Spirit Airlines recently declared its operational results for June 2013 and recorded a remarkable growth in its passenger traffic. The airline registered 25.5% rise in passenger traffic for the month of June this year compared to the same month in 2012. Passenger traffic growth is symbolic of revenue earnings.
According to the company statement its Load factor for June increased 2.2 points to 88.3% as compared to last year. Its preliminary completion factor was recorded at 98.3%. However, the airline estimates its total revenue per ASM (RASM) to fall by 2.5% in the second quarter of this year on year-over-year basis.
Spirit’s second quarter cost per available seat mile (CASM) is estimated between 9.76 cents and 9.81 cents. It excludes special items and unrealized mark-to-market hedge gains. Its CASM ex-fuel for the second quarter may stand between 5.98 cents and 6.03 cents.
The ultra low cost carrier based in Miramar, Florida offers cheap flights to its customers under various deals from time to time.