secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001498710-24-000195
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spirit Airlines Q2 2024 net loss $192.9M; revenue down 10.6%; targets $100M cost savings
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- Net loss $192.9M ($1.76 EPS); adjusted net loss $157.9M ($1.44 adjusted EPS).
- Operating revenue $1,280.9M (down 10.6% YoY); total revenue per ASM down 12.1%.
- Transformation plan: four fare options (Go Big, Go Comfy, Go Savvy, Go), no change/cancel fees.
- Cost savings $100M annual run-rate target; $75M expected by year-end; furloughing ~240 pilots, downgrading ~100 captains.
- Liquidity $1.14B at Q2 end; expects >$1.0B year-end; deferred Airbus deliveries from 2025-26 to 2030-31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000149871024000195/0001498710-24-000195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000149871024000195/save-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001498710-24-000195

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