logo
Share SHARE
FONT-SIZE Plus   Neg

Spirit Airlines Q4 Profit Rises - Quick Facts

Spirit Airlines, Inc. (SAVE) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A federal judge has dismissed a lawsuit that accused Starbucks (SBUX) of cheating customers by "under-filling" its cold beverages. The lawsuit alleged that Starbucks is deceiving its customers by serving iced drinks with too much ice cubes and less coffee "than advertised." "If children have figured... Apparel retailer Guess? Inc. (GES) on Wednesday reported an increase in profit for the second quarter, despite lower-than-expected revenues reflecting a one-time gain. Earnings for the quarter easily trumped Wall Street estimates, sending the company's stock up over 14 percent in extended hours. Guess'... HP Inc. (HPQ) on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter...
comments powered by Disqus
Follow RTT