Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Spirit Airlines, Inc. | form8-ktrafficmarch2014.htm |
EXHIBIT 99.1
Spirit Airlines Reports March 2014 Traffic
MIRAMAR, Fla. (April 7, 2014) - Spirit Airlines (NASDAQ: SAVE) today reported its preliminary traffic results for March 2014.
Traffic (revenue passenger miles) in March 2014 increased 19.6 percent versus March 2013 on a capacity (available seat miles) increase of 18.1 percent. Load factor for March 2014 was 89.0 percent, an increase of 1.1 points as compared to March 2013. Spirit's preliminary completion factor for March 2014 was 99.4 percent.
For the first quarter 2014, traffic increased 23.6 percent on a capacity increase of 21.0 percent. Load factor for the first quarter 2014 was 86.9 percent, an increase of 1.8 pts as compared to the first quarter 2013. The Company estimates total revenue per available seat mile (RASM) for the first quarter 2014 decreased approximately 2.5 percent as compared to the same period last year.
The following table summarizes Spirit's traffic results for the month and year-to-date ended March 31, 2014 and 2013.
March 2014 | March 2013 | Change | ||||
Revenue passenger miles (RPMs) (000) | 1,181,990 | 988,177 | 19.6 | % | ||
Available seat miles (ASMs) (000) | 1,328,805 | 1,124,714 | 18.1 | % | ||
Load factor | 89.0 | % | 87.9 | % | 1.1 pts | |
Passenger flight segments | 1,183,932 | 1,038,280 | 14.0 | % | ||
Average stage length (miles) | 993 | 933 | 6.4 | % | ||
Total departures | 8,304 | 7,529 | 10.3 | % | ||
YTD 2014 | YTD 2013 | Change | ||||
Revenue passenger miles (RPMs) (000) | 3,289,287 | 2,661,491 | 23.6 | % | ||
Available seat miles (ASMs) (000) | 3,784,727 | 3,127,214 | 21.0 | % | ||
Load factor | 86.9 | % | 85.1 | % | 1.8 pts | |
Passenger flight segments | 3,263,515 | 2,767,870 | 17.9 | % | ||
Average stage length (miles) | 1,000 | 941 | 6.3 | % | ||
Total departures | 23,561 | 20,761 | 13.5 | % | ||
About Spirit Airlines
Spirit Airlines (NASDAQ: SAVE) empowers customers to save money on air travel by offering ultra-low base fares with a range of optional services, allowing customers the freedom to choose only the extras they value. This innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. Spirit's modern fleet, configuration and other innovations enable Spirit to burn less fuel per seat than competitors, making Spirit one of the most environmentally-friendly U.S. carriers. Spirit's all-Airbus fleet currently operates more than 250 daily flights to over 50 destinations in the U.S., Latin America and Caribbean. Visit Spirit at www.spirit.com.
###
Investor Inquiries: InvestorRelations@spirit.com/954-447-7920
Media Inquiries: MediaRelations@spirit.com/954-628-4827