2024-02-08 14:33:04 ET
Spirit Airlines, Inc. (SAVE)
Q4 2023 Earnings Conference Call
February 8, 2024 10:00 AM ET
Company Participants
DeAnne Gabel - Senior Director, IR
Ted Christie - President and CEO
Matthew Klein - EVP and CCO
Scott Haralson - EVP and CFO
Conference Call Participants
Christopher Stathoulopoulos - Susquehanna
Mike Linenberg - Deutsche Bank
Conor Cunningham - Melius Research
Scott Group - Wolfe Research
Andrew Didora - Bank of America
Dan McKenzie - Seaport Global
Helane Becker - TD Cowen
Presentation
Operator
Thank you for standing by. My name is Greg, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Spirit Airlines’ Fourth Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
I would now like to turn the call over to DeAnne Gabel, Senior Director, Investor Relations. DeAnne, please go ahead.
DeAnne Gabel
Thank you, Greg, and welcome, everyone, to Spirit Airlines’ fourth quarter 2023 earnings conference call. This call is being recorded and simultaneously webcast. As soon as it is available, we will archive a replay of this call on our website for a minimum of 60 days.
Presenting on today’s call are Ted Christie, Spirit’s Chief Executive Officer; Matt Klein, our Chief Commercial Officer; and Scott Haralson, our Chief Financial Officer. Also joining us are other members of our senior leadership team. Following our prepared remarks, there will be a question-and-answer session for analysts.
Today’s discussion contains forward-looking statements that are based on the company’s current expectations and are not a guarantee of future performance. There could be significant risks and uncertainties that cause actual results to differ materially from those contained in our forward-looking statements, including, but not limited to, various risks and uncertainties related to the acquisition of Spirit by JetBlue and other risk factors discussed in our reports on file with the SEC. We undertake no duty to update any forward-looking statements, and investors should not place undue reliance on these forward-looking statements.
In comparing results today, we will be adjusting all periods to exclude special items unless otherwise noted. For an explanation and reconciliation of these non-GAAP measures to GAAP, please refer to the reconciliation tables provided in our fourth quarter 2023 earnings release, a copy of which is available on our website under the Investor Relations section at ir.spirit.com.
I will now turn the call over to Ted Christie.
Ted Christie
Thanks, DeAnne and thanks to everyone for joining us on the call today. As we look back on 2023, while our financial results for the full year were unsatisfactory, I am proud of what our team accomplished and we are well on our way to make the necessary strategic shifts that will enable Spirit to compete effectively in the current demand environment.
First of all, I thank all our Spirit team members for their dedication and commitment in caring for our guests and each other while overcoming the operational and financial challenges we faced in 2023. We and a special thank you to all who carry the extra burden of preparing for the court case and working on merger integration planning while attending to their regular full-time duties.
The professionalism and enthusiasm of the Spirit team is unmatched, and I'm honored to work alongside such remarkable people as we deploy our plan to return to sustained profitability....
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Spirit Airlines, Inc. (SAVE) Q4 2023 Earnings Call Transcript