Spirit Airlines, Inc. (SAVE) Tops Q4 EPS by 6c

February 19, 2014 6:32 AM EST
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Spirit Airlines, Inc. (NASDAQ: SAVE) reported Q4 EPS of $0.56, $0.06 better than the analyst estimate of $0.50. Revenue for the quarter came in at $420 million versus the consensus estimate of $421.44 million.

Total revenue per available seat mile ("RASM") for the fourth quarter 2013 was 11.43 cents, an increase of 3.0 percent compared to the fourth quarter 2012 as a result of both higher average passenger yields and load factors.

Passenger flight segment ("PFS") volume for the fourth quarter 2013 grew 19.4 percent year over year. Average revenue per PFS for the fourth quarter 2013 increased 7.1 percent year over year to $132.86 primarily driven by an increase in ticket revenue per PFS.

For earnings history and earnings-related data on Spirit Airlines, Inc. (SAVE) click here.

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