SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Files An 8-K Results of Operations and Financial Condition

0

SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Files An 8-K Results of Operations and Financial Condition
Item 2.02

Results of Operations and Financial Condition

Spirit Airlines, Inc. (the “Company” or “Spirit”) is providing certain recast of 2017 financial information in accordance with the adoption of Accounting Standards Update (ASU) No.2014-09,(ASU 2014-09) "Revenue from Contracts with Customers". The impacts of adoption and related disclosures required by GAAP will be reported in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, as well as in subsequent filings.

Item 7.01

Regulation FD Disclosure.

The information in this report furnished 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 to Item 7.01 of this report.

On April10, 2018, the Company provided an update to investors regarding the Company's first quarter 2018 guidance and a recast of certain 2017 financial information; a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The guidance provided therein is only an estimate of what the Company believes is realizable as of the date of this investor update. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

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

Investor Update regarding first quarter 2018 guidance and recast of certain financial information.


Spirit Airlines, Inc. Exhibit
EX-99.1 2 investorupdate041018.htm INVESTOR UPDATE 04.10.18 Exhibit Exhibit 99.1 Investor UpdateApril 10,…
To view the full exhibit click here

About SPIRIT AIRLINES, INC. (NASDAQ:SAVE)

Spirit Airlines, Inc. is an airline company. The Company’s all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket. The Company offers a range of optional services, allowing customers to save by paying only for the options they choose such as bags, advance seat assignments and refreshments. The Company’s route network includes approximately 151 markets throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.