Spirit Airlines reports Q2 net loss $2.3M, adjusted EPS $0.29; Q3 margin guidance negative 5.5%-7.5%

Spirit Aviation Holdings, Inc.

2023-Q2 EPS reported -$0.97 revenue$2,782,246,000

Q2 net loss $2.3M ($0.02 diluted loss); adjusted net income $32.3M ($0.29 adjusted diluted EPS).
Total revenue $1.43B, up 4.8% YoY; TRASM down 10.7% on 17.4% more capacity.
Fare revenue per segment fell 20.1% to $57.86; non-ticket rev per segment up 2.9% to $70.17.
Q3 2023 operating margin guided at -5.5% to -7.5% due to pilot/NEO engine issues and softer demand.
JetBlue merger antitrust trial set for Oct 16, 2023; expected close in H1 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Spirit Aviation Holdings, Inc. reported second quarter 2023 results: revenue $1,432.5 million, net income $(2.3) million, EPS $(0.02).

Period: second quarter 2023
Revenue: $1,432.5 million
Net income: $(2.3) million
EPS: $(0.02)
Result: reported results

Exact text from the filing

("Spirit" or the "Company") (NYSE: SAVE) today reported second quarter 2023 financial results. Second Quarter 2023 (unaudited) As Reported Adjusted 1 Total operating revenues $1,432.5 million $1,432.5 million Operating income (loss) $20.2 Million $47.0 Million Operating margin 1.4% 3.3% Net income (loss) $(2.3) million $32.3 million Diluted earnings (loss) per share

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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 0001498710-23-000167

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