Spirit Airlines, Inc.

Climate Impact & Sustainability Data (2020, 2023)

Operates one of the youngest fleets of any U.S. airline, including newest-generation aircraft that provide substantially higher fuel efficiency and reduced carbon emissions.
First North American carrier to operate the “new engine option” (“neo”) version of the Airbus A320 aircraft, reducing fuel consumption by 15-20% and greenhouse gas emissions.
Entered into a new fleet purchase agreement with Airbus for 100 A320neo family aircraft.
High-density seat configuration results in a smaller carbon footprint per passenger and increased fuel efficiency.
New fuel policy aims to reduce excess planned fuel to save weight and fuel burn.
All aircraft are equipped with new-generation seats that reduce weight on board.
Baggage policies incentivize passengers to bring fewer and lighter bags.
Participating in CORSIA, an emission mitigation approach for the global airline industry.

Pledged $250,000 flight vouchers to various U.S. organizations advocating for social justice and civil rights.
Operated over 260 relief flights to aid more than 30,000 stranded travelers due to the COVID-19 pandemic.
Official airline partner of the Department of Homeland Security and DOT Blue Campaign to prevent human trafficking.
Ongoing partnership with the International Aviation Women’s Association.
Implemented a leadership training program for women leaders.

Adopted a new clawback policy expanding scenarios under which forfeiture and recoupment of incentive compensation would be allowed and expanding coverage to all executives.
Maintains stock ownership guidelines for non-employee directors and executives.
Has an anti-hedging and anti-pledging policy applicable to executives and directors.

COVID-19 pandemic dramatically disrupted the airline industry and the company's business, resulting in cancellations and significantly reduced travel.
Sharp declines in passenger demand and bookings beginning in March 2020.

Reducing planned discretionary non-aircraft capital spend in 2020 by approximately $70 million.
Deferring approximately $25 million in heavy maintenance events from 2020 to 2021.
Reducing planned non-fuel operating costs for 2020 by approximately $30 million, excluding savings related to reduced capacity.
Suspending hiring across the Company except to fill essential roles.
Entering into agreements to defer payments in 2020 related to facility rents and other airport services contracts.
Entering into agreements with lessors to temporarily defer aircraft rent payments.
Working with service providers to temporarily defer maintenance and service contract payments.
Creating voluntary leave programs for employees.
Pursuing additional financing secured by its unencumbered assets.

Operates one of the youngest fleets of any U.S. airline, including newest-generation aircraft that provide substantially higher fuel efficiency and reduced carbon emissions.
First North American carrier to operate the “new engine option” (“neo”) version of the Airbus A320 aircraft, reducing greenhouse gas emissions.
Accelerated the retirement of 29 A319 aircraft in Q4 2022, completed the sale of 12 A319 airframes and 20 A319 engines in 2023.
High-density seat configuration results in a smaller carbon footprint per passenger and increased fuel efficiency.
Fuel policy aims to reduce excess planned fuel, optimize landing approaches for reduced fuel consumption and aircraft noise.
Aircraft are equipped with new-generation “thin and light” ergonomic seats which reduce weight on board, and baggage policies incentivize lighter bags.

Official airline partner of the Department of Homeland Security and DOT Blue Campaign to prevent human trafficking.
Ongoing partnership with the International Aviation Women’s Association.
Diverse workforce.
Leadership training program for women leaders.
Spirit Airlines Charitable Foundation raised over $4,000,000.
Recognized by Forbes as one of America’s best companies for diversity, equity, and inclusion in 2022.
Recognized by Newsweek as one of America’s Greatest Workplaces for Diversity and for Parents and for Families in 2023.
Launched DEI&B Council Groups in 2020.

Commitment to excellence in corporate governance and incorporating best practices.
Board and committees provide guidance and oversight to management with respect to ESG matters.
Nominating and Corporate Governance Committee reviews ESG strategy and practices.
Audit Committee oversees related risks.

Lower fare and load factor levels in the second half of 2023 due to shifts in supply and demand for domestic air travel.
Higher unit costs due to pilot shortages and inflationary pressures.
Engine availability issues due to problems with Pratt & Whitney PW 1100G-JM (“GTF”) engines.

Modifying the cadence of aircraft deliveries and slowing capacity growth in the near term.
Sale-leaseback transactions for 25 aircraft resulting in net cash proceeds of approximately $419 million.
Amended senior secured revolving credit facility to extend maturity to September 30, 2025.

Value Airline of the Year by Aviation Week Network’s Air Transport World (ATW)
FAA’s “Aviation Maintenance Technician Diamond Award of Excellence”
Four-Star Low-Cost Carrier by the Airline Passenger Experience Association (APEX)
San Diego International Airport Fly Quiet Award
LAX Fly Quieter Award (bronze winner)
Most Affordable Airline and No. 2 of 11 overall by WalletHub