FLYYQ (Spirit Aviation Holdings) EBIT: $-2,708 Mil (TTM As of Dec. 2025)

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What is Spirit Aviation Holdings EBIT?

Spirit Aviation Holdings FLYYQ -50.00% EBIT is $-2,708 Mil as of Dec. 2025. The stock has 5 warning signs investors should review.

Spirit Aviation Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was $-2,229 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $-2,708 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spirit Aviation Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was -10.65%. Spirit Aviation Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -151.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spirit Aviation Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -290.11%.


Spirit Aviation Holdings  (OTCPK:FLYYQ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Spirit Aviation Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-742.284 * ( 1 - 0.25% )/( (8271.815 + 5632.549)/ 2 )
=-740.42829/6952.182
=-10.65 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8795.044 - 463.04 - ( 250.494 - max(0, 1010.176 - 1070.365+250.494))
=8271.815

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5993.137 - 398.489 - ( 272.959 - max(0, 1283.725 - 1245.824+272.959))
=5632.549

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Spirit Aviation Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-8914.868/( ( (7242.536 + max(-58.016, 0)) + (4331.613 + max(176.45, 0)) )/ 2 )
=-8914.868/( ( 7242.536 + 4508.063 )/ 2 )
=-8914.868/5875.2995
=-151.73 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(114.386 + 0 + 705.485) - (463.04 + 373.096 + 41.751)
=-58.016

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(129.185 + 0 + 843.68) - (398.489 + 337.694 + 60.232)
=176.45

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Spirit Aviation Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-2708.268/933.523
=-290.11 %

* 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.


Spirit Aviation Holdings EBIT Related Terms


Spirit Aviation Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Spirit Aviation Holdings's EBIT 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.

Spirit Aviation Holdings EBIT Chart

Spirit Aviation Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -399.23 -599.95 -436.09 -1,103.14 0.00

Spirit Aviation Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -552.92 0.00 -201.41 -278.14 -2,228.72

FLYYQ vs APSI, YGMZF, TLSS: EBIT Comparison

For the Airlines subindustry, Spirit Aviation Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spirit Aviation Holdings EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Spirit Aviation Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Spirit Aviation Holdings's EV-to-EBIT falls into.



Spirit Aviation Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,708 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-2,708 Mil mean?
Spirit Aviation Holdings (FLYYQ) has a EBIT of $-2,708 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Spirit Aviation Holdings.
Is Spirit Aviation Holdings' EBIT too high?
Spirit Aviation Holdings' current EBIT is $-2,708 Mil.
How does Spirit Aviation Holdings' EBIT compare to APSI and YGMZF?
Spirit Aviation Holdings' EBIT of $-2,708 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Spirit Aviation Holdings. Spirit Aviation Holdings's current EBIT is $-2,708 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spirit Aviation Holdings stock overvalued right now?
Spirit Aviation Holdings (FLYYQ) has a current EBIT of $-2,708 Mil. The current EBIT is $-2,708 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Spirit Aviation Holdings (FLYYQ), the current EBIT is $-2,708 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Spirit Aviation Holdings Business Description

Address 1731 Radiant Drive, Dania Beach, FL, USA, 33004
Spirit Aviation Holdings Inc is a low-fare carrier committed to offering an enhanced travel experience with flexible, affordable options. It flies only Airbus A320 family aircraft, which provides with operational and cost advantages compared to airlines that operate multiple aircraft types. The company operates in a single reportable segment that provides air transportation to passengers.