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Talk about controlling the ups and downs of the market.....
But every small recovery day has been followed by a major flush like exhibit-A. It's like people need to sell any green day and buy back the next.
Ha.. I'm hearing Dow 14,000's....
Fun thing is AAL is getting hit the hardest today. Hell some carriers are green...
$37 is my concern. Closing below that puts us right back in the same sinking boat we were just rescued from.
I believe banks are tanking because ECB and rate comments.
Virgin America Reports January 2016 Operational Results
Source: PR Newswire (US)
SAN FRANCISCO, Feb. 9, 2016 /PRNewswire/ -- Virgin America Inc. (NASDAQ: VA) today reported its preliminary operational results for January 2016. The airline's traffic (measured in revenue passenger miles) increased 12.9 percent on capacity (measured in available seat miles) that was 11.8 percent higher from the same month in 2015.
Load factor was 77.2 percent, an increase of 0.7 points from January 2015. The number of onboard passengers increased 13.5 percent from the same month last year.
January
2016
2015
Change
Revenue Passenger Miles (000)
834,331
739,118
12.9%
Available Seat Miles (000)
1,080,461
966,399
11.8%
Passenger Load Factor
77.2%
76.5%
0.7pts
Onboard Passengers (000)
561
494
13.5%
About Virgin America: Known for its mood-lit cabins, three beautifully designed classes of service and innovative fleetwide amenities — like touch-screen personal entertainment, WiFi and power outlets at every seat, Virgin America has built a loyal following of flyers and earned a host of awards since launching in 2007 — including being named the "Best U.S. Airline" in Condé Nast Traveler's Readers' Choice Awards years and "Best Domestic Airline" in Travel + Leisure's World's Best Awards for the past eight consecutive years. For more: www.virginamerica.com
Virgin America logo.
Logo - http://photos.prnewswire.com/prnh/20090123/VIRGINAMERICALOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/virgin-america-reports-january-2016-operational-results-300217023.html
SOURCE Virgin America
Copyright 2016 PR Newswire
Agreed. Good post.
Vanguard 6.75% stake with 4.8M shares now.
Amended Statement of Ownership (sc 13g/a)
Source: Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No.: 2 )*
Name of issuer: Spirit Airlines Inc
Title of Class of Securities: Common Stock
CUSIP Number: 848577102
Date of Event Which Requires Filing of this Statement: December 31, 2015
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
(X) Rule 13d-1(b)
( ) Rule 13d-1(c)
( ) Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on the following page(s))
13G
CUSIP No.: 848577102
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Vanguard Group - 23-1945930
2. CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP
A.
B. X
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
Pennsylvania
(For questions 5-8, report the number of shares beneficially owned by each reporting person with:)
5. SOLE VOTING POWER
49,468
6. SHARED VOTING POWER
7. SOLE DISPOSITIVE POWER
4,783,426
8. SHARED DISPOSITIVE POWER
48,168
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,831,594
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.75%
12. TYPE OF REPORTING PERSON
IA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Act of 1934
Check the following [line] if a fee is being paid with this statement N/A
Item 1(a) - Name of Issuer:
Spirit Airlines Inc
Item 1(b) - Address of Issuer's Principal Executive Offices:
2800 Executive Way
Miramar, Florida 33025
Item 2(a) - Name of Person Filing:
The Vanguard Group - 23-1945930
Item 2(b) – Address of Principal Business Office or, if none, residence:
100 Vanguard Blvd.
Malvern, PA 19355
Item 2(c) – Citizenship:
Pennsylvania
Item 2(d) - Title of Class of Securities:
Common Stock
Item 2(e) - CUSIP Number
848577102
Item 3 - Type of Filing:
This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
Item 4 - Ownership:
(a) Amount Beneficially Owned:
4,831,594
(b) Percent of Class:
6.75%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct to vote: 49,468
(ii) shared power to vote or direct to vote:
(iii) sole power to dispose of or to direct the disposition of: 4,783,426
(iv) shared power to dispose or to direct the disposition of: 48,168
Comments:
Item 5 - Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person:
Not applicable
Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company:
See Attached Appendix A
Item 8 - Identification and Classification of Members of Group:
Not applicable
Item 9 - Notice of Dissolution of Group:
Not applicable
Item 10 - Certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: 02/10/16
By /s/ F. William McNabb III*
F. William McNabb III
President and Chief Executive Officer
*By: /s/ Glenn Booraem
Glenn Booraem, pursuant to a Power of Attorney filed September 9, 2013, see File Number 005-56905, Incorporated by Reference
Appendix A
Vanguard Fiduciary Trust Company ("VFTC"), a wholly-owned subsidiary of The Vanguard Group, Inc., is the beneficial owner of 48,168 shares or .06% of the Common Stock outstanding of the Company as a result of its serving as investment manager of collective trust accounts.
