Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Spirit Airlines Q4 Profit Rises - Quick Facts

RELATED NEWS
Trade SAVE now with 

Spirit Airlines, Inc. (SAVE: Quote) reported that its fourth-quarter net income increased to $43.2 million or $0.59 per share, from $19.6 million or $0.27 per share, last year. Adjusted net income for the fourth quarter of 2013 was $41.0 million or $0.56 per share.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.50 for the quarter. Analysts' estimates typically exculde special items. Total operating revenue was $420.0 million, an increase of 27.9 percent compared to the fourth quarter 2012. The company said the year-over-year increase was driven by continued strong demand and growth in capacity. The increase was also partly attributable to the negative revenue impact in the fourth quarter 2012 related to Hurricane Sandy. Analysts expected revenue of $421.44 million for the quarter.

Click here to receive FREE breaking news email alerts for Spirit Airlines Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Bank of Japan expanded its massive quantitative and qualitative easing unexpectedly as policymakers assessed it necessary to achieve the 2 percent inflation target even after a sales tax hike in April. In a 5-4 vote, the Policy Board led by Governor Haruhiko Kuroda decided to raise the monetary base at an annual pace of about JPY 80 trillion. LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. After ending the previous session modestly lower, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day more than offset yesterday's losses, lifting the major averages to their best closing levels in a month.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.