Spirit Airlines, Inc. (SAVE) Tops Q3 EPS by 9c
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Spirit Airlines, Inc. (NASDAQ: SAVE) reported Q3 EPS of $0.39, $0.09 better than the analyst estimate of $0.30. Revenue for the quarter came in at $288.7 million versus the consensus estimate of $274.9 million.
Total revenue per available seat mile increased to 11.92 cents, up 28.4% as compared to the third quarter last year driven primarily by higher operating yields and a load factor increase of 3.8 points to 87.0%. Total revenue per passenger flight segment increased to $126.37, an 18.5% increase as compared to the third quarter 2010.
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Total revenue per available seat mile increased to 11.92 cents, up 28.4% as compared to the third quarter last year driven primarily by higher operating yields and a load factor increase of 3.8 points to 87.0%. Total revenue per passenger flight segment increased to $126.37, an 18.5% increase as compared to the third quarter 2010.
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