Spirit Airlines 2015 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2015 Spirit Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

30
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
Aircraft
As of December 31, 2015, we operated a fleet of 79 aircraft as detailed in the following table:
Aircraft Type Seats Average Age
(years) Number of
Aircraft Number
Owned Number
Leased
A319 145 9.6 29 — 29
A320 178 2.6 42 12 30
A321 218 - 228 2.8 8 6 2
5.2 79 18 61
As of December 31, 2015, our firm aircraft orders, consisted of 87 A320 family aircraft with Airbus (13 A320ceos, 40
A320neos, 24 A321ceos and 10 A321neos) and an additional 5 direct operating leases for A320neos with a third-party lessor.
As of December 31, 2015, our future fleet plan, net of contractual lease returns, is illustrated in the table below.
Aircraft Type 2016 2017 2018 2019 2020 2021
A319 26 22 17 16 9 5
A320 45 53 55 55 55 55
A320neo 5 5 11 14 27 45
A321 17 25 30 30 30 30
A321neo — — — 10 10 10
Total Aircraft 93 105 113 125 131 145
Note 1: Actual fleet count may differ depending on future fleet decisions, including actual lease retirements.
Note 2: We have been notified by our third-party lessor that the delivery of one or more of the A320neos scheduled for 2016 may be delayed until
2017. We do not believe this delay in delivery date to be significant.
We also have four spare engine orders for V2500 SelectOne engines with IAE and nine spare engine orders for
PurePower PW 1100G-JM engines with Pratt & Whitney. Spare engines are scheduled for delivery from 2017 through 2023.
Ground Facilities
We lease all of our facilities at each of the airports we serve. Our leases for terminal passenger service facilities, which
include ticket counter and gate space, operations support areas and baggage service offices, generally have a term ranging from
month-to-month to 16 years, and contain provisions for periodic adjustments of lease rates. We also are responsible for
maintenance, insurance and other facility-related expenses and services. We also have entered into use agreements at the
airports we serve that provide for the non-exclusive use of runways, taxiways and other airfield facilities. Landing fees paid
under these agreements are based on the number of landings and weight of the aircraft.
As of December 31, 2015, Ft. Lauderdale/Hollywood International Airport (FLL) remained our single largest airport
served, with approximately 13% of our capacity operating from FLL during 2015. We operate primarily out of Terminal 4 at
FLL, the international terminal. We currently use up to ten gates simultaneously at Terminal 4. We have preferential access to
seven of the Terminal 4 gates, common use access to the remaining three Terminal 4 gates, and access to other Terminal 3
gates. FLL is in the middle of a concourse replacement and expansion project, which will expand the number of gates at
Terminal 4 from 10 to 14. Other airports through which we conduct significant operations include Chicago O'Hare International
Airport (ORD), McCarran International Airport (LAS) serving Las Vegas, Dallas-Fort Worth International Airport (DFW),
Detroit Metropolitan Wayne County Airport (DTW) and George Bush Intercontinental Airport (IAH).
Our largest maintenance facility is currently located in a leased facility at FLL under a lease that expires in January 2022.
We also conduct additional maintenance operations in leased facilities in Detroit, Michigan; Chicago, Illinois; Atlantic City,
New Jersey; Dallas, Texas; Houston, Texas; and Las Vegas, Nevada.