Company data sheet · Spirit Aviation Holdings
Spirit Aviation Holdings: five lost years, and the economy wasn't the reason.
- Industry
- Air Transportation, Scheduled
- Headquarters
- United States
- Sources
- SEC filings (2010–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to five straight losses. Spirit Aviation Holdings earned $0.5 billion in 2018–2020. Then it lost money every year from 2021 to 2025: $0 billion in all.
- It wasn't the cycle. The losses began in 2021, a year the US economy grew 6.3%. When a company falls while its economy grows, look inside the company first.
- Leaders came and went. Spirit Aviation Holdings filed 26 leadership changes since 2016, more than 78% of large transportation and utility companies (the median is 12).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $2.3 billion | $0.3 billion | |
| 2017 | $2.6 billion | $0.4 billion | |
| 2018 | $3.3 billion | $0.2 billion | |
| 2019 | $3.8 billion | $0.3 billion | |
| 2020 | $1.8 billion | $0 billion | |
| 2021 | $3.2 billion | −$0 billion | |
| 2022 | $5.1 billion | −$0 billion | |
| 2023 | $5.4 billion | −$0 billion | |
| 2024 | $4.9 billion | −$0 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 81 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (0 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 404 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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