As of June 21, 2025, Spirit Airlines Inc (SAVE) reports a Gross Margin of 17.00%.
Gross Margin indicates the portion of sales revenue remaining after covering production costs, highlighting operational efficiency.
Historical Trend of Spirit Airlines Inc's Gross Margin
Over recent years, Spirit Airlines Inc's Gross Margin has shown significant volatility. The table below summarizes the historical values:
| Date | Gross Margin |
|---|---|
| 2023-12-31 | 17.00% |
| 2022-12-31 | 21.11% |
| 2021-12-31 | 16.38% |
| 2020-12-31 | -4.94% |
| 2019-12-31 | 36.27% |
This slight downward trend highlights how Spirit Airlines Inc manages its operational efficiency and pricing power over time.
Comparing Spirit Airlines Inc's Gross Margin to Peers
To better understand Spirit Airlines Inc's position, it's useful to compare its Gross Margin against industry peers. Below are selected comparisons:
| Company | Gross Margin |
|---|---|
| Spirit Airlines Inc (SAVE) | 17.00% |
| SkyWest Inc (SKYW) | 74.74% |
| Southwest Airlines Co (LUV) | 71.71% |
| Allegiant Travel Co (ALGT) | 69.09% |
| JetBlue Airways Corp (JBLU) | 66.66% |
| Chorus Aviation Inc (CHR.TO) | 64.61% |
Compared to its competitors, Spirit Airlines Inc's Gross Margin is among the lowest compared to peers, suggesting potential challenges in production costs or pricing strategy.