Thread: Spirit of NKS
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Old 07-11-2013 | 06:22 AM
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Jetlinker
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Default Spirit of NKS

Some good news....

Miramar, Florida (July 10, 2013) - Spirit Airlines (NASDAQ: SAVE) today reported its preliminary traffic results for June 2013 and year-to-date 2013.

Traffic (revenue passenger miles) in June 2013 increased 25.2 percent versus June 2012 on a capacity (available seat miles) increase of 22.0 percent. Load factor for June 2013 was 88.3 percent, an increase of 2.2 points as compared to June 2012. Spirit's preliminary completion factor for June 2013 was 98.3 percent.

"We continue to be pleased with how customers are responding to our strategy of liberating cities from high fares," said Ben Baldanza, Spirit's Chief Executive Officer. "We experienced strong demand during the second quarter which produced revenue that was in line to slightly better than our expectations. Based on our current booking trends we expect to see continued demand strength throughout the summer."

The following table summarizes Spirit's traffic results for the month and year-to-date ended June 30, 2013 and 2012.

Second Quarter 2013 Guidance
The Company estimates its total revenue per ASM (RASM) for the second quarter 2013 decreased 2.5 to 3.5 percent year-over-year, which is in line to slightly better than we previously expected.

The Company's second quarter 2013 cost per available seat mile (CASM), excluding special items and unrealized mark-to-market hedge gains, is estimated to be between 9.76 cents and 9.81 cents. Spirit estimates its CASM ex-fuel for the second quarter was between 5.98 cents and 6.03 cents. This CASM ex-fuel estimate is in line with the Company's previous guidance range.