SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Files An 8-K Regulation FD DisclosureItem 7.01
SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Files An 8-K Regulation FD Disclosure
Regulation FD
The information in this report furnished to Item 7.01 shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended, if such subsequent filing specifically references the information furnished to Item 7.01 of this report.
Spirit Airlines, Inc. (Spirit), is scheduled to present today at the J.P. Morgan Aviation, Transportation and Industrials Conference and is providing the following updated revenue guidance:
The Company estimates that its first quarter 2017 total revenue per available seat mile (TRASM) will be down 4 to 5 percent year over year. Previously we had estimated our first quarter TRASM would be down approximately 2.5 percent year over year. We believe this revision is largely due to our underestimating the impact related to the Easter holiday shift. Based on current bookings, we are encouraged by the second quarter revenue trends and continue to believe TRASM for the second quarter will be positive year over year.
About SPIRIT AIRLINES, INC. (NASDAQ:SAVE)
Spirit Airlines, Inc. is an airline company. The Company’s all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket. The Company offers a range of optional services, allowing customers to save by paying only for the options they choose such as bags, advance seat assignments and refreshments. The Company’s route network includes approximately 151 markets throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands. SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Recent Trading Information
SPIRIT AIRLINES, INC. (NASDAQ:SAVE) closed its last trading session 00.00 at 49.53 with 942,163 shares trading hands.
Spirit Airlines, Inc. is an airline company. The Company’s all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket. The Company offers a range of optional services, allowing customers to save by paying only for the options they choose such as bags, advance seat assignments and refreshments. The Company’s route network includes approximately 151 markets throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands. SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Recent Trading Information
SPIRIT AIRLINES, INC. (NASDAQ:SAVE) closed its last trading session 00.00 at 49.53 with 942,163 shares trading hands.