Spirit Airlines 2014 Annual Report Download - page 52

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52
Three Months Ended
March 31,
2013 June 30,
2013 September 30,
2013 December 31,
2013 March 31,
2014 June 30,
2014 September 30,
2014 December 31,
2014
Other operating statistics
Aircraft at end of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 50 51 54 56 57 58 65
Airports served (1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 55 54 53 53 54 55 53
Average daily Aircraft utilization (hours). . . . . . . . . . . . . . . . . . . . . 12.6 12.8 12.8 12.5 12.8 12.8 12.7 12.5
Average stage length (miles). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 941 935 956 998 1,000 976 964 983
Passenger flight segments (thousands) . . . . . . . . . . . . . . . . . . . . . . . 2,768 3,111 3,374 3,161 3,264 3,569 3,752 3,709
Revenue passenger miles (RPMs) (thousands) . . . . . . . . . . . . . . . . . 2,661,491 2,930,912 3,241,309 3,167,376 3,289,287 3,506,459 3,656,842 3,707,271
Available seat miles (ASMs) (thousands). . . . . . . . . . . . . . . . . . . . . 3,127,214 3,420,257 3,637,951 3,675,972 3,784,727 4,008,507 4,174,397 4,372,511
Load factor (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85.1 85.7 89.1 86.2 86.9 87.5 87.6 84.8
Average ticket revenue per passenger flight segment ($) . . . . . . . . . 79.09 77.51 82.84 77.98 77.79 84.75 84.50 73.21
Average non-ticket revenue per passenger flight segment ($) . . . . . 54.75 53.43 52.50 54.88 56.41 55.15 54.04 54.70
Operating revenue per ASM (RASM) (cents). . . . . . . . . . . . . . . . . . 11.85 11.91 12.55 11.43 11.57 12.46 12.45 10.85
CASM (cents) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.26 9.96 9.86 9.57 9.99 9.83 10.05 8.79
Adjusted CASM (cents) (2)(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.14 9.78 10.00 9.67 9.98 9.80 9.80 8.69
Adjusted CASM ex fuel (cents) (2). . . . . . . . . . . . . . . . . . . . . . . . . . 6.04 6.00 5.86 5.78 6.06 5.95 5.92 5.61
Fuel gallons consumed (thousands) . . . . . . . . . . . . . . . . . . . . . . . . . 38,628 42,683 45,521 45,100 46,677 49,401 51,688 52,732
Average economic fuel cost per gallon ($) . . . . . . . . . . . . . . . . . . . . 3.32 3.03 3.31 3.17 3.18 3.13 3.13 2.56
(1) Includes seasonal airports not served at the end of the period. Prior to 2013, we reported only airports served during the period with continuing operations.
(2) Excludes special charges (credits) of $0.0 million (less than 0.01 cents per ASM) in the three months ended March 31, 2013, $0.0 million (less than 0.01 cents per ASM) in the three months ended June 30, 2013,
$0.4 million (0.01 cents per ASM) in the three months ended September 30, 2013, $(0.3) million ((0.01) cents per ASM) in the three months ended December 31, 2013, $0.0 million (less than 0.01 cents per ASM) in
the three months ended March 31, 2014, $0.0 million (less than 0.01 cents per ASM) in the three months ended June 30, 2014, $0.0 million (less than 0.01 cents per ASM) in the three months ended September 30,
2014 and $0.0 million (less than 0.01 cents per ASM) in the three months ended December 31, 2014 . These amounts are excluded from all calculations of Adjusted CASM provided in this annual report. Please see
“Management’s Discussion and Analysis of Financial Condition and Results of Operations—Our Operating Expenses—Special Charges (Credits)."
(3) Excludes unrealized (gains) and losses related to fuel derivative contracts of $3.4 million (0.11 cents per ASM) in the three months ended March 31, 2013, $5.8 million (0.17 cents per ASM) in the three months
ended June 30, 2013, $(5.7) million ((0.16) cents per ASM) in the three months ended September 30, 2013 and $(3.2) million ((0.09) cents per ASM) in the three months ended December 31, 2013, $0.0 million (less
than 0.01 cents per ASM) in the three months ended March 31, 2014, $0.5 million (0.01 cents per ASM) in the three months ended June 30, 2014, $0.4 million (less than 0.01 cents per ASM) in the three months
ended September 30, 2014 and $3.1 million (0.07 cents per ASM) in the three months ended December 31, 2014. Please see “Management’s Discussion and Analysis of Financial Condition and Results of Operations
—Our Operating Expenses—Critical Accounting Policies and Estimates.”