Spirit Airlines estimates that it second quarter 2016 operating margin will be approximately 22 percent, in line with our previous guidance. Total revenue per available seat mile (TRASM) came in at the low end of the range contemplated in the airline’s initial guidance for the quarter (down 14.3 percent year over year).  Despite seeing more fare discounting than what is typical for a peak summer travel period, there was a slight quarter-to-quarter sequential year-over-year improvement in domestic TRASM for the second quarter.   As anticipated, there was a modest quarter-to-quarter sequential decline in non-ticket revenue per PFS, ending the quarter with

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