Spirit Airlines updates 1Q2019 outlook, expects TRASM below previous guidance

Spirit Airlines reported (10-Apr-2019) it expects total revenue per available seat mile (TRASM) to be up 4% year-on-year in 1Q2019, a decrease of approximately 1% from its previous guidance. The decrease in expected TRASM is primarily due to lower than expected yields in Mar-2019 and slightly higher capacity caused by better than expected completion factors. Cost per available seat mile is expected to be up approximately 2.5%, compared to the airline's previous guidance of up 2% to 3%. [more - original PR]