Spirit Airlines (SAVE) Tops Q4 EPS by 3c
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Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results
February 7, 2017 6:30 AM ESTMIRAMAR, 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