Overview
Description
Spirit Airlines Inc. is an ultra-low-cost carrier airline based in the United States. It primarily serves budget-conscious travelers by providing basic air travel services with a focus on minimizing operational costs and offering low base fares. The airline's primary function is to transport passengers on domestic and select international routes, emphasizing affordability and efficiency. Notable for its "Bare Fare" pricing model, Spirit Airlines allows passengers to pay a base fare that covers just the flight, with additional charges for services such as seat selection and baggage. This unbundled service approach allows customers to customize their travel experience according to their budget and preferences. Spirit Airlines plays a significant role in the aviation industry by challenging traditional pricing strategies and increasing competition, especially in secondary markets where budget-oriented travelers seek value. Headquartered in Miramar, Florida, Spirit Airlines' operational strategy focuses on maintaining high aircraft utilization and point-to-point route structures, enabling it to offer competitive fares while maintaining profitability.
About
CEO
Mr. Edward M. Christie III
Employees
11331
Address
2800 Executive Way
Miramar, 33025, FL
United States
Miramar, 33025, FL
United States
Phone
954 447 7920
Website
Instrument type
Common stock
Sector
Industrials
Industry
Airlines
Country
Mexico
MIC code
XMEX