Spirit Airlines (NASDAQ: SAVE) reported Q3 EPS of $1.24, $0.15 better than the analyst estimate of $1.09. Revenue for the quarter came in at $621.3 million versus the consensus estimate of $616.09 million.

Total revenue per available seat mile (TRASM) for the third quarter 2016 decreased 7.0 percent compared to the same period last year, primarily driven by a decrease in passenger yield as a result of industry competitive pricing pressures. Although yields decreased year over year, throughout the third quarter 2016, the Company saw sequential improvement in the rate of decline

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