Subscribe to Florida Trend


October 22, 2018

Press Release

Spirit Airlines investor update, third quarter 2017

| 10/18/2017

This investor update provides Spirit's third quarter 2017 guidance. All data is based on preliminary estimates.

Total revenue per available seat mile for the third quarter 2017 is estimated to be down approximately 6.5 percent year over year. This is better than our previous guidance range of down 7.0 to 8.5 percent given in early September, due to improving ticket and non-ticket yields and better-than-expected load factor.

During the third quarter 2017, Spirit canceled over 1,650 flights related to Hurricanes Harvey, Irma, and Maria. The Company estimates the unusual meteorological activity, together with the overhang from the pilot work action earlier in the year, negatively impacted third quarter revenue by approximately $40 million and operating margin by approximately 450 basis points.

Adjusted cost per available seat mile ex-fuel for the third quarter 2017 is expected to be flat to down 1 percent year over year compared to our previous guide of down 2 to 3 percent, primarily due to fewer available seat miles and additional costs related to the preparation for, and recovery from, Hurricane Irma.

Tags: Transportation

Digital Access

Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

An overview of the features and articles in this month's issue of Florida Trend.


Florida Business News

Florida Trend Video Pick

F1 Showcase arrived in Miami this weekend
F1 Showcase arrived in Miami this weekend

The F1 Showcase in Miami blended the unique thrills of F1 racing with the culture of Miami on Sunday, October 21, 2018.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

How would you rate Florida's economy? (scale of 1-5, 5 being super, 1 being terrible)

  • 5
  • 4
  • 3
  • 2
  • 1

See Results

Ballot Box