Alaska Air Group and Spirit Airlines both revised their third-quarter (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 total operating revenue divided by available seat-miles (TRASM), is expected to come in at 4.4%, near the higher end of its prior guidance of 3-5% growth. Non-fuel unit costs, measured in cost per available seat-miles (CASM-ex fuel), grew by 3.4% in Q3 lower than previous ...

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