secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001498710-23-000137
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000137/0001498710-23-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000137/save-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001498710-23-000137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer