Published on : Friday, October 11, 2013
Spirit Airlines today reported its preliminary traffic results for September 2013 and year-to-date 2013.
Traffic (revenue passenger miles) in September 2013 increased 28.8 percent versus September 2012 on a capacity (available seat miles) increase of 24.9 percent. Load factor for September 2013 was 84.7 percent, an increase of 2.5 points as compared to September 2012. Spirit’s preliminary completion factor for September 2013 was 99.5 percent.
The following table summarizes Spirit’s traffic results for the month and year-to-date ended September 30, 2013 and 2012.
Third Quarter 2013 Guidance
The Company estimates its total revenue per ASM (RASM) for the third quarter 2013 increased 8.0 to 9.0 percent year-over-year, which is better than previously expected due to stronger close-in bookings late in the quarter.
The Company’s third quarter 2013 cost per available seat mile (CASM), excluding special items and unrealized mark-to-market hedge gains, is estimated to be between 10.00 cents and 10.05 cents. Spirit estimates its CASM ex-fuel for the third quarter was between 5.86 cents and 5.91 cents. This CASM ex-fuel estimate is in line with the Company’s previous guidance range.
The following table summarizes Spirit’s updated guidance for the third quarter 2013. All data is based on preliminary estimates and is subject to change.
Footnotes
(1) Unrealized mark-to-market gains are comprised of estimated non-cash adjustments to aircraft fuel expense.
(2) Includes fuel taxes, into-plane fuel cost, and fuel hedge losses realized during the third quarter 2013.
Source:- Spirit Airlines
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Tags: available seat miles, revenue passenger miles, Spirit Airlines
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