Stocktoria
Spirit Aviation Holdings, Inc. FLYYQ
Spirit Aviation Holdings, Inc. (FLYYQ) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2024 revenue was $4.9B at a -25.0% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
How it ranks in Transportation & Utilities · percentile among 351 companies
Percentile vs other Transportation & Utilities companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.035 |
| Retained earnings / assets | -0.122 |
| EBIT / assets | -0.115 |
| Equity / liabilities | -0.008 |
Sector peers · similar-size Transportation & Utilities companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| FLYYQ | Spirit Aviation Holdings, Inc. | 3/9 | -0.95 | — | -8.4% |
| SKYW | SKYWEST INC | 7/9 | 2.01 | 9.2 | +15% |
| ULCC | Frontier Group Holdings, Inc. | — | -1.08 | — | -1.4% |
| ALGT | Allegiant Travel CO | 5/9 | 1.07 | — | +3.7% |
| JBLU | JETBLUE AIRWAYS CORP | 2/9 | -0.31 | — | -2.3% |
| ALK | ALASKA AIR GROUP, INC. | 5/9 | 0.1 | 60 | +21.3% |
| LUV | SOUTHWEST AIRLINES CO | 7/9 | 1.14 | 57.5 | +2.1% |
All Transportation & Utilities companies →
About Spirit Aviation Holdings, Inc.
Spirit Aviation Holdings, Inc. engages in providing passenger air transportation services. It serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet. The company was founded in 1964 and is based in Dania Beach, Florida. On August 29, 2025, Spirit Aviation Holdings, Inc. along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.
FAQ
Is FLYYQ financially healthy?
Spirit Aviation Holdings, Inc.'s Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does FLYYQ pay a dividend?
No, Spirit Aviation Holdings, Inc. does not currently pay a dividend.
How profitable is FLYYQ?
In FY2024, Spirit Aviation Holdings, Inc. had a net margin of -25.0%.
Is FLYYQ a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Spirit Aviation Holdings, Inc.: a Piotroski F-score of 3/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2024-12-31. Facts plus Stocktoria's own computed scores — not investment advice.