A Business at a Glance
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Spirit Aviation Holdings, Inc.
FLYYQ
$313K
Mkt Cap
$0.02
+100.00%
Spirit Aviation Holdings, Inc. (FLYYQ) has a market capitalization of $566K. It is classified as a small-cap stock.
Spirit Aviation Holdings, Inc. (FLYYQ) does not currently pay a regular dividend.
Spirit Aviation Holdings, Inc. (FLYYQ) operates in the Air Transportation, Scheduled industry, within the Industrials sector.
Spirit Aviation Holdings, Inc. (FLYYQ) reported annual revenue of $4.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Spirit Aviation Holdings, Inc. (FLYYQ) generated $-758 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Spirit Aviation Holdings, Inc. (FLYYQ) reported earnings per share (EPS) of $-78.61 in its most recent fiscal year.
Spirit Aviation Holdings, Inc. (FLYYQ) has a 5-year average gross margin of 69.2%. This high margin suggests strong pricing power and a potential competitive moat.
PART I Spirit Aviation Holdings, Inc. ("Spirit") and its consolidated subsidiaries (together with Spirit, the "Company"), headquartered in Dania Beach, Florida, is a leading low-fare carrier committed to offering an enhanced travel experience with flexible, affordable options. The term "Company" is used to refer to (a) Spirit and its consolidated subsidiaries for periods on or after the Emergence Date (as defined below) and (b) Spirit Airlines, Inc. ("Former Spirit") and its consolidated subsidiaries for periods prior to the Emergence Date. During 2025, we served 89 destinations in 16 countries throughout the United States, Latin America and the Caribbean. Our network is supported by an all-Airbus fleet. On September 3, 2025, our common stock, par value $0.0001 (“Common Stock”) began trading on the OTC Pink Limited Market under the symbol “FLYYQ”. Our History We were founded in 1964 as Clippert Trucking Company, a Michigan corporation.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.0B | 4.9B | 5.4B | 5.1B | 3.2B | 1.8B |
| Net Income | -2.8B | - | - | - | - | - |
| EPS | $-97.04 | $-78.61 | $-28.70 | $-35.70 | $-31.50 | $-35.42 |
| Free Cash Flow | 0 | -758M | -258M | -89M | 208M | -229M |
| ROIC | -6.3% | - | - | - | - | - |
| Gross Margin | - | 69.9% | 66.0% | 61.9% | 71.7% | 76.2% |
| Debt/Equity | 0.00 | -27.44 | 2.97 | 2.26 | 1.51 | 1.53 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -482M | -1.1B | -496M | -599M | -57M | -508M |
| Operating Margin | -15.8% | -22.5% | -9.2% | -11.8% | -1.8% | -28.1% |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 28M | 16M | 16M | 16M | 15M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.7B | 1.9B | 2.1B | 2.3B | 2.6B | 3.3B | 3.8B | 1.8B | 3.2B | 5.1B | 5.4B | 4.9B | 3.0B |
| Gross Margin | 66.6% | 68.3% | 78.5% | 28.3% | 76.8% | 71.7% | 74.1% | 76.2% | 71.7% | 61.9% | 66.0% | 69.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 67M | 75M | 87M | 97M | 113M | 137M | 154M | 85M | 132M | 178M | 191M | 197M | 134M |
| EBIT | 282M | 355M | 509M | 441M | 385M | 351M | 501M | -508M | -57M | -599M | -496M | -1.1B | -482M |
| Op. Margin | 17.1% | 18.4% | 23.8% | 19.0% | 14.5% | 10.6% | 13.1% | -28.1% | -1.8% | -11.8% | -9.2% | -22.5% | -15.8% |
| Net Income | 177M | 225M | 317M | 263M | 416M | 156M | 335M | N/A | N/A | N/A | N/A | N/A | -2.8B |
| Net Margin | 10.7% | 11.7% | 14.8% | 11.3% | 15.7% | 4.7% | 8.8% | N/A | N/A | N/A | N/A | N/A | -93.1% |
| Non-Recurring | -525K | -3.0M | -904K | -4.2M | -4.2M | -9.6M | -17M | -2.3M | -3.3M | 287M | -34M | -274M | -274M |
| Returns on Capital | |||||||||||||
| ROIC | 87.5% | 60.1% | 40.8% | 21.2% | 19.6% | 9.9% | 12.1% | N/A | N/A | N/A | N/A | N/A | -6.3% |
