Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Spirit Airlines Incorporated    SAVE

SPIRIT AIRLINES INCORPORATED (SAVE)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Spirit Airlines Incorporated : Spirit Airlines Reports September 2013 Traffic

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2013 | 12:02am CEST

MIRAMAR, Fla. (October 10, 2013) - Spirit Airlines (NASDAQ: SAVE) 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.

About Spirit Airlines
Spirit Airlines (NASDAQ: SAVE) empowers customers to save money on air travel by offering ultra low base fares with a range of optional services, allowing customers the freedom to choose only the extras they value. This innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. Spirit's modern fleet, configuration and other innovations enable Spirit to burn less fuel per seat than competitors, making Spirit one of the most environmentally-friendly U.S. carriers. Spirit's all-Airbus fleet currently operates approximately 250 daily flights to over 50 destinations in the U.S., Latin America and Caribbean. Visit Spirit at www.spirit.com.

Forward-Looking Statements
Statements in this release contain various forward-looking statements within the meaning Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. When used in this release, the words "expects," "estimates," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook," "may," "will," "should," "seeks," "targets" and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company's objectives, plans or goals, or actions the Company may take in the future, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company's guidance and estimates for the third quarter 2013, including expectations regarding revenue, RASM, load factor, capacity, CASM, CASM ex-fuel, fuel expense, economic fuel cost, expected unrealized mark-to-market fuel hedge gains and losses, fuel volume, and tax rate. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company has no intent, nor undertakes any obligation to, publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law. Forward-looking statements are subject to a number of factors that could cause the Company's actual results to differ materially from the Company's expectations, including the competitive environment in the airline industry; the Company's ability to keep costs low; changes in fuel costs; the impact of worldwide economic conditions on customer travel behavior; the Company's ability to generate non-ticket revenues; and government regulation. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent Quarterly Reports on Form 10-Q.

Investor Relations Contact:
DeAnne Gabel
Director, Investor Relations
[email protected]
954-447-7920

Media Contact:
Misty Pinson
Director, Corporate Communications
[email protected]
954-628-4827


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SPIRIT AIRLINES INCORPORAT
12:07pSPIRIT AIRLINES INCORPORATED : Ahoy St. Croix! Spirit Airlines Expands Service f..
AQ
05/24SPIRIT AIRLINES, INC. : Submission of Matters to a Vote of Security Holders (for..
AQ
05/24SPIRIT AIRLINES INCORPORATED : Ahoy St. Croix! Spirit Airlines Expands Service f..
AQ
05/24Ahoy St. Croix! Spirit Airlines Expands Service from South Florida to the U...
GL
05/22SPIRIT AIRLINES INCORPORATED : Free Research Report as Spirit Airlines' Operatin..
AC
05/15SPIRIT AIRLINES, INC. : Other Events (form 8-K)
AQ
05/14SPIRIT AIRLINES INCORPORATED : to Become First Ultra-Low Cost Carrier in the Ame..
AQ
05/11SPIRIT AIRLINES INCORPORATED : to Become First Ultra-Low Cost Carrier in the Ame..
AQ
04/26SPIRIT AIRLINES, INC. (NASDAQ : SAVE) Files An 8-K Regulation FD Disclosure
AQ
04/26SPIRIT AIRLINES INCORPORATED : INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINA..
AQ
More news
News from SeekingAlpha
2017BLOOMBERG : JetBlue heads for worst year of flight delays since 2007 
2017Spirit's November Traffic Fueled By Busy Thanksgiving Holiday Travel 
2017Deutsche Bank sees 30% upside on Spirit Airlines 
2017Spirit Airlines flies over to the NYSE 
2017Transports Weekly Snapshot - All We Want For Christmas Is Tax Reform 
Financials ($)
Sales 2018 3 205 M
EBIT 2018 342 M
Net income 2018 222 M
Debt 2018 1 503 M
Yield 2018 -
P/E ratio 2018 12,34
P/E ratio 2019 8,20
EV / Sales 2018 1,25x
EV / Sales 2019 1,19x
Capitalization 2 503 M
Chart SPIRIT AIRLINES INCORPORAT
Duration : Period :
Spirit Airlines Incorporat Technical Analysis Chart | SAVE | US8485771021 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 48,9 $
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Robert L. Fornaro Chief Executive Officer & Director
Edward M. Christie President & Director
H. McIntyre Gardner Chairman
John Bendoraitis Chief Operating Officer & Senior Vice President
Rocky B. Wiggins Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
SPIRIT AIRLINES INCORPORATED-18.22%2 503
DELTA AIR LINES-2.86%38 160
AIR CHINA LTD.-7.39%22 534
RYANAIR HOLDINGS PLC10.24%22 438
UNITED CONTINENTAL HOLDINGS INC3.96%19 539
INTERNATIONAL CONSOLIDATED AIRLINES GROUP5.38%18 734