Spirit Airlines (SAVE) Land Factor Fell 0.6 Points in Oct. 2016; RPMs Rose 12.3%

November 8, 2016 4:15 PM EST

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Spirit Airlines (NASDAQ: SAVE) reported its preliminary traffic results for October 2016.

Traffic (revenue passenger miles) in October 2016 increased 12.3 percent versus October 2015 on a capacity (available seat miles) increase of 13.1 percent. Load factor for October 2016 was 82.9 percent, a decrease of 0.6 percentage points compared to October 2015.

Spirit's completion factor for October 2016 was negatively impacted as a result of adverse weather conditions and airport closures in connection with Hurricane Matthew. Spirit canceled 313 flights, or 48.2 million available seat miles, related to the storm.

Preliminary Traffic Results
October 2016
October 2015
Change
Revenue passenger miles (RPMs) (000)
1,728,001
1,538,686
12.3
%
Available seat miles (ASMs) (000)
2,085,175
1,843,544
13.1
%
Load factor
82.9
%
83.5
%
(0.6) pts
Passenger flight segments
1,730,928
1,521,961
13.7
%
Average stage length (miles)
970
993
(2.3
)%
Total departures
12,176
10,973
11.0
%
YTD 2016
YTD 2015
Change
Revenue passenger miles (RPMs) (000)
17,947,095
14,806,000
21.2
%
Available seat miles (ASMs) (000)
20,994,802
17,384,302
20.8
%
Load factor
85.5
%
85.2
%
0.3 pts
Passenger flight segments
17,999,324
14,792,706
21.7
%
Average stage length (miles)
977
983
(0.6
)%
Total departures
123,671
106,213
16.4
%
Preliminary Systemwide Operational Performance
October 2016
On-Time Performance1
85.6
%
Completion Factor
97.2
%
1Total percentage of flights arriving within 14 minutes of scheduled arrival time.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News

Add Your Comment