Edward Christie - Spirit Airlines President, Chief Executive Officer, Director

SAVE Stock  USD 3.76  0.22  6.21%   

CEO

Mr. Edward M. Christie, III was appointed as President, Chief Executive Officer of Spirit Airlines Inc, effective on January 1, 2019. Prior to joining Spirit, Mr. Christie served as Vice President and Chief Financial Officer of Pinnacle Airlines Corporationration from July 2011 to March 2012. Prior to that, Mr. Christie was a partner in the management consulting firm of Vista Strategic Group LLC from May 2010 to July 2011 since 2019.
Age 50
Tenure 5 years
Address 2800 Executive Way, Miramar, FL, United States, 33025
Phone954 447 7920
Webhttps://www.spirit.com
Christie served in various positions from 2002 to 2010 at Frontier Airlines, including as Chief Financial Officer from June 2008 to January 2010, as Senior Vice President, Finance from February 2008 to June 2008, as Vice President, Finance from May 2007 to February 2008, and before that in several positions, including Corporationrationrationrate Financial Administrator, Director of Corporationrationrationrate Financial Planning, and Senior Director of Corporationrationrationrate Financial Planning and Treasury. In April 2008, Frontier Airlines filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The Board has previously concluded that Mr. Christie should serve on the Board and on the based on his business skills, leadership experience in the airline industry, financial expertise, general business knowledge and due to his position as President.

Spirit Airlines Management Efficiency

The company has return on total asset (ROA) of (0.0264) % which means that it has lost $0.0264 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3307) %, meaning that it created substantial loss on money invested by shareholders. Spirit Airlines' management efficiency ratios could be used to measure how well Spirit Airlines manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.05. The current year's Return On Capital Employed is expected to grow to -0.06. At present, Spirit Airlines' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 248.3 M, whereas Total Current Assets are forecasted to decline to about 1.1 B.
The company currently holds 6.93 B in liabilities with Debt to Equity (D/E) ratio of 2.88, implying the company greatly relies on financing operations through barrowing. Spirit Airlines has a current ratio of 0.91, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Spirit Airlines until it has trouble settling it off, either with new capital or with free cash flow. So, Spirit Airlines' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Spirit Airlines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Spirit to invest in growth at high rates of return. When we think about Spirit Airlines' use of debt, we should always consider it together with cash and equity.

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It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida. Spirit Airlines operates under Airlines classification in the United States and is traded on New York Stock Exchange. It employs 9823 people. Spirit Airlines (SAVE) is traded on New York Stock Exchange in USA. It is located in 2800 Executive Way, Miramar, FL, United States, 33025 and employs 13,167 people. Spirit Airlines is listed under Passenger Airlines category by Fama And French industry classification.

Management Performance

Spirit Airlines Leadership Team

Elected by the shareholders, the Spirit Airlines' board of directors comprises two types of representatives: Spirit Airlines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Spirit. The board's role is to monitor Spirit Airlines' management team and ensure that shareholders' interests are well served. Spirit Airlines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Spirit Airlines' outside directors are responsible for providing unbiased perspectives on the board's policies.
Linde Grindle, Chief Human Resource Officer
Theodore Botimer, Senior Vice President - Network Planning and Revenue Management
Stuart Oran, Independent Director
Edward III, CEO President
Myrna Soto, Independent Director
McIntyre Gardner, Independent Chairman of the Board
Dawn Zier, Independent Director
Robert Fornaro, CEO and President Director and Member of Compensation Committee
Robert Schroeter, VP of Consumer Marketing
David Elkins, Independent Director
Brian McMenamy, Principal Accounting Officer, Vice President Controller
Matthew Klein, Executive Vice President, Chief Commercial Officer
Carlton Donaway, Independent Director
Deanne Gabel, Senior Director, Investor Relations
Edmundo Miranda, Vice President Controller
Scott Haralson, Vice President - Financial Planning and Analysis
John Bendoraitis, Chief Operating Officer, Executive Vice President
Robert Johnson, Independent Director
K Vanier, Vice President - Financial Planning and Analysis
Thomas Canfield, Senior Vice President, General Counsel, Secretary
Mark Dunkerley, Independent Director
Christine Richards, Independent Director
Melinda Grindle, Chief Human Resource Officer, Senior Vice President
Simon Gore, Treasurer
John Kirby, Vice President of Network Planning
H Gardner, Lead Independent Chairman of the Board
Edward Christie, President, Chief Executive Officer, Director
Barclay Jones, Independent Director
Martha Villa, Chief Human Resource Officer, Senior Vice President
Horacio Scapparone, Independent Director
Rocky Wiggins, Senior Vice President, Chief Information Officer

Spirit Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Spirit Airlines a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Spirit Stock analysis

When running Spirit Airlines' price analysis, check to measure Spirit Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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Is Spirit Airlines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spirit Airlines. If investors know Spirit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spirit Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
(4.10)
Revenue Per Share
49.129
Quarterly Revenue Growth
(0.05)
Return On Assets
(0.03)
The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.