Spirit Airlines provided (14-Jun-2021) the following updated guidance regarding its financial and operational trends for 2Q2021:
- The carrier reported improvement in operating yields as the quarter progressed and now expects its EBITDA margin, excluding special items, for 2Q2021 to be "modestly positive";
- Leisure demand in Spirit's domestic and international markets continued to improve throughout 2Q2021. The airline estimates load factor for 2Q2021 to be around 84%, in line with performance in 2Q2019;
- Total operating expenses, excluding special items, for 2Q2021 are tracking towards the better end of the company's initial guidance of USD885 million to USD895 million;
- Fuel price per gallon for 2Q2021 is now expected to be approximately USD1.96. [more - original PR]