Spirit Airlines reports its Q1 2019 results

Spirit Airlines has continued its upward swing in momentum, with its revenue again increasing in the first quarter of 2019. The airline reported a total operating revenue of $855.8 million up from $704.1 million, which while seeing an increase of 21.5% compared to the first quarter 2018, was slightly down from initial expectations. The company has said the increase was driven by a 16% increase in flight volume and increases in both passenger yields and load factor. Spirit’s total operating revenue per available seat mile (TRASM) for Q1 2019 increased 4.1% compared to the same period last year., this the