Spirit Airlines (SAVE) Tops Q1 EPS by 5c

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Go back to Spirit Airlines (SAVE) Tops Q1 EPS by 5c

Spirit Airlines Reports First Quarter 2016 Adjusted Pre-Tax Margin of 21.3 Percent (1)

April 26, 2016 6:30 AM EDT

MIRAMAR, Fla., April 26, 2016 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ: SAVE) today reported first quarter 2016 financial results.

Adjusted net income for the first quarter 2016 was $72.3 million ($1.01 per diluted share)1.  GAAP net income for the first quarter 2016 was $61.9 million ($0.86 per diluted share).Adjusted pre-tax margin for the first quarter 2016 was 21.3 percent1.  On a GAAP basis, pre-tax margin for the first quarter 2016 was 18.2 percent. Unrestricted cash and cash equivalents as of March 31, 2016 was $902.8 million. Spirit's return on invested capital (before taxes and excluding special items) for the... More