Vanguard Investments Australia, Ltd. ("VIA"), a wholly-owned subsidiary of The Vanguard Group, Inc., is the beneficial owner of 1,300 shares or .00% of the Common Stock outstanding of the Company as a result of its serving as investment manager of Australian investment offerings.
By /s/ F. William McNabb III*
F. William McNabb III
President and Chief Executive Officer
*By: /s/ Glenn Booraem
Glenn Booraem, pursuant to a Power of Attorney filed September 9, 2013, see File Number 005-56905, Incorporated by Reference
JetBlue Announces Leadership Appointments
Source: Business Wire
JetBlue Airways (Nasdaq:JBLU), New York’s Hometown Airline™, today announces the appointment of John Culp to the role of Vice President - Inflight Experience and Rachel McCarthy to the role of Vice President - Talent, effective this month.
Culp, most recently served as JetBlue’s Director - Inflight Field Operations. He steps into the helm of JetBlue’s second-largest workgroup during a year of significant growth for the airline. JetBlue is set to hire 850 new Inflight Crewmembers in 2016 to support the airline’s ongoing network growth across the Americas.
He first joined JetBlue in 2007, rising through the ranks as Manager - Inflight Business and Resource Management and later Director - Inflight Performance & Quality. An airline industry veteran, he has a combined 25 years of experience in aviation including as a flight attendant for Continental Airlines and in various commercial roles for British Airways and Northwest Airlines. He is a graduate of Purdue University and the University of Michigan’s Ross School of Business.
McCarthy, who most recently served as Vice President - Inflight Experience, has been appointed to the key role of Vice President - Talent. She will oversee all aspects of hiring and talent development across JetBlue - a critical piece of strengthening the company’s culture as the airline expects to cross the 20,000-Crewmember mark in 2016. Last year alone, the airline attracted a record 140,000 job applications.
She joined JetBlue in 2009 and has also served as Director - Product Development and Director - Inflight Field Operations. Prior to JetBlue, she held a variety of commercial leadership positions at Delta Air Lines and United Airlines in the U.S. and U.K. She has over 25 years of airline experience. McCarthy succeeds Bonny Simi, who was named President, JetBlue Technology Ventures.
“I am delighted to see two outstanding JetBlue leaders appointed to these critical roles,” said JetBlue’s President and CEO, Robin Hayes. “Over their careers at JetBlue, John and Rachel have proven to be terrific leaders who understand that our culture is critical to our success.”
“Our inflight crewmembers are the best in the sky and each day they bring the JetBlue brand to life onboard our aircraft and in our communities,” Culp said. “I am thrilled to continue working with our inflight crewmembers in this new role and look forward to working together to continue evolving our award-winning onboard service.”
“At JetBlue, we’re known for our culture,” said McCarthy. “That comes from having terrific people who work here and our passion for taking care of one another and our Customers. I’m excited for this new challenge of hiring and developing the best and brightest across the broader organization to keep our culture strong.”
About JetBlue Airways
JetBlue is New York's Hometown Airline™, and a leading carrier in Boston, Fort Lauderdale - Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 35 million customers a year to 95 cities in the U.S., Caribbean, and Latin America with an average of 900 daily flights. For more information please visit JetBlue.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160211005829/en/
JetBlue Corporate Communications
+1 718-709-3089
corpcomm@jetblue.com
or
Reservations
+1 800 JETBLUE (538 2583)
TTY/TDD: +1 800 336-5530
www.jetblue.com
JetBlue Launches JetBlue Technology Ventures in Silicon Valley to Shape the Future Travel Experience
Source: Business Wire
Sixteen Years After Creating a Customer-Focused Startup Airline, JetBlue Forms First U.S. Airline-Backed Venture Capital Subsidiary for Next Generation of Travel Startups
On the day JetBlue celebrates the 16th anniversary of its first flight, JetBlue (NASDAQ:JBLU) today announced the launch of JetBlue Technology Ventures, a wholly owned subsidiary that will invest in, incubate and partner with early stage startups at the intersection of technology, travel and hospitality. As the first corporate venture capital subsidiary in Silicon Valley backed by a U.S. airline, JetBlue Technology Ventures will operate from the GSVlabs campus in the heart of Silicon Valley.
