Company Summary

Name: Spirit Aviation Holdings, Inc.

Industry: Airline/Aviation

Primary Business:
Spirit Aviation Holdings, Inc. operates as a commercial airline and provides airline transportation services. It is involved in managing and operating airline flights, and its operations include the leasing and deployment of aircraft.

Key Company Details:

• Address: 1731 Radiant Drive, Dania Beach, Florida 33004
• Phone: (954) 447-7920
• Incorporation: Delaware
• I.R.S. Employer Identification Number: 33-3711797

Financials (as of Year-End 2024):

• Revenue (2024): Approximately $8.17 billion
• Net Income (2024): Approximately ($1.23 billion) (a net loss)
• Market Capitalization (as of June 28, 2024): About $0.4 billion (market value of shares held by non-affiliates)

Employees:

• Number of Shares Outstanding (as of April 29, 2025): 16,067,305 shares of common stock
• Employees: The exact total number of employees is not provided, but the company emphasizes a management team and a substantial operational workforce, indicated by employee stock ownership and executive staff.

Ownership and Stakeholders:

• Significant beneficial owners include investment funds and management advisory firms such as AllianceBernstein, Ares Management, Canyon Capital Advisors, Citadel, and others, each holding substantial beneficial ownership stakes.

Operational Focus:
The company focuses on low-cost airline operations, emphasizing fleet management, operational efficiency, and customer service in the transportation industry. It reinvests in strategic growth through stock-based incentives for executives and directors, with revitalization efforts following a recent restructuring and bankruptcy emergence.

Recent Corporate Events:

• Emerged from bankruptcy on March 12, 2025, after completing a restructuring process involving a new parent entity and cancellation of previous equity awards.
• Company has addressed governance, executive compensation, and shareholder engagement practices to align interests.

Summary:
Spirit Aviation Holdings, Inc. is a publicly traded airline company based in Florida; it specializes in low-cost commercial flight services, with a focus on operational efficiency, fleet deployment, and customer satisfaction. It has a market cap of approximately $400 million and reported revenue of around $8.17 billion in fiscal year 2024, but faced significant net losses during that period. The company has recently undergone a bankruptcy reorganization and now operates as a new parent company following the emergence on March 12, 2025.