secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001498710-23-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spirit posts Q4 GAAP loss $270.7M, adjusted profit $0.12/share; 2023 capacity up 19-22%
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- Q4 GAAP net loss $270.7M ($2.49/diluted share); adjusted net income $12.6M ($0.12/diluted share).
- Total operating revenue $1.39B, up 43.5% vs Q4 2019; TRASM 10.81¢, +17% on 22.7% more capacity.
- Adjusted operating income $57.6M (4.1% margin); GAAP operating loss $305.7M.
- FY2023 capacity expected +19-22% vs 2022; CASM ex-fuel mid-to-high 6¢ range including pilot contract.
- Agreed to sell 29 A319ceo aircraft to Gryphon; deliveries through Q3 2024; fleet at 194 aircraft.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000079/0001498710-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000079/save-20230206.htm
  HTML page:      https://secwatch.observer/filing/0001498710-23-000079

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