Spirit Airlines (SAVE) Tops Q4 EPS by 3c

Go back to Spirit Airlines (SAVE) Tops Q4 EPS by 3c

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results

February 7, 2017 6:30 AM EST

MIRAMAR, Fla., Feb. 07, 2017 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ: SAVE) today reported fourth quarter and full year 2016 financial results.

GAAP net income for the fourth quarter 2016 was $48.5 million ($0.70 per diluted share), or $53.9 million ($0.77 per diluted share)1, excluding special items.GAAP net income for the full year 2016 was $264.9 million ($3.76 per diluted share), or $291.0 million ($4.13 per diluted share)1, excluding special items.Spirit ended 2016 with unrestricted cash, cash equivalents, and short-term investments of $801.1 million.Spirit's return on invested capital (before taxes and excluding special items) for the twelve months... More