Spirit Airlines (SAVE) Tops Q1 EPS by 1c, Miss on Revenues

Spirit Airlines (NASDAQ: SAVE) reported Q1 EPS of $0.44, $0.01 better than the analyst estimate of $0.43. Revenue for the quarter came in at $704.14 million versus the consensus estimate of $706.26 million.

• For the first quarter 2018, Spirit reported a GAAP net loss of $44.9 million (loss of $0.66 per diluted share). Excluding special items, first quarter 2018 net income was $29.9 million ($0.44 per diluted share)1.
• GAAP operating margin for the first quarter 2018 was negative 5.5 percent. Excluding special items, operating margin for the first quarter 2018 was 7.3 percent1.
• Spirit ended the first quarter 2018 with unrestricted cash, cash equivalents, and short-term investments of $999.7 million.

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

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