Spirit Airlines, Inc. (NYSE:SAVE) Q4 2022 Earnings Conference Call February 7, 2023 10:00 AM ET

Company Participants

DeAnne Gabel - Senior Director, Investor Relations

Ted Christie - Chief Executive Officer

Matt Klein - Chief Commercial Officer

Scott Haralson - Chief Financial Officer

Conference Call Participants

Mike Linenberg - Deutsche Bank

Jamie Baker - JPMorgan

Duane Pfennigwerth - Evercore ISI

Dan McKenzie - Seaport Global

Helane Becker - Cowen

Savi Syth - Raymond James

Stephen Trent - Citi

Scott Group - Wolfe Research

Operator

Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today. At this time, I would like to welcome everyone to the Spirit Airlines Fourth Quarter 2022 Earnings Conference Call. Today’s conference is being recorded. [Operator Instructions] Thank you. And I will now turn the conference over to DeAnne Gabel, Senior Director of Investor Relations. You may begin.

DeAnne Gabel

Thank you, Abby and welcome, everyone to Spirit Airlines’ fourth quarter 2022 earnings call. This call is being recorded and simultaneously webcast. A replay of this call will be archived 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 in the room are other members of our senior leadership team.

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 as 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. For an explanation and reconciliation of these non-GAAP measures to GAAP, please refer to the reconciliation tables provided in our fourth quarter 2022 earnings release, a copy of which is available on our website.

And with that, I will now turn the call over to Ted Christie, Spirit’s Chief Executive Officer.

Ted Christie

Thanks, DeAnne and thanks to everyone for joining us on the call today and a special thanks to everyone on the Spirit team. Together, we overcame many challenges throughout the year and thanks to our team members’ dedication, we made excellent progress on the steps necessary to return Spirit to sustained profitability.