secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001498710-23-000167
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000167/0001498710-23-000167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000167/save-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001498710-23-000167

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