{"schema_version":"secwatch.filing_event.v1","accession":"0001498710-24-000165","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.684515+00:00","generated_at":"2026-06-02T21:57:48.810143+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Spirit Airlines Q1 2024 net loss $160.2M; cost savings $75M+; AOG credits $150-200M; fleet deferrals","bullets":["Q1 2024 operating loss of $207.3M; adjusted net loss of $160.2M ($1.46 diluted EPS).","Total operating revenues $1,265.5M, down 6.2% YoY; TRASM decreased 8.2% to 9.38 cents.","Cost saving initiatives expected to benefit 2024 by over $75M; annualized run-rate over $100M.","Reached agreement with Pratt & Whitney for AOG compensation; expects $150-200M credits in 2024.","Deferred Airbus deliveries from Q2 2025-2026 to 2030-2031; enhances 2024 liquidity by ~$230M."],"urls":{"canonical":"https://secwatch.observer/filing/0001498710-24-000165","json":"https://secwatch.observer/filing/0001498710-24-000165.json","markdown":"https://secwatch.observer/filing/0001498710-24-000165.md","text":"https://secwatch.observer/filing/0001498710-24-000165.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000165/0001498710-24-000165-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000165/save-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:57:48.810143+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"06d541bc0b7a225f57a2db10abaf9f7b554118f1","claim":"Spirit Aviation Holdings, Inc. reported first quarter of 2024 results: revenue $1,265.5 million, net income $(142.6) million, EPS $(1.30).","evidence_excerpt":"portion of the credits from Pratt & Whitney related to aircraft unavailable for service. First Quarter 2024 (unaudited) As Reported Adjusted 1 Total operating revenues $1,265.5 million $1,265.5 million Operating income (loss) $(207.3) million $(175.6) million Operating margin (16.4)% (13.9)% Adj. Operating income (loss), for AOG credits — $(146.6) million Adj.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000165/0001498710-24-000165-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Revenue","value":"$1,265.5 million"},{"label":"Net income","value":"$(142.6) million"},{"label":"EPS","value":"$(1.30)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}