By partnering with incubators, venture capital firms, universities and other organizations inside and outside Silicon Valley, JetBlue Technology Ventures will build relationships with a range of startups across the travel and hospitality spectrum. The initiative will serve as a launch pad for innovations that improve customer and crewmember experiences, increase the airline’s operational efficiency and expand the JetBlue brand to new markets.
Bonny Simi will serve as president of the subsidiary, reporting to Eash Sundaram, executive vice president and chief information officer of JetBlue. As head of the JetBlue Technology Ventures oversight/advisory committee, Sundaram will lead and shape the strategic direction of the subsidiary, and will also facilitate integration of successful startup programs into JetBlue’s overall corporate innovation and technology initiatives. Simi is a JetBlue pilot and officer with over a decade of leadership experience holding talent, customer experience and other roles within the airline, and over 25 years in the airline industry. Simi also has deep roots in the Silicon Valley community as a graduate of both the Stanford Business and Engineering schools.
“Innovation has always been part of JetBlue’s DNA, and JetBlue Technology Ventures builds on our history of staying a step ahead of the status quo,” said Bonny Simi, president of JetBlue Technology Ventures. “We will be casting a wide net to find technologies across the travel spectrum that further the award winning customer-focused experience we are known for.”
JetBlue, founded in 2000 with the mission of bringing humanity back to air travel, has launched a number of firsts in the airline industry. It instantly became known for free satellite television at every seat, an innovation it continues to improve on today. It was the first airline to incorporate new technology to power at-home call centers for customer support. More recently, it was the first airline to launch free high-speed wireless Internet and streaming video inflight, and has installed Next-Gen navigations systems in its fleet to improve the efficiency of flying.
“The work being done today in the startup community will define travel for years to come,” said Simi. “We can offer our knowledge and resources to bring early-stage ideas to life. We won’t limit our thinking to traditional airline operations, and instead consider possibilities at every stage in the travel experience.”
About JetBlue Technology Ventures
Located in the startup incubator GSVLabs in Redwood City, Calif., JetBlue Technology Ventures will invest in, incubate and partner with early stage startups at the intersection of technology, travel and hospitality. For more information, including upcoming events and how to request review of potential startup ideas, please visit www.JetBlueVentures.com
About JetBlue
JetBlue is New York's Hometown Airline™, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 35 million customers a year to 95 cities in the U.S., Caribbean, and Latin America with an average of 900 daily flights. For more information please visit JetBlue.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160211005408/en/
JetBlue Corporate Communications
+1-718-709-3089
corpcomm@jetblue.com
BAC at $11 looks cheap, but then again I also watched it go all the way down to $4 before....
Under $24 Goldman is screaming repeatedly.
SP500 at 52 week low and heading towards breaking 1800 wow. They're also really pushing this Dow down...
Airlines holding up well..
You know what you're absolutely right. We saw this exact same action near every fed meeting last year.
Something just doesn't seem fundamentally right about all of this. Nothing is going by the textbook, instead the opposite!
Yes, 15,300-15,370* give or take a few points is where I hear the next target is SHOULD the market Continue this downward spiral. That's also if oil falls toward $24 and lower. Few variables as you can see.
The above could also all be incorrect and the market could turn and go up. Nothing surprises me anymore with this forced recession.
Airlines surprisingly holding well.
Dow tanking watch for the next leg down. Uugghhhh
Great call man. Damn good call.
Happy to see a close over $37.
Cheers
I still see a few oil guru's swearing that oil will break below $24. We shall see. If it keeps going up it will be good for the market.
Yes assuming oil moves up and helps push the overall market up (I know it sounds ironic). Closing over $37 is a strong start.
Taking some more shares off the table over $40+.
Remember yesterday when I said we need to break and hold $37 .
