Ultra-low-cost carrier (ULCC) Spirit Airlines expects to record higher-than-anticipated second-quarter unit revenue but a smaller capacity increase, largely because of “pilot-related flight cancellations,” the airline said July 17. In an investor update, the Florida-based ULCC said it now expects its total revenue per available seat-mile (TRASM) to have increased about 5.5% year-over-year in the second quarter. It previously provided an expected range of 4%-5% in June. It now ...

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