Originally Posted by
BlueWater
Sorry but no, incorrect.
We used just under $100m per month of fuel in Q1. And page 1 of the 10Q reflects exactly that that. Look more carefully, and explained below.
You must add together the predecessor column which is pre bankruptcy exit, from Jan 1 - March 31 and the successor period which is post from March 13 - 31. Numbers in this section of the 10q are in thousands.
So the predecessor fuel amount for Q1 is 219,922 and the successor amount is 60,797. This Q1 total of both accounting periods is 280,719 …In thousands.
so the avg fuel per month used is $93,573,000… just under $100m per month.
Total GALLONS used and reported to Bureau of Transportation Statistics is 111,087,000 for Q1.
10Q:
https://ir.spirit.com/financials/sec...s/default.aspx
Mandatory Gov Consumption Reporting Site:
https://www.transtats.bts.gov/fuel.asp
DOH! I see that now. Thanks for the correction; that 10Q is one hot mess.