logo
Share SHARE
FONT-SIZE Plus   Neg

Spirit Airlines Q4 Profit Rises - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
UK-based oil giant BP Plc. and French peer Total SA Tuesday reported lower profit for the first quarter, as oil prices declined sharply from the previous year. However, results reflected stronger overall refining environment. Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year. Apple Inc. said Monday after the markets closed that its second quarter profit rose 33% from last year, driven by strong sales of iPhone and Mac as well as all-time record performance of the App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales.
comments powered by Disqus
RELATED NEWS
Trade SAVE now with 
Follow RTT