SAVEQ (Spirit Airlines) Retained Earnings : $-11 Mil (As of Mar. 2025)

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What is Spirit Airlines Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Spirit Airlines's retained earnings for the quarter that ended in Mar. 2025 was $-11 Mil.

Spirit Airlines's quarterly retained earnings declined from Sep. 2024 ($-587 Mil) to Dec. 2024 ($-1,173 Mil) but then increased from Dec. 2024 ($-1,173 Mil) to Mar. 2025 ($-11 Mil).

Spirit Airlines's annual retained earnings declined from Dec. 2022 ($504 Mil) to Dec. 2023 ($57 Mil) and declined from Dec. 2023 ($57 Mil) to Dec. 2024 ($-1,173 Mil).

Spirit Airlines Retained Earnings Historical Data

The historical data trend for Spirit Airlines's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Spirit Airlines Retained Earnings Chart

Spirit Airlines Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

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1,524.88

1,058.37

504.22

56.76

-1,172.74

Spirit Airlines Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Retained Earnings	Get a 7-Day Free Trial															-85.88	-278.81	-587.05	-1,172.74	-10.94

Spirit Airlines Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Spirit Airlines (OTCPK:SAVEQ) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Spirit Airlines Business Description

Industry

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FLYY:USA

Address

1731 Radiant Drive, Dania Beach, FL, USA, 33004

Website

https://www.spirit.com

Spirit Aviation Holdings Inc is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet, one of the youngest and most fuel-efficient fleets in the U.S. Discover elevated travel options with exceptional value.

Executives

Mark B Dunkerley	director
Brian J. Mcmenamy	officer: VP & Controller	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
H. Mcintyre Gardner	director	C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Melinda C Grindle	officer: SVP & CHRO	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christine P Richards	director	942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38120
John A. Bendoraitis	officer: EVP and COO	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Barclay G Jones	director	50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Rocky Wiggins	officer: SVP and CIO	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Thomas C Canfield	officer: SVP, GC & Secretary	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christie Edward M Iii	officer: Chief Financial Officer	S/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Myrna Soto	director	ONE ENERGY PLAZA, JACKSON MI 49201
Robert D Johnson	director	HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Laurie Villa	officer: SVP and CHRO	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Kevin Blake Vanier	officer: VP of FP & A	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Matthew H Klein	officer: SVP and CCO	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025