Spirit Aviation Holdings, Inc.(FLYY)Earnings, Financials & Key Ratios
FLYY•AMEX
$0.38
Price updated Jun 20, 2026
AboutSpirit Aviation Holdings, Inc. engages in providing passenger air transportation services. The company serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet. The company was founded in 1964 and is based in Dania Beach, Florida.Show more
- Revenue$4.91B-8.4%
- EBITDA-$780M-346.1%
- Net Income-$1.23B-174.8%
- EPS (Diluted)-11.23-174.6%
- Gross Margin4.26%-61.4%
- EBITDA Margin-15.88%-386.8%
- Operating Margin-22.5%-143.3%
- Net Margin-25.02%-199.9%
- ROE-233.25%-605.3%
FLYY Price & Volume
Spirit Aviation Holdings, Inc. (FLYY) stock price & volume — 10-year historical chart
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Persistent Operational Losses Threaten Long-term Solvency Stability
Investment Thesis • Updated 2025Q2
VerdictNegative: The company's inability to generate positive cash flow
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and operational insolvency
Key Thesis Takeaways
- Spirit Aviation Holdings faces a critical inflection point as its ultra-low-cost carrier model struggles with structural margin erosion and a rapidly deteriorating balance sheet.
- The company's inability to maintain positive operating income, evidenced by a -18.1% operating margin in 2025Q2, suggests that current capacity utilization is insufficient to cover fixed costs.
- Investors should monitor the company's liquidity runway, as the combination of a 14.31 debt-to-equity ratio and persistent negative free cash flow creates significant risk of further capital structure impairment.
Verdict Logic
highlighted by a -26.2% free cash flow margin in 2025Q2, indicates a high risk of insolvency that outweighs potential turnaround prospects.
FLYY Growth Metrics
Spirit Aviation Holdings, Inc. (FLYY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.79%
5 Years5.11%
3 Years15%
TTM-11.57%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-174.11%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years4.38%
5 Years-7.47%
3 Years-9.58%
Last Year-14.2%
Peers Comparison
Key metrics vs top competitors for Spirit Aviation Holdings, Inc. (FLYY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.38 | — | -0.03 | -8.38% | -25.02% | -233.25% | — | |
| $7.36 | $1.69B | -12.27 | -1.35% | -9.62% | -88.57% | — | |
| $82.95 | $4.55B | 22.73 | 7.26% | 7.77% | 13.1% | — | |
| $17.20 | $11.36B | 101.18 | 0.78% | 0.36% | — | — | |
| $128.31 | $41.65B | 12.55 | 3.52% | 6.06% | 24.91% | — | |
| $88.63 | $58.23B | 11.57 | 2.79% | 6.87% | 23.14% | — |
Compare FLYY vs Peers
Spirit Aviation Holdings, Inc. (FLYY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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FLYY Frequently Asked Questions
Spirit Aviation Holdings, Inc. (FLYY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Spirit Aviation Holdings, Inc.'s revenue?
Spirit Aviation Holdings, Inc. (FLYY) reported $4.67B in revenue for fiscal year 2024. This represents a 493% increase from $787.3M in 2008.
How fast is Spirit Aviation Holdings, Inc. growing?
Spirit Aviation Holdings, Inc. (FLYY) saw revenue decline by 8.4% over the past year.
Is FLYY profitable?
Spirit Aviation Holdings, Inc. (FLYY) reported a net loss of $1.33B for fiscal year 2024.
Dividend & Returns
What is FLYY's return on equity?
Spirit Aviation Holdings, Inc. (FLYY) has a return on equity (ROE) of -233.3%. Negative ROE indicates the company is unprofitable.
What is Spirit Aviation Holdings, Inc.'s free cash flow?
Spirit Aviation Holdings, Inc. (FLYY) had negative free cash flow of $949.8M in fiscal year 2024, likely due to heavy capital investments.