001-35186 (Commission File Number) | 38-1747023 (IRS Employer Identification Number) |
[] | 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 2.02 | Results of Operations and Financial Condition. |
Item 7.01 | Regulation FD |
Item 9.01 | Financial Statements and Exhibits. |
Exhibit No. | Description |
99.1 | September 2012 Traffic Results |
Date: October 11, 2012 | SPIRIT AIRLINES, INC. | |||
By: /s/ Thomas Canfield | ||||
Name: Thomas Canfield | ||||
Title: Senior Vice President and General | ||||
Counsel |
Exhibit No. | Description |
99.1 | September 2012 Traffic Results |
September 2012 | September 2011 | Change | ||||
Revenue passenger miles (RPMs) (000) | 746,184 | 575,463 | 29.7 | % | ||
Available seat miles (ASMs) (000) | 908,091 | 697,485 | 30.2 | % | ||
Load factor | 82.2 | % | 82.5 | % | (0.3) pts | |
Passenger flight segments | 822,837 | 643,998 | 27.8 | % | ||
Average stage length (miles) | 888 | 867 | 2.4 | % | ||
Total departures | 6,373 | 5,169 | 23.3 | % | ||
YTD 2012 | YTD 2011 | Change | ||||
Revenue passenger miles (RPMs) (000) | 7,144,329 | 6,040,203 | 18.3 | % | ||
Available seat miles (ASMs) (000) | 8,388,581 | 7,048,701 | 19.0 | % | ||
Load factor | 85.2 | % | 85.7 | % | (0.5) pts | |
Passenger flight segments | 7,775,861 | 6,347,384 | 22.5 | % | ||
Average stage length (miles) | 902 | 933 | (3.3 | )% | ||
Total departures | 58,674 | 48,722 | 20.4 | % |
Third Quarter 2012 Guidance | 3Q12E | ||||
Total revenue per ASM (RASM) year-over-year % change | (3)% - (4)% | ||||
Operating Expense per ASM (CASM) (cents) | |||||
CASM (1) | 10.11 | 10.16 | |||
Less: Unrealized mark-to-market (gains) per ASM (2) | (0.03) | ||||
CASM excluding unrealized mark-to-market (gains) (2) | 10.14 | - | 10.19 | ||
Less: Economic fuel expense per ASM (3) | 4.14 | ||||
CASM ex-fuel | 6.00 | - | 6.05 | ||
Fuel Expense per Gallon($) | |||||
Fuel cost | $3.23 | ||||
Less: Unrealized mark-to-market (gains ) (2) | (0.02) | ||||
Economic fuel cost (3) | $3.25 | ||||
Fuel gallons (thousands) | 37,761 | ||||
Effective Tax Rate | 37.9% | ||||
Wtd. Average Share Count (thousands) | |||||
Basic | 72,427 | ||||
Diluted | 72,658 |
(1) | Excludes special items. |
(2) | Unrealized mark-to-market gains are comprised of estimated non-cash adjustments to aircraft fuel expense. |
(3) | Includes fuel taxes, into-plane fuel cost, and fuel hedge losses currently expected to be realized during the third quarter 2012. |
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