AerCap says its deal with Spirit Airlines for 36 A320neos comes with the benefit of getting aircraft sooner than it could have by ordering from Airbus.
In updated guidance, Spirit Airlines has dropped its Q2 revenue estimate by $40 million-$60 million, due primarily to lower-than-expected non-ticket earnings.
Spirit Airlines is not currently evaluating a plan for bankruptcy, its CEO confirms, describing progress on efforts being made to return to profitability.
The FAA Reauthorization Act includes approval for five new daily roundtrips from Ronald Reagan Washington National Airport beyond the 1,250-mi. perimeter.
Spirit Airlines is applying to DOT for the right to launch a beyond-perimeter route between Reagan Washington National Airport (DCA) and San José, California.
Given the accounting change, Spirit Airlines now estimates it will recognize roughly $1.6 million of credits from grounded aircraft in the first quarter.
Spirit Airlines Executive Vice President and CCO Matt Klein expects to see more consolidation—despite the collapse of the ULCC’s merger with JetBlue Airways.
Network adjustments are ahead for JetBlue Airways, as it moves beyond a terminated Spirit Airlines merger and its shuttered alliance with American Airlines.