---
schema_version: "secwatch.filing_event.v1"
accession: "0001498710-23-000193"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:28:37.964245+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001498710-23-000193
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000149871023000193/0001498710-23-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000149871023000193/save-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498710-23-000193
- JSON: https://secwatch.observer/filing/0001498710-23-000193.json
- Plain text: https://secwatch.observer/filing/0001498710-23-000193.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498710/000149871023000193/0001498710-23-000193-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.