Spirit Airlines’ Revenue Breakdown Worldwide (2017-2023)

This statistic highlights Spirit Airlines’ Revenue Breakdown Worldwide, split between Domestic and Latin America, and is reported quarterly from 2017 onwards.

Spirit Airlines Revenue Breakdown Worldwide:

Domestic

The Domestic geographic region of the company refers to the area within a specific country where the airline operates flights. It focused on serving destinations within the United States, including both popular tourist destinations and major metropolitan areas. In Q1 2023, Spirit Airlines generated 86% of revenue from the United States amounting to $1.17 million. The revenue from this region grew by 42% year-over-year growth from $827 million in Q1 2022.

Latin America

Latin America encompasses the countries and territories in the Americas where Spanish and Portuguese languages are spoken. It includes Central America, the Caribbean, South America, and Mexico. Spirit Airlines serves numerous destinations within this region, offering both domestic flights with specific countries and international flights connecting different countries.

• Central America: It is located between North America and South America consisting of six countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. It connects major cities with these countries and provides access to popular tourist destinations, cultural hubs, and business centers.
• Caribbean: Spirit Airlines offers flights to various Caribbean destinations such as the Dominican Republic, Puerto Rico, Jamaica, and the U.S. Virgin Islands. This region attracts a significant number of tourists who seek warm weather, and a relaxed atmosphere.
• South America: Spirit Airlines serves popular cities and tourist destinations in countries like Colombia, Ecuador, Peru, and Venezuela. The airline offers flights to cities such as Lima, Quito, Medellin, and Caracas. These routes cater to both leisure and business travelers, providing connections to vibrant cities, historic sites, and natural wonders.
• Mexico: It is a country located in the southern part of North America and the company offers flights to several destinations. It includes major cities such as Mexico City, Cancun, and Monterrey.

In Q1 2023,14 % of its total revenue amounting to $174 million was generated from Latin America. Revenue from Latin America grew by 24% year over year growth from $140 million in Q1 2022.

About Spirit Airlines

Spirit Airlines is an American ultra-low-cost carrier that operates both domestic and international flights. It was founded in 1980. Spirit Airlines is known for its no-frills approach to air travel, offering low base fares and charging additional fees for services such as checked baggage, seat selection, and in-flight refreshments. The Spirit Airlines business model focuses on cost efficiency and customization, allowing passengers to pay for only the services they need.

Did you like Spirit Airlines’ Revenue Breakdown Worldwide statistic?

Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.

You can get started here.