Spirit Airlines Q3 net loss $157.6M; Pratt & Whitney engine groundings to spike in 2024

Spirit Aviation Holdings, Inc.

2023-Q3 EPS reported -$2.42 revenue$4,040,789,000

Net loss $157.6M ($1.44 diluted EPS); adjusted loss $149.8M ($1.37). Revenue $1.26B, down 6.3% YoY.
Operating loss $188.8M (‑15.0% margin); adjusted operating loss $178.6M.
Pratt & Whitney GTF engine inspections: avg 10 neo grounded Q4 2023, rising to avg 26 in 2024 (peak 41).
2024 capacity expected flat to up mid‑single digits; $100M structural cost savings targeted.
JetBlue merger trial begins Oct 31, 2023; companies expect close by 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 0.9

Spirit Aviation Holdings, Inc. reported third quarter of 2023 results: revenue $1,258.5 million, net income $(157.6) million, EPS $(1.44).

Period: third quarter of 2023
Revenue: $1,258.5 million
Net income: $(157.6) million
EPS: $(1.44)
Result: reported results

Exact text from the filing

Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported third quarter 2023 financial results. Third Quarter 2023 (unaudited) As Reported Adjusted 1 Total operating revenues $1,258.5 million $1,258.5 million Operating income (loss) $(188.8) million $(178.6) million Operating margin (15.0)% (14.2)% Net income (loss) $(157.6) million $(149.8) million Diluted earnings

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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 0001498710-23-000193

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