About Spirit Airlines
Spirit Airlines is a company based in Miramar (United States) founded in 1903 was acquired by JetBlue in July 2022.. Spirit Airlines has raised $575.26 million across 4 funding rounds from investors including Goldman Sachs, Frontier Airlines and AllianceBernstein.
- Headquarter Miramar, United States
- Stage Public
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spirit Aviation Holdings, Inc.
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Annual Revenue
$4.91 B-8.38as on Dec 31, 2024
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Net Profit
$-1.23 B-174.77as on Dec 31, 2024
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EBITDA
$-470.2 M-558.72as on Dec 31, 2024
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Total Equity Funding
$575.26 M (USD)
in 4 rounds
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Latest Funding Round
$350 M (USD), Unspecified
Mar 13, 2025
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Investors
Goldman Sachs
& 9 more
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Employee Count
Employee Count
- Acquired by
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IPO & Listings of Spirit Airlines
Spirit Airlines is a publicly listed company on the OTC with ticker symbol FLYYQ in USA, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Spirit Airlines
Spirit Airlines has successfully raised a total of $575.26M across 4 strategic funding rounds. The most recent funding activity was a Unspecified round of $350 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Unspecified — $350.0M
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First Round
First Round
(23 Feb 2004)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Unspecified - Spirit Airlines | Valuation |
investors |
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| Jan, 2019 | Amount | Unspecified - Spirit Airlines | Valuation |
investors |
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| Jul, 2005 | Amount | Private Equity Round - Spirit Airlines | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spirit Airlines
Spirit Airlines has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, Frontier Airlines and AllianceBernstein. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified investment management in fixed income and credit is provided.
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Founded Year | Domain | Location | |
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Private debt fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spirit Airlines
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spirit Airlines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spirit Airlines Comparisons
Competitors of Spirit Airlines
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spirit Airlines
Frequently Asked Questions about Spirit Airlines
When was Spirit Airlines founded?
Spirit Airlines was founded in 1903 and raised its 1st funding round 101 years after it was founded.
Where is Spirit Airlines located?
Spirit Airlines is headquartered in Miramar, United States. It is registered at Miramar, Florida, United States.
Is Spirit Airlines a funded company?
Spirit Airlines is a funded company, having raised a total of $575.26M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $100M, raised on Feb 23, 2004.
What is the annual revenue of Spirit Airlines?
Annual revenue of Spirit Airlines is $4.91B as on Dec 31, 2024.
What does Spirit Airlines do?
Spirit Airlines was founded in 1903 and is headquartered in Miramar, United States. As a low-cost carrier in the aviation sector, daily flights exceeding 400 are operated to more than 50 destinations in the US, Latin America, the Caribbean, and Canada. Major hubs are maintained in Fort Lauderdale, Florida, and Detroit, Michigan, with services focused on budget travel options.
Is Spirit Airlines publicly traded?
Yes, Spirit Airlines is publicly traded on OTC under the ticker symbol FLYYQ.
Who are Spirit Airlines's investors?
Spirit Airlines has 10 investors. Key investors include Goldman Sachs, Frontier Airlines, AllianceBernstein, JetBlue, and Oaktree Capital Management.
What is Spirit Airlines's ticker symbol?
The ticker symbol of Spirit Airlines is FLYYQ on OTC.