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

Quick Facts

Editors Pick
The Eurozone private sector growth eased more-than-expected in August as weak manufacturing performance hurt Germany's expansion, while the French private sector activity stagnated. The Eurozone composite output index fell to 52.8 in August from 53.8 in July, flash data from Markit Economics showed Thursday. The indicator was expected to fall marginally to 53.4. In the worst blow Israel inflicted on Hamas since Operation Protective Edge began on July 8, three senior Hamas military commanders were killed in overnight air strikes on Gaza. The Islamist movement that controls the Gaza Strip said Mohammed Abu Shammala, Raed al-Attar and Mohammed Barhoum were killed in a bombing of a house in the southern town of Rafah. They were the Hamas masterminds of smuggl Computer and printer maker Hewlett-Packard Co. (HPQ) said Wednesday after the markets closed that its third quarter profit fell 29% from last year, hurt mainly by higher restructuring charges even as revenue grew 1%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue beat analysts' forecast.
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.