Spirit Airlines (SAVE) Tops Q2 EPS by 2c

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Go back to Spirit Airlines (SAVE) Tops Q2 EPS by 2c

Spirit Airlines Reports Second Quarter 2015 Adjusted Pre-Tax Margin of 21.3 Percent

July 24, 2015 6:00 AM EDT

MIRAMAR, Fla., July 24, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ: SAVE) today reported second quarter 2015 financial results.

Adjusted net income for the second quarter 2015 increased 12.6 percent to $74.8 million ($1.03 per diluted share) compared to the second quarter 20141. GAAP net income for the second quarter 2015 increased 18.3 percent year over year to $76.7 million ($1.05 per diluted share).   Adjusted pre-tax margin for the second quarter 2015 was 21.3 percent1. On a GAAP basis, pre-tax margin for the second quarter 2015 was 21.8 percent.   Spirit ended the second quarter 2015 with unrestricted cash and cash equivalents of $769.3 million.   Spirit's... More