Spirit Airlines updates first quarter guidance, expects $1.26bn revenue

Spirit Airlines has provided update to its guidance for the first quarter of the year, with its total revenue now being estimated to be approximately $1.265bn. Its previous guidance for total revenue was between $1.25bn and $1.28bn. The airline also advised that it estimates its total capital expenditures for the first quarter of the year to be approximately around $30 million in relation to its new headquarters campus being built in Florida, as well as purchases of spare parts, including four spare engines, partially offset by net inflows of aircraft pre-delivery deposits. Spirit further estimates that it ends the first