Spirit Airlines Files 8-K on Financials

TL;DR

Spirit Airlines filed an 8-K, expect financial updates soon.

AI Summary

Spirit Airlines, Inc. filed an 8-K on May 6, 2024, to report on its results of operations and financial condition, as well as to provide Regulation FD disclosures and file financial statements and exhibits. The filing does not contain specific financial figures or operational details within the provided text.

Why It Matters

This filing indicates Spirit Airlines is providing updates on its financial performance and operational status to the SEC, which is important for investors to monitor.

Risk Assessment

Risk Level: low — The filing is a standard disclosure and does not contain immediate negative news.

Key Players & Entities

• Spirit Airlines, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• May 6, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value SAVE New York Stock Exchange

Filing Documents

• save-20240506.htm (8-K) — 29KB
• earningsrelease1q24.htm (EX-99.1) — 307KB
• investorupdate050624.htm (EX-99.2) — 34KB
• fleetplanasofmay62024a01.htm (EX-99.3) — 1KB
• fleetplanasofmay62024a01001.jpg (GRAPHIC) — 65KB
• spiritlogob.jpg (GRAPHIC) — 17KB
• 0001498710-24-000165.txt ( ) — 640KB
• save-20240506.xsd (EX-101.SCH) — 2KB
• save-20240506_lab.xml (EX-101.LAB) — 22KB
• save-20240506_pre.xml (EX-101.PRE) — 12KB
• save-20240506_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On May 6, 2024, Spirit Airlines, Inc. (the "Company" or "Spirit") issued a press release announcing its unaudited financial results for the first quarter of 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference (the "Earnings Press Release"). Non-GAAP financial measures that reflect adjustments from historical financial data prepared under GAAP, including adjustments for special items, are included in the Earnings Press Release as supplemental disclosures because the Company believes they are useful indicators of the Company's operating performance for comparative purposes. These non-GAAP financial measures are well recognized performance measurements in the airline industry that are frequently used by investors, securities analysts and other interested parties in comparing the operating performance of companies in the airline industry. The non-GAAP financial measures provided have limitations as an analytical tool. Because of these limitations, non-GAAP financial measures should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. The Company has also provided in the Earnings Press Release reconciliations of these non-GAAP financial measures to the appropriate GAAP financial measures.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On May 6, 2024, the Company posted a copy of an investor update (the "Investor Update") providing second quarter and full year 2024 guidance as well a Fleet Plan on its investor relations website at https://ir.spirit.com. A copy of the Investor Update and a copy of the Fleet Plan are furnished pursuant to this Item 7.01 as Exhibit 99.2 and Exhibit 99.3, respectively, to this Current Report on Form 8-K and incorporated by reference herein in its entirety. Investors are encouraged to read the Investor Update and the Fleet Plan in conjunction with the Earnings Press Release. The Company reserves the right to discontinue availability of the Investor Update from its website at any time. Pursuant to General Instruction B.2. to Form 8-K, the information set forth in this Current Report on Form 8-K, including Exhibits 99.1, 99.2 and 99.3 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities thereof, nor shall it be incorporated by reference into future filings by the Company under the Exchange Act or under the Securities Act of 1933, as amended, except to the extent specifically provided in any such filing. Additionally, the submission of the information set forth in this Item 7.01 is not deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely by Regulation FD.

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 First Quarter 2024 Earnings Press Release 99.2 Investor Guidance as of May 6, 2024 99.3 Fleet Plan as of May 6, 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: May 6, 2024 SPIRIT AIRLINES, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Senior Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR