---
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"
generated_at: "2026-06-02T21:57:48.810143+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spirit Airlines Q1 2024 net loss $160.2M; cost savings $75M+; AOG credits $150-200M; fleet deferrals

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498710-24-000165
- JSON: https://secwatch.observer/filing/0001498710-24-000165.json
- Plain text: https://secwatch.observer/filing/0001498710-24-000165.txt

## Key facts
- Earnings Releases
  Spirit Aviation Holdings, Inc. reported first quarter of 2024 results: revenue $1,265.5 million, net income $(142.6) million, EPS $(1.30).
  - Period: first quarter of 2024
  - Revenue: $1,265.5 million
  - Net income: $(142.6) million
  - EPS: $(1.30)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498710/000149871024000165/0001498710-24-000165-index.htm

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