Spirit Airlines (SAVE) Reports In-Line Q1 EPS

Spirit Airlines (NASDAQ: SAVE) reported Q1 EPS of $0.96, in-line with the analyst estimate of $0.96. Revenue for the quarter came in at $493.36 million versus the consensus estimate of $494.61 million.

Total revenue per available seat mile ("RASM") for the first quarter 2015 decreased 9.9 percent compared to the first quarter 2014 on a capacity increase of 25.0 percent. The RASM decrease was primarily driven by a 7.8 percent decrease in average yield due to the ramp up of our growth in new and mature markets, overall fare compression in many of our markets, and increased capacity from other carriers in the Dallas markets.

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

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