Spirit Airlines Ch.11
#142
whats NK's current CASM and RASM compared to the big 4? I think it may be more of a revenue issue vs cost issue compared to them?
#143
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,223
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
#144
Pre-covid their CASM-ex was around $0.07 IIRC, basically half of the legacies. They were eating everyone's lunch. Looks like on the latest quarterly it's $.0767, so not much has changed. This is definitely a revenue issue.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
#145
Pre-covid their CASM-ex was around $0.07 IIRC, basically half of the legacies. They were eating everyone's lunch. Looks like on the latest quarterly it's $.0767, so not much has changed. This is definitely a revenue issue.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
#146
Almost there
Joined APC: Apr 2021
Posts: 1,282
Pre-covid their CASM-ex was around $0.07 IIRC, basically half of the legacies. They were eating everyone's lunch. Looks like on the latest quarterly it's $.0767, so not much has changed. This is definitely a revenue issue.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
https://youtu.be/4-Pu3CXatsA?feature=shared
#147
CHILLAX
Joined APC: Dec 2023
Posts: 118
Pre-covid their CASM-ex was around $0.07 IIRC, basically half of the legacies. They were eating everyone's lunch. Looks like on the latest quarterly it's $.0767, so not much has changed. This is definitely a revenue issue.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
Spirit's prices were so low they were stimulating demand, they weren't just stealing pax from other carriers. But they were also making money at those prices. Not quite sure what happened here.
CASM trends:
2017 7.59
2018 7.93
2019 8.12
2020 7.00 (COVID)
2021 8.22
2022 11.37
2023 10.51
Straight from investors website.
#148
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,223
I don’t think you are looking in the right place. Directly from Q2 financial reports: CASM 10.92 vs RASM 9.38. Spirit model is based on very low CASM, very high aircraft utilization, neither optimal right now, combined with saturated ATC system that is causing disruptions and delays. Spirit might have a small revenue, identity problem, but an LCC is just that, low cost, when your CASM JUMPS 50% but your revenue only jumps 5-10%, and you can’t use your assets to the max to generate more revenue, there is your problem.
CASM trends:
2017 7.59
2018 7.93
2019 8.12
2020 7.00 (COVID)
2021 8.22
2022 11.37
2023 10.51
Straight from investors website.
CASM trends:
2017 7.59
2018 7.93
2019 8.12
2020 7.00 (COVID)
2021 8.22
2022 11.37
2023 10.51
Straight from investors website.
I got the CASM-ex right off the investors site for the past quarter.
#149
Gets Weekends Off
Joined APC: Mar 2023
Posts: 337
#150
Other than the “business class” option, it’s really just the same Spirit with bundle fares. Still the same 1 random flight option VS the 10 other options on legacy carriers. Who’s flying on Spirt to fly business class anyways. They need to just lower costs and become a niche airline, people still want to fly for cheap.
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