| ROE | 26.2% | 25.4% | 28.6% | 20.2% | 26.4% | 8.4% | 16.0% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROA | 16.8% | 16.3% | 15.4% | 9.3% | 11.4% | 3.3% | 5.5% | N/A | N/A | N/A | N/A | N/A | -47.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 195M | 261M | 473M | 472M | 425M | 506M | 551M | -225M | 209M | -89M | -247M | -758M | -707M |
| Free Cash Flow | 176M | 74M | -76M | -67M | -204M | -101M | 217M | -229M | 208M | -89M | -258M | -758M | 0 |
| Owner Earnings | 158M | 205M | 390M | 364M | 277M | 319M | 318M | -515M | -101M | -414M | -579M | -1.1B | -903M |
| CapEx | 20M | 187M | 549M | 539M | 629M | 607M | 335M | 3.9M | 1.2M | 2K | 11M | 0 | 0 |
| Maint. CapEx | 32M | 47M | 74M | 101M | 140M | 177M | 225M | 279M | 297M | 313M | 321M | 325M | 190M |
| Growth CapEx | 0 | 140M | 475M | 438M | 489M | 430M | 109M | 0 | 0 | 0 | 0 | N/A | 0 |
| D&A | 32M | 47M | 74M | 101M | 140M | 177M | 225M | 279M | 297M | 313M | 321M | 325M | 190M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 1.1M | 1.6M | 112M | 103M | 47M | 1.2M | 5.4M | 1.7M | 1.5M | 2.4M | 2.6M | 650K | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.7M | 8.8M | 9.2M | 7.1M | 8.5M | 11M | 8.2M | 12M | 13M | 11M | 12M | 7.2M | 6.6M |
| Debt Repayment | 0 | 0 | 25M | 64M | 102M | 137M | 247M | 254M | 470M | 193M | 338M | 185M | 185M |
| Balance Sheet | |||||||||||||
| Net Debt | -531M | -486M | -157M | 181M | 601M | 1.1B | 1.1B | -236M | 1.7B | 2.1B | 2.4B | 1.2B | 922M |
| Cash & Equiv. | 531M | 633M | 804M | 701M | 801M | 1.0B | 979M | 1.8B | 1.3B | 1.3B | 865M | 902M | 273M |
| Long-Term Debt | 0 | 135M | 597M | 897M | 1.4B | 2.0B | 2.0B | 3.1B | 3.0B | 3.2B | 3.1B | 1.8B | 719M |
| Debt/Equity | 0.00 | 0.15 | 0.53 | 0.71 | 0.85 | 1.13 | 0.96 | 1.53 | 1.51 | 2.26 | 2.97 | -27.44 | 0.00 |
| Interest Coverage | 1319.1 | 225.3 | 25.1 | 10.6 | 6.7 | 4.2 | 4.9 | -3.8 | -0.4 | -4.3 | -2.9 | -5.0 | -5.0 |
| Equity | 769M | 1.0B | 1.2B | 1.4B | 1.8B | 1.9B | 2.3B | 2.2B | 2.1B | 1.6B | 1.1B | -80M | -2.1B |
| Total Assets | 1.2B | 1.6B | 2.5B | 3.2B | 4.1B | 5.2B | 7.0B | 8.4B | 8.5B | 9.2B | 9.4B | 9.6B | 6.0B |
| Total Liabilities | 412M | 590M | 1.3B | 1.8B | 2.4B | 3.2B | 4.8B | 6.1B | 6.4B | 7.6B | 8.3B | 9.7B | 899M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 550K | 83M |
| Retained Earnings | 256M | 482M | 799M | 1.1B | 1.5B | 1.6B | 2.0B | 1.5B | 1.1B | 504M | 57M | -1.2B | -2.8B |
| Working Capital | 313M | 356M | 560M | 432M | 618M | 511M | 273M | 1.0B | 567M | 397M | -159M | 340M | -38M |
| Current Assets | 649M | 721M | 1.0B | 978M | 1.3B | 1.3B | 1.4B | 2.4B | 1.8B | 2.0B | 1.5B | 2.1B | 1.2B |
| Current Liabilities | 336M | 366M | 466M | 546M | 664M | 835M | 1.1B | 1.3B | 1.3B | 1.6B | 1.7B | 1.8B | 1.3B |
| Per Share Data | |||||||||||||
| EPS | 16.94 | 21.56 | 30.66 | 26.18 | 41.93 | 15.96 | 34.23 | -35.42 | -31.50 | -35.70 | -28.70 | -78.61 | -97.04 |
| Owner EPS | 15.10 | 19.58 | 37.68 | 36.12 | 27.91 | 32.66 | 32.46 | -36.93 | -6.51 | -26.58 | -37.13 | -69.70 | -31.90 |
| Book Value | 73.64 | 95.92 | 117.65 | 137.63 | 177.86 | 197.62 | 230.89 | 161.20 | 136.48 | 100.99 | 72.67 | -5.12 | -73.86 |
| Cash Flow/Share | 18.71 | 24.91 | 45.72 | 46.88 | 42.91 | 51.90 | 56.29 | -16.14 | 13.49 | -5.72 | -15.80 | -48.45 | -93.30 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 10.4M | 10.5M | 10.3M | 10.1M | 9.9M | 9.8M | 9.8M | 14.0M | 15.5M | 15.6M | 15.6M | 15.6M | 28.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 566K |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.02 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.02 |
Spirit Aviation Holdings, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 69.2%.
The Ledger Terminal provides 16 years of financial data for Spirit Aviation Holdings, Inc. (FLYYQ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Spirit Aviation Holdings, Inc. (FLYYQ) has a book value per share of $-5.12, based on its most recent annual SEC filing.