Florida-based ultra-low-cost-carrier (ULCC) Spirit Airlines has lowered its revenue guidance for the 2017 first quarter by two percentage points, according an SEC filing. In the report, Spirit said its first-quarter 2017 total revenue per available seat mile (TRASM) will be down 4%-5% year-over-year (YOY), deepened from the company’s previously announced estimate of a 2.5% YOY TRASM drop. Spirit attributed the revised estimate to “our underestimating the impact related to the ...

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