52 week low on its best earnings ever is more like it. White collar crime in action..
And I think SAVE increased traffic by 27%
Won't hit $15, if ever, but will probably be the lowest gainer today in the sector.
I'd be shocked if this pops today with downbeat guidance this morning...
JetBlue Airways Reports January Traffic
Source: Business Wire
JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for January 2016. Traffic in January increased 11.7 percent from January 2015, on a capacity increase of 10.8 percent.
Load factor for January 2016 was 82.6 percent, an increase of 0.7 points from January 2015. JetBlue’s preliminary completion factor was 96.1 percent and its on-time (1) performance was 69.4 percent. JetBlue’s preliminary revenue per available seat mile (RASM) for the month of January decreased approximately 3.5 percent year over year, which includes a positive impact of about two points from winter storm Jonas. JetBlue now expects year over year available seat mile growth in the first quarter of 2016 to be between 13 and 15 percent, down from prior guidance of 14 to 16 percent due to winter storms.
JETBLUE AIRWAYS TRAFFIC RESULTS
January 2016 January 2015 % Change
Revenue passenger miles (000) 3,555,862 3,183,017 11.7%
Available seat miles (000) 4,306,365 3,885,588 10.8%
Load factor 82.6% 81.9% 0.7 pts.
Revenue passengers 2,947,210 2,659,113 10.8%
Departures 27,032 25,107 7.7%
Average stage length (miles) 1,103 1,098 0.5%
(1) The U.S. Department of Transportation considers on-time arrivals to be those domestic flights arriving within 14 minutes of schedule.
JetBlue is New York's Hometown Airline™, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 35 million customers a year to 95 cities in the U.S., Caribbean, and Latin America with an average of 900 daily flights. For more information please visit JetBlue.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160210005492/en/
JetBlue Investor Relations
+1 718-709-2202
ir@jetblue.com
or
JetBlue Corporate Communications
+1 718-709-3089
corpcomm@jetblue.com
Everybody watch these last 4 mins! Look at the manual Dow controlling for 16,000. Amazing.
I think SAVE had more to do with guidance and huge traffic increase %.
Need to break and hold $37 for it to be strong bullish for a push to $40. Otherwise, $34 is still in sight if the market remains trash.
Market getting interesting right here. Dow etc down but many stocks showing green. Either Recipe for rug pull market wide, or higher green from here for a Dow recovery.
Mediocre, but good compared to what DAL and others posted. PRASM and margin guidance was to be expected I suppose.
I don't know could be a 2%-3% green.
American Airlines Group Reports January Traffic Results
Source: GlobeNewswire Inc.
American Airlines Group (NASDAQ:AAL) today reported January 2016 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) were 17.1 billion, up 1.6 percent versus January 2015. Total capacity was 21.4 billion available seat miles (ASMs), down 0.3 percent versus January 2015. Total passenger load factor was 79.7 percent, up 1.5 percentage points versus January 2015.
The Company continues to expect its first quarter 2016 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 6 to 8 percent year-over-year. In addition, the Company continues to expect its first quarter pretax margin excluding special items to be between 12 and 14 percent.
The following summarizes American Airlines Group traffic results for the month ended January 31, 2016 and 2015, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
American Airlines Group Traffic Results
January
2016 2015 Change
Revenue Passenger Miles (000)
Domestic 9,825,533 9,689,505 1.4 %
Atlantic 1,624,488 1,624,813 - %
Latin America 2,895,679 2,994,366 (3.3 ) %
Pacific 986,741 782,765 26.1 %
International 5,506,908 5,401,944 1.9 %
Mainline 15,332,441 15,091,449 1.6 %
Regional 1,749,858 1,726,029 1.4 %
Total Revenue Passenger Miles 17,082,299 16,817,478 1.6 %
Available Seat Miles (000)
Domestic 11,943,776 12,175,418 (1.9 ) %
Atlantic 2,206,681 2,241,623 (1.6 ) %
Latin America 3,651,961 3,735,128 (2.2 ) %
Pacific 1,196,163 980,735 22.0 %
International 7,054,805 6,957,486 1.4 %
Mainline 18,998,581 19,132,904 (0.7 ) %
Regional 2,432,825 2,373,740 2.5 %
Total Available Seat Miles 21,431,406 21,506,644 (0.3 ) %
Load Factor (%)
Domestic 82.3 79.6 2.7 pts
Atlantic 73.6 72.5 1.1 pts
Latin America 79.3 80.2 (0.9 ) pts
Pacific 82.5 79.8 2.7 pts
International 78.1 77.6 0.5 pts
Mainline 80.7 78.9 1.8 pts
Regional 71.9 72.7 (0.8 ) pts
Total Load Factor 79.7 78.2 1.5 pts
Enplanements
Mainline 11,307,633 11,225,335 0.7 %
Regional 3,924,579 3,958,652 (0.9 ) %
Total Enplanements 15,232,212 15,183,987 0.3 %
System Cargo Ton Miles (000) 165,604 170,521 (2.9 ) %
Notes:
1 ) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2 ) Latin America numbers include the Caribbean.
