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News Breaks | | | | January 14, 2013 | | 07:41 EDT |  | SAVE | Spirit Airlines sees Q4 total revenue per ASM down 7%-8%
Hurricane Sandy reduced fourth quarter revenue by approximately $25M and reduced total RASM year-over-year by approximately 6.5 percentage points. The revenue impact from Hurricane Sandy was less than previously estimated primarily due to a stronger-than-anticipated recovery in demand for the month of December. The company's fourth quarter 2012 cost per available seat mile, excluding special items and unrealized mark-to-market hedge gains, is estimated to be between 10c-10.05c. Spirit estimates its CASM ex-fuel for the quarter was between 5.9c-5.95c. | |
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News For SAVE From The Last 14 Days Check below for free stories on SAVE the last two weeks. |
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| June 18, 2013 | | 08:35 EDT | | SAVE | Spirit Airlines expands aftermarket agreement with IAE
Spirit Airlines (SAVE) and IAE International Aero Engines AG have amended their existing V-Services Fleet Hour Agreement to include coverage for 86 incremental V2500 engines. Spirit's entire current and future fleet of A320 family aircraft powered by V2500 engines will be covered by an IAE V-Services aftermarket agreement. The deal is valued at approximately $700M. IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney (UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. | | | June 11, 2013 | | 07:35 EDT |  | SAVE | Cowen to host a conference
Global Transportation Conference is being held in New York on June 11. | |
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