Alaska, Spirit raise Q3 guidance on revenue, cost improvements
Alaska Air Group and Spirit Airlines both revised their Q3 guidance to reflect improvements in unit revenue and non-fuel costs. Alaska said in an Oct 10 investor update that unit revenue, measured in TRASM, is expected to come in at 4.4%, near the higher end of its prior guidance of up 3%-5%. Non-fuel unit costs, measured in CASM-ex, grew by 3.4% in Q3, better than previous estimates of 5%. Alaska said the improved cost outlook was because of higher-than-planned capacity growth (3.4%), better productivity and some maintenance costs being shifted into Q4. The company was also helped out by cheaper-than-expected jet fuel, gains from securities sales and a diminished tax rate. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-10-14/unaligned/alaska-spirit-raise-q3-guidance-on-revenue-cost-improvements
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Alaska, Spirit raise Q3 guidance on revenue, cost improvements
Alaska Air Group and Spirit Airlines both revised their Q3 guidance to reflect improvements in unit revenue and non-fuel costs. Alaska said in an Oct 10 investor update that unit revenue, measured in TRASM, is expected to come in at 4.4%, near the higher end of its prior guidance of up 3%-5%. Non-fuel unit costs, measured in CASM-ex, grew by 3.4% in Q3, better than previous estimates of 5%. Alaska said the improved cost outlook was because of higher-than-planned capacity growth (3.4%), better productivity and some maintenance costs being shifted into Q4. The company was also helped out by cheaper-than-expected jet fuel, gains from securities sales and a diminished tax rate. <br/>
