Spirit Airlines expects operating margin of 20.6% to 21.3% in 2Q2014

Spirit Airlines stated (15-Jul-2014) it expects an operating margin of 20.6% to 21.3% in 2Q2014, and an operating margin of 17.5% to 18.5% in FY2014. Passengers segments are expected to change 14.7% year-over-year in 2Q2014, and 13.5% to 14.5% in FY2014. The carrier expects to hedge 50% of fuel requirements in both 3Q2014 and 4Q2014, with capital expenditures expected to reach USD60 million and aircraft purchase commitments to reach USD480 million. [more - original PR]