Capacity is anticipated to grow 12 to 15 percent compared to 2023 and adjusted pre-tax margin is expected to be 3 to 6 percent. Fuel costs are expected to be $2.70 to $2.80 per gallon based on the blended fuel curve on February 2, 2024. Adjusted CASM stage-length adjusted to 1,000 miles, is expected to be down 1 to 3 percent over the prior year. Pre-delivery deposits, net of refunds, are expected to be $20 to $50 million and other capital expenditures are expected to be $160 to $180 million.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ULCC:
- Frontier Airlines Reports Fourth Quarter 2023 Financial Results
- ULCC Earnings this Week: How Will it Perform?
- Largest borrow rate increases among liquid names
- Frontier Group Holdings Announces Webcast of Fourth Quarter 2023 Financial Results
- JetBlue, Spirit unlikely to appeal judge’s decisions, says Raymond James