---
schema_version: "secwatch.filing_event.v1"
accession: "0001498710-24-000216"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:53:12.441570+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Spirit files NT 10-Q; Q3 margin down ~12ppts; restructuring talks may cancel equity

## Summary
- Filed Form 12b-25 for delayed Q3 2024 10-Q due to restructuring negotiations with noteholders.
- Preliminary Q3 2024: total operating revenues down ~$61M YoY; operating expenses up ~$46M.
- Operating margin estimated ~12 percentage points lower than Q3 2023.
- Discussions with supermajority of noteholders; if agreement reached, expected to cancel existing equity.
- If no deal, company will consider all alternatives; unsecured creditors, employees, lessors not expected to be impaired.

## SEC filing metadata
- accession: 0001498710-24-000216
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000149871024000216/0001498710-24-000216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000149871024000216/save-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498710-24-000216
- JSON: https://secwatch.observer/filing/0001498710-24-000216.json
- Plain text: https://secwatch.observer/filing/0001498710-24-000216.txt

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