3) Regional includes wholly owned subsidiaries and operating results from capacity purchase carriers.
About American Airlines Group
American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American is a founding member of the oneworld alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock was added to the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.
Cautionary Statement Regarding Forward-Looking Statements and Information
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words. Such statements include, but are not limited to, statements about future financial and operating results, statements about the expected first quarter pretax margin, the expected change in PRASM, the Company’s plans, objectives, estimates, expectations and intentions, and other statements that are not historical facts. These forward-looking statements are based on the Company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to the following: significant operating losses in the future; downturns in economic conditions that adversely affect the Company’s business; the impact of continued periods of high volatility in fuel costs, increased fuel prices and significant disruptions in the supply of aircraft fuel; competitive practices in the industry, including the impact of low cost carriers, airline alliances and industry consolidation; the challenges and costs of integrating operations and realizing anticipated synergies and other benefits of the merger transaction with US Airways Group, Inc.; the Company’s substantial indebtedness and other obligations and the effect they could have on the Company’s business and liquidity; an inability to obtain sufficient financing or other capital to operate successfully and in accordance with the Company’s current business plan; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the effect the Company’s high level of fixed obligations may have on its ability to fund general corporate requirements, obtain additional financing and respond to competitive developments and adverse economic and industry conditions; the Company’s significant pension and other post-employment benefit funding obligations; the impact of any failure to comply with the covenants contained in financing arrangements; provisions in credit card processing and other commercial agreements that may materially reduce the Company’s liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; any inability to maintain labor costs at competitive levels; interruptions or disruptions in service at one or more of the Company’s hub airports; costs of ongoing data security compliance requirements and the impact of any significant data security breach; any inability to obtain and maintain adequate facilities, infrastructure and slots to operate the Company’s flight schedule and expand or change its route network; the Company’s reliance on third-party regional operators or third-party service providers that have the ability to affect the Company’s revenue and the public’s perception about its services; any inability to effectively manage the costs, rights and functionality of third-party distribution channels on which the Company relies; extensive government regulation, which may result in increases in the Company’s costs, disruptions to the Company’s operations, limits on the Company’s operating flexibility, reductions in the demand for air travel, and competitive disadvantages; the impact of the heavy taxation on the airline industry; changes to the Company’s business model that may not successfully increase revenues and may cause operational difficulties or decreased demand; the loss of key personnel or inability to attract and retain additional qualified personnel; the impact of conflicts overseas, terrorist attacks and ongoing security concerns; the global scope of the Company’s business and any associated economic and political instability or adverse effects of events, circumstances or government actions beyond its control, including the impact of foreign currency exchange rate fluctuations and limitations on the repatriation of cash held in foreign countries; the impact of environmental regulation; the Company’s reliance on technology and automated systems and the impact of any failure of these technologies or systems; challenges in integrating the Company’s computer, communications and other technology systems; losses and adverse publicity stemming from any accident involving any of the Company’s aircraft or the aircraft of its regional or codeshare operators; delays in scheduled aircraft deliveries, or other loss of anticipated fleet capacity, and failure of new aircraft to perform as expected; the Company’s dependence on a limited number of suppliers for aircraft, aircraft engines and parts; the impact of changing economic and other conditions beyond the Company’s control, including global events that affect travel behavior such as an outbreak of a contagious disease, and volatility and fluctuations in the Company’s results of operations due to seasonality; the effect of a higher than normal number of pilot retirements and a potential shortage of pilots; the impact of possible future increases in insurance costs