Spirit Airlines Files 8-K for Material Agreement
Ticker: FLYYQ · Form: 8-K · Filed: Apr 8, 2024 · CIK: 1498710
| Field | Detail |
|---|---|
| Company | Spirit Airlines, INC. (FLYYQ) |
| Form Type | 8-K |
| Filed Date | Apr 8, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $340 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, sec-filing, airline
Related Tickers: SAVE
TL;DR
Spirit Airlines signed a new material definitive agreement on April 3rd.
AI Summary
Spirit Airlines, Inc. filed an 8-K on April 8, 2024, reporting a material definitive agreement entered into on April 3, 2024. The filing also includes Regulation FD disclosures and financial statements/exhibits. Specific details of the agreement are not provided in this excerpt.
Why It Matters
This filing indicates a significant new agreement for Spirit Airlines, which could impact its operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial performance and stock price.
Key Numbers
- 001-35186 — SEC File Number (Identifies the specific SEC filing for Spirit Airlines)
- 38-1747023 — IRS Employer Identification Number (Tax identification number for Spirit Airlines)
Key Players & Entities
- Spirit Airlines, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- April 8, 2024 (date) — Filing date
- April 3, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Spirit Airlines?
The provided excerpt does not specify the details of the material definitive agreement, only that one was entered into on April 3, 2024.
When was this Form 8-K filed with the SEC?
The Form 8-K was filed on April 8, 2024.
What is Spirit Airlines' principal executive address?
Spirit Airlines' principal executive address is 2800 Executive Way, Miramar, Florida 33025.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is Spirit Airlines' fiscal year end?
Spirit Airlines' fiscal year ends on December 31.
Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 9.8 · Accepted 2024-04-08 06:32:08
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value SAVE New York Stock Exchange
- $340 million — t's liquidity position by approximately $340 million over the next two years. The precedin
Filing Documents
- save-20240403.htm (8-K) — 29KB
- pressrelease4824.htm (EX-99.1) — 5KB
- pressrelease4824001.jpg (GRAPHIC) — 267KB
- pressrelease4824002.jpg (GRAPHIC) — 83KB
- 0001498710-24-000149.txt ( ) — 642KB
- save-20240403.xsd (EX-101.SCH) — 2KB
- save-20240403_lab.xml (EX-101.LAB) — 22KB
- save-20240403_pre.xml (EX-101.PRE) — 12KB
- save-20240403_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. On April 3, 2024, Spirit Airlines, Inc. (the "Company") entered into Amendment No. 7 (the "Amendment") to the A320 NEO Family Purchase Agreement, dated as of December 20, 2019 (the "Airbus Purchase Agreement") with Airbus S.A.S. ("Airbus"). The Amendment, (i) defers all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031, and (ii) adjusts the delivery periods of option aircraft from 2027-2029 to 2029-2031. There are no changes to the aircraft on order that are scheduled to be delivered in 2027-2029. The foregoing is expected to improve Spirit's liquidity position by approximately $340 million over the next two years. The preceding description is qualified in its entirety by reference to the full text of the Amendment, a copy of which the Company intends to file as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. The information in this report furnished pursuant to Item 7.01 shall not be deemed "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended (the "Securities Act"), if such subsequent filing specifically references the information furnished pursuant to Item 7.01 of this report. The Company plans to issue an Investor Update on or before April 15, 2024 that will provide select guidance items for the first quarter and full year 2024. The Company is scheduled to announce first quarter 2024 results before market open on May 6, 2024, with a conference call following at 10:00 a.m E.T. A live, listen-only webcast of the conference call will be available at http://ir.spirit.com. Any changes to the Company's scheduled presentation time will be posted on its website under the Investor Relations section at http://ir.spirit.com. The Company plans to make the webcast available for replay within 24 hours of the conference call and then archive it on the website under Events and Presentations at http://ir.spirit.com for 60 days.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following is furnished as an exhibit to this report and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act: Exhibit No. Description 99.1 Press Release dated April 8, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 8, 2024 SPIRIT AIRLINES, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Senior Vice President and General Counsel