Airline

Shares of Spirit Airlines Inc. tumbled Friday after the company warned that a key revenue figure would fall this year.

By Victoria Tozer-Pennington Sep 20, 2012 6 mins read

Shares of Spirit Airlines Inc. tumbled Friday after the company warned that a key revenue figure would fall this year.

The Florida airline said Thursday that its revenue per available seat mile, which measures how much money the airline makes to fly a passenger a single mile, will fall between 2.5 percent and 4.5 percent. Besides the recent impact of Hurricane Isaac on bookings, Spirit also blamed a tax reprieve in ...

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Shares of Spirit Airlines Inc. tumbled Friday after the company warned that a key revenue figure would fall this year.

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