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Spirit Airlines provides 4Q2013 guidance, 2014 ASMs to increase 15%

6-Nov-2013 4:44 PM

Spirit Airlines provided (30-Oct-2013) the following 4Q2013 guidance:

  • Capacity (ASMs): Increase 23.8% year-on-year;
  • 2014 ASMs: Increase approximately 15%;
  • Passenger segments: Increase between 18% and 19%;
  • CASM ex-fuel: Between USD0.0617 and and USD0.0623;
  • Fuel cost: USD3.17 per gallon;
  • 2013 capex: USD21 million;
  • 21% of estimated 4Q2013 fuel requirements hedged using jet fuel swaps an average price per barrel of USD32.39. [more - original PR]