12-Apr-2019 11:20 AM

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]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More