings Inc (FLYY). have?

Spirit Aviation Holdings Inc (FLYY) has 11331 emplpoyees as of June 17 2026.

What is Spirit Aviation Holdings Inc (FLYY) market cap?

Today FLYY has the market capitalization of 0.00 USD.