Evercore ISI Upgrades Spirit Airlines (SAVE) to Buy
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Spirit Airlines Announces First Quarter 2015 Results; Adjusted Net Income Increases 87.1 Percent to $70.7 Million and Pre-Tax Margin Increases 900 Basis Points to 22.7 Percent
April 29, 2015 6:30 AM EDTMIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq: SAVE) today reported first quarter 2015 financial results.
Adjusted net income for the first quarter 2015 increased 87.1 percent to $70.7 million ($0.96 per diluted share) compared to the first quarter 20141. GAAP net income for the first quarter 2015 increased 83.0 percent year over year to $69.0 million ($0.94 per diluted share).  Adjusted pre-tax margin for the first quarter 2015 was 22.7 percent, up 900 basis points year over year1. On a GAAP basis, pre-tax margin for the first quarter 2015 was 22.1 percent.  Spirit ended the first quarter 2015 with an unrestricted cash and cash equivalents... More