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spirit Ⓡ Investor Relations Contact : Investor Relations Investorrelations@spirit.com ( 954 ) 447-7920 Media Contact : Spirit Media Relations media relations@spirit.com ( 954 ) 364-0231 Spirit Airlines Reports Third Quarter 2021 Results MIRAMAR , Fla . , October 27 , 2021 - Spirit Airlines , Inc. ( NYSE : SAVE ) today reported third quarter 2021 financial results . Ended the third quarter 2021 with $ 1.9 billion of unrestricted cash , cash equivalents , short - term investment securities and liquidity available under the Company's revolving credit facility Total Operating Revenues Pre - tax Income ( Loss ) Net Income ( Loss ) Diluted Earnings ( Loss ) Per Share Third Quarter 2021 As Reported Third Quarter 2020 Third Quarter 2019 $ 922.6 million $ ( 17.0 ) million $ 401.9 million $ ( 128.5 ) million $ 992.0 million $ 109.0 million $ 14.8 million $ 0.14 $ ( 99.1 ) million $ ( 1.07 ) $ 83.5 million $ 1.22 Third Quarter 2021 Adjusted¹ Third Quarter 2020 $ ( 176.4 ) million Third Quarter 2019 Adjusted EBITDA Adjusted EBITDA Margin $ 9.4 million 1.0 % Adjusted Pre - tax Income ( Loss ) $ ( 95.9 ) million ( 43.9 ) % $ ( 276.8 ) million $ 191.5 million 19.3 % $ 118.1 million Adjusted Net Income ( Loss ) Adjusted Net Income ( Loss ) Per Share , Diluted $ ( 74.6 ) million $ ( 0.69 ) $ ( 215.4 ) million $ ( 2.32 ) $ 90.5 million $ 1.32 " I want to thank our Team Members for persevering and overcoming the challenges we have faced along the road to recovery in these last few months and for remaining focused on the road ahead nonetheless . Higher fuel prices , continued travel restrictions , and near - term staffing issues have all played their part in delaying our return to sustained profitability , but they have not changed the long - term outlook for Spirit . Looking ahead , we continue to position Spirit for the post - pandemic environment – an environment in which Spirit will remain the low - cost leader among U.S. operators , with ample opportunities for continued growth and among the best margins in the business , " said President and Chief Executive Officer Ted Christie . COVID - 19 - Since its initial onset in early 2020 , the impact of the COVID - 19 pandemic has evolved and continues to be fluid . Therefore , the Company's financial and operational outlook remains subject to change . The Company continues to monitor the impact of the pandemic on its operations and financial condition , and to adjust its mitigation and operational strategies accordingly . Spirit has implemented measures for the safety of its Guests and Team Members as well as to mitigate the impact of COVID - 19 on its financial 1