0001445305-13-002246.txt : 20130909 0001445305-13-002246.hdr.sgml : 20130909 20130909073333 ACCESSION NUMBER: 0001445305-13-002246 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130909 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130909 DATE AS OF CHANGE: 20130909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Spirit Airlines, Inc. CENTRAL INDEX KEY: 0001498710 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 381747023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35186 FILM NUMBER: 131084250 BUSINESS ADDRESS: STREET 1: 2800 EXECUTIVE WAY CITY: MIRAMAR STATE: FL ZIP: 33025 BUSINESS PHONE: 954-447-7920 MAIL ADDRESS: STREET 1: 2800 EXECUTIVE WAY CITY: MIRAMAR STATE: FL ZIP: 33025 8-K 1 form8-kaugust2013traffic.htm 8-K Form 8-K August 2013 Traffic


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 9, 2013
____________________
SPIRIT AIRLINES, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

001-35186
(Commission File Number)
38-1747023
(IRS Employer Identification Number)

2800 Executive Way
Miramar, Florida 33025
(Address of principal executive offices, including Zip Code)

(954) 447-7920
(Registrant's telephone number, including area code)
____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
[]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
[]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
  






Item 7.01
Regulation FD
The information in this report furnished pursuant to Item 7.01 shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), if such subsequent filing specifically references the information furnished pursuant to Item 7.01 of this report.
On September 9, 2013, Spirit Airlines, Inc. reported certain traffic statistics for August 2013.
A copy of Spirit's traffic results is filed as Exhibit 99.1 to this Current Report of Form 8-K and incorporated herein by this reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits


Exhibit No.
Description
99.1
August 2013 Traffic Results











SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: September 9, 2013
SPIRIT AIRLINES, INC.


By: /s/ Thomas Canfield    
Name: Thomas Canfield
Title: Senior Vice President and General     Counsel








EXHIBIT INDEX

Exhibit No.
Description
 
 
99.1
August 2013 Traffic Results
 
 
 
 




EX-99.1 2 august2013trafficrelease.htm AUGUST 2013 TRAFFIC RELEASE August 2013 Traffic Release



    
EXHIBIT 99.1
 

Spirit Airlines Reports August 2013 Traffic

Miramar, Florida (September 9, 2013) - Spirit Airlines (NASDAQ: SAVE) today reported its preliminary traffic results for August 2013.
Traffic (revenue passenger miles) in August 2013 increased 28.0 percent versus August 2012 on a capacity (available seat miles) increase of 22.1 percent. Load factor for August 2013 was 90.7 percent, an increase of 4.2 points as compared to August 2012. Spirit's preliminary completion factor for August 2013 was 99.4 percent.
"As expected, the strength in demand we experienced in June continued throughout the seasonally strong summer travel period," said Ben Baldanza, Spirit's Chief Executive Officer.  "We currently estimate total RASM for the third quarter 2013 will be up year-over-year in the mid-single digit range, driven primarily by higher yields and load factors in July and August, while yield and load factor for September are estimated to be flat to up slightly year-over-year as we head into the shoulder travel season." 

The following table summarizes Spirit's traffic results for the month and year-to-date ended August 31, 2013 and 2012.
 
August 2013

 
August 2012

 
Change

Revenue passenger miles (RPMs) (000)
1,129,300
 
882,065
 
28.0
%
Available seat miles (ASMs) (000)
1,245,144
 
1,019,675
 
22.1
%
Load Factor
90.7
%
 
86.5
%
 
4.2 pts

Passenger flight segments
1,194,944
 
973,443
 
22.8
%
Average stage length (miles)
941
 
891
 
5.6
%
Total departures
8,223
 
7,223
 
13.8
%
 
 
 
 
 
 

YTD 2013

 
YTD 2012

 
Change

Revenue passenger miles (RPMs) (000)
7,872,794
 
6,398,145
 
23.0
%
Available seat miles (ASMs) (000)
9,051,548
 
7,480,490
 
21.0
%
Load Factor
87.0
%
 
85.5
%
 
1.5 pts

Passenger flight segments
8,279,486
 
6,953,024
 
19.1
%
Average stage length (miles)
940
 
903
 
4.1
%
Total departures
60,124
 
52,301
 
15.0
%
 


Guidance
 
 
 
Third quarter 2013 estimated average economic fuel cost per gallon (1)
$3.29
 
 
 
 
 
Third quarter 2013 estimated fuel gallons (thousands)
44,902


1



Footnotes
(1)
Based on the jet fuel curve as of September 4, 2013. Excludes unrealized mark-to-market (gains) and losses which are comprised of estimated non-cash adjustments to aircraft fuel expense. The Company may have unrealized mark-to-market (gains) or losses in the third quarter 2013, but is not yet able to estimate the amount. Includes fuel taxes, into-plane fuel cost, and estimated fuel hedge (gains) and losses currently expected to be realized during the third quarter 2013.



About Spirit Airlines
Spirit Airlines (NASDAQ: SAVE) empowers customers to save money on air travel by offering ultra low base fares with a range of optional services, allowing customers the freedom to choose only the extras they value. This innovative approach grows the traveling market and stimulates new economic activity while creating new jobs.  Spirit's modern fleet, configuration and other innovations enable Spirit to burn less fuel per seat than competitors, making Spirit one of the most environmentally-friendly U.S. carriers.  Spirit's all-Airbus fleet operates approximately 250 daily flights to over 50 destinations in the U.S., Latin America and Caribbean.  Visit Spirit at www.spirit.com.

Forward-Looking Statements
Statements in this release contain various forward-looking statements within the meaning Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. When used in this release, the words “expects,” “estimates,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company's objectives, plans or goals, or actions the Company may take in the future, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company's guidance and estimates for the third quarter 2013, including expectations regarding revenue, RASM, load factor, capacity, fuel expense, economic fuel cost, expected unrealized mark-to-market fuel hedge gains and losses, and fuel volume. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company has no intent, nor undertakes any obligation to, publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law. Forward-looking statements are subject to a number of factors that could cause the Company's actual results to differ materially from the Company's expectations, including the competitive environment in the airline industry; the Company's ability to keep costs low; changes in fuel costs; the impact of worldwide economic conditions on customer travel behavior; the Company's ability to generate non-ticket revenues; and government regulation. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent Quarterly Reports on Form 10-Q.

###



Investor Relations Contact:
DeAnne Gabel
Director, Investor Relations
InvestorRelations@spirit.com
954-447-7920

Media Contact:
Misty Pinson
Director, Corporate Communications
mediarelations@spirit.com
954-628-4827



2
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