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Spirit Airlines ensures transparency with new fuel cost breakout |
Airline Code [NKS] View More Spirit Airlines News |
| Spirit Airlines Profile |
Spirit Airlines today announced an innovative approach to ensure transparency in fuel costs, making sure customers know how much of their fare is fuel cost. Customers will now have this important information available to make smart travel decisions. For example, when a fare is $137 and fuel makes up $78 of that fare, customers can decide if the remaining $59 makes this a good time to buy.
Beginning today, customers can visit www.spiritair.com/howmuchismyfuel to see how much of their ticket is for the fuel to cover their trip. Spirit provides a table that illustrates the amount of fuel used for various trip lengths, the current price of fuel and how much this translates per one-way passenger.
Spirit saves customers millions of dollars a year through its low fares, and some of this savings comes from its highly efficient fleet. Thanks to these modern Airbus aircraft, Spirit is among the most fuel-efficient airlines per seat in the Americas. For example, Spirit’s Airbus A319 is over 30 percent more efficient per passenger than a McDonnell Douglas MD80 with 136 seats.¹ Spirit passes these savings on to our customers in the form of lower fares. Spirit’s miles per gallon per passenger is not only among the best in the airline industry, but compares well against some of the most fuel efficient cars on the road today. This allows customers to be green and price conscious at the same time.
“Everyone sees the effect of oil price movements when they fill up their car, but rarely do customers have any idea how much of their fare is comprised of fuel cost,” said Barry Biffle, Spirit Airlines Chief Marketing Officer. “With this new approach, our customers will see exactly what they are paying for in fuel rather than guessing. We are not just the low fare leader, but now also the transparency leader.”
| FPT (Fuel Pass Through) Calculation | ||||||||||
| Mileage Range | Gallons Used* | Per Passenger | Fuel Price Per Gallon | FPT Per Passenger | ||||||
| Gallons* | MPG | Price** | Misc*** | Total | ||||||
| Up to 399 | 554 | 4.8 | 42 | $2.02 | $0.25 | $2.27 | $10.83 | |||
| 400 to 599 | 1,107 | 9.5 | 42 | $2.02 | $0.25 | $2.27 | $21.67 | |||
| 600 to 799 | 1,342 | 11.6 | 52 | $2.02 | $0.25 | $2.27 | $26.25 | |||
| 800 to 999 | 1,550 | 13.4 | 60 | $2.02 | $0.25 | $2.27 | $30.33 | |||
| 1,000 to 1,199 | 1,993 | 17.2 | 58 | $2.02 | $0.25 | $2.27 | $39.00 | |||
| 1,200 to 1,599 | 2,683 | 23.1 | 52 | $2.02 | $0.25 | $2.27 | $52.51 | |||
| 1,600 to 1,999 | 3,100 | 26.7 | 60 | $2.02 | $0.25 | $2.27 | $60.66 | |||
| 2000 + | 3,986 | 34.4 | 58 | $2.02 | $0.25 | $2.27 | $78.00 | |||
| * | Assumes Spirit Airbus A319 at 80% load factor. For the mileage range of up to 399, 200 miles is used to calculate the average fuel burn, and for each of the other mileage ranges, the lowest number of the range is used. | |
| ** | U.S. Gulf Coast kerosene type jet fuel prices according to the U.S. Energy Information Administration – www.eia.gov. | |
| *** | Distribution, handling, security, federal excise taxes, etc. |
(1) Source: Spirit Airlines operation of MD80 aircraft through 2006.
(c) Centre for Asia Pacific Aviation. Date posted: 15-Feb-10