Spirit Airlines Q1 2023 net loss $103.9M; revenue up 39.5%; sees Q2 margin 4.5-6.5%

Spirit Aviation Holdings, Inc.

2023-Q1 EPS reported -$0.95 revenue$1,349,774,000

Net loss of $103.9M ($0.95 diluted EPS loss); adjusted net loss $89.4M ($0.82 adjusted EPS loss).
Total operating revenues $1.35B, up 39.5% YoY; TRASM up 23.9% on 12.7% more capacity.
Q2 2023 operating margin guidance 4.5-6.5%; FY2023 capacity growth at lower end of 18-20% due to NEO engine issues and pilot attrition.
DOJ lawsuit to block JetBlue merger; trial set for October 16, 2023.
Ended Q1 with $1.7B liquidity; fleet of 195 aircraft, plan to reach 204 by end-2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Spirit Aviation Holdings, Inc. reported first quarter 2023 results: revenue $1,349.8 million, net income $(103.9) million, EPS $(0.95). Guidance lowered.

Period: first quarter 2023
Revenue: $1,349.8 million
Net income: $(103.9) million
EPS: $(0.95)
Guidance: lowered
Result: reported results

Exact text from the filing

reported first quarter 2023 financial results. First Quarter 2023 (unaudited) As Reported Adjusted 1 Total operating revenues $1,349.8 million $1,349.8 million Operating income (loss) $(112.4) Million $(91.3) Million Operating margin (8.3)% (6.8)% Net income (loss) $(103.9) million $(89.4) million Diluted earnings (loss) per share $(0.95) $(0.82)

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Spirit Aviation Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001498710-23-000137

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