Savvy Trades and Investments

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SAVE Improved revenue outlook for Q3 is the underlying reason for the big move today. Nice to finally hear some good news.

This investor update provides Spirit's third quarter 2019 guidance. All data is based on preliminary estimates.
For the third quarter 2019, Spirit estimates its total revenue per ASM (“TRASM”) will be down about 2% year over year. This is better than the Company estimated in early September 2019 primarily due to less-than-expected impact on forward bookings related to Hurricane Dorian and higher-than-expected passenger volume.
Adjusted CASM ex-fuel (“CASM ex-fuel”) for the third quarter 2019 is expected to be up about 8.5% year over year, better than the Company’s most recent guidance largely due to lower crew disruption and passenger re-accommodation expense as a result of better operational performance. Since early September, the Company achieved a better-than-expected controllable completion factor, despite higher weather-related cancellations.