secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001498710-23-000193
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000193/0001498710-23-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000149871023000193/save-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001498710-23-000193

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