or reductions in available insurance coverage; the effect of a lawsuit that was filed in connection with the merger transaction with US Airways Group, Inc. and remains pending; an inability to use net operating losses carried forward from prior taxable years (NOL Carryforwards); any impairment in the amount of goodwill the Company recorded as a result of the application of the acquisition method of accounting and an inability to realize the full value of the Company’s and American Airlines’ respective intangible or long-lived assets and any material impairment charges that would be recorded as a result; actions that the Company may take in connection with its integration with US Airways that may not be to its advantage on a stand-alone basis; price volatility of the Company’s common stock; the effects of the Company’s capital deployment program and the limitation, suspension or discontinuation of the Company’s share repurchase program or dividend payments thereunder; delay or prevention of stockholders’ ability to change the composition of the Company’s board of directors and the effect this may have on takeover attempts that some of the Company’s stockholders might consider beneficial; the effect of provisions of the Company’s Restated Certificate of Incorporation and Amended and Restated Bylaws that limit ownership and voting of its equity interests, including its common stock; the effect of limitations in the Company’s Restated Certificate of Incorporation on acquisitions and dispositions of its common stock designed to protect its NOL Carryforwards and certain other tax attributes, which may limit the liquidity of its common stock; and other economic, business, competitive, and/or regulatory factors affecting the Company’s business, including those set forth in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2015 (especially in Part II, Item 1A, Risk Factors and Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations) and other risks and uncertainties listed from time to time in the Company’s other filings with the SEC. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements except as required by law.
Corporate Communications
817-967-1577
mediarelations@aa.com
Investor Relations
817-931-3423
investor.relations@aa.com
Primary Logo
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 9, 2016
____________________
SPIRIT AIRLINES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-35186
(Commission File Number)
38-1747023
(IRS Employer Identification Number)
2800 Executive Way
Miramar, Florida 33025
(Address of principal executive offices, including Zip Code)
(954) 447-7920
(Registrant's telephone number, including area code)
____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01
Regulation FD
The information in this report furnished pursuant 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, 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 pursuant to Item 7.01 of this report.
On February 9, 2016, Spirit Airlines, Inc. reported certain traffic statistics for January 2016, a copy of which report is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
January 2016 Traffic Results
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 9, 2016
SPIRIT AIRLINES, INC.
By: /s/ Thomas Canfield
Name: Thomas Canfield
Title: Senior Vice President and General
Counsel
EXHIBIT INDEX
Exhibit No.
Description
99.1
January 2016 Traffic Results
EXHIBIT 99.1
Spirit Airlines Reports January 2016 Traffic
MIRAMAR, Fla., (February 9, 2016) - Spirit Airlines (NASDAQ: SAVE) today reported its preliminary traffic results for January 2016.
Traffic (revenue passenger miles) in January 2016 increased 25.8 percent versus January 2015 on a capacity (available seat miles) increase of 26.8 percent. Load factor for January 2016 was 81.7 percent, a decrease of 0.7 percentage points compared to January 2015. Spirit's preliminary systemwide completion factor for January 2016 was 97.2 percent.
The following table summarizes Spirit's traffic results for January 2016 compared to the same period last year.
January 2016
January 2015
Change
Revenue passenger miles (RPMs) (000)
1,659,836
1,318,954
25.8
%
Available seat miles (ASMs) (000)
2,030,954
1,601,228
26.8
%
Load factor
81.7
%
82.4
%
(0.7) pts
Passenger flight segments
1,618,614
1,297,969
24.7
%
Average stage length (miles)
1,000
994
0.6
%
Total departures
11,901
9,812
21.3
%
About Spirit Airlines:
Spirit Airlines (NASDAQ: SAVE) is committed to offering the lowest total price to the places we fly, on average much lower than other airlines. Our customers start with an unbundled, stripped-down Bare Fare™ and get Frill Control™ which allows them to pay only for the options they choose - like bags, seat assignments and refreshments - the things other airlines bake right into their ticket prices. We help people save money and travel more often, create new jobs and stimulate business growth in the communities we serve. With our Fit Fleet™, the youngest fleet of any major US airline, we operate more than 385 daily flights to 56 destinations in the U.S., Latin America and the Caribbean. Come save with us at www.spirit.com.
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