Spirit Airlines Q4 2022 net loss $270.7M; adjusted EPS $0.12; FY23 capacity guidance raised to 19-22% YoY

Spirit Aviation Holdings, Inc.

2022-FY EPS reported -$5.10 revenue$5,068,447,000

Q4 revenue $1.391B (+43.5% vs Q4 2019); TRASM up 17.0% on 22.7% more capacity.
Adjusted pre-tax income $23.0M; adjusted net income $12.6M ($0.12 diluted EPS).
FY 2023 CASM ex-fuel guidance corrected to 'high 6-cent range', includes ~30 bps pilot contract cost.
Sold 29 A319ceo to Gryphon; deliveries 2023-2024; ended Q4 with 194 aircraft.
Issued additional $600M 8.00% senior secured notes due 2025; revolver capacity increased to $300M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Spirit Aviation Holdings, Inc. reported the fourth quarter and full year of 2022 results: revenue $1,391.3 million, net income $12.6 million, EPS $0.12. Guidance lowered.

Period: the fourth quarter and full year of 2022
Revenue: $1,391.3 million
Net income: $12.6 million
EPS: $0.12
Guidance: lowered
Result: reported results

Exact text from the filing

to sustained profitability," said Ted Christie, Spirit's President and Chief Executive Officer. Fourth Quarter 2022 (unaudited) As Reported Adjusted 1 Total operating revenues $1,391.3 million $1,391.3 million Operating income (loss) $(305.7) Million $57.6 Million Operating margin (22.0)% 4.1% Net income (loss) $(270.7) million $12.6 million Diluted income (loss) per

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Spirit Aviation Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001498710-23-000082

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