Spirit Airlines (SAVE) PT Lowered to $54 at Deutsche Bank
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Spirit Airlines Reports Second Quarter 2017 Results
July 27, 2017 6:30 AM EDTMIRAMAR, Fla., July 27, 2017 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ: SAVE) today reported second quarter 2017 financial results.
GAAP net income for the second quarter 2017 was $78.1 million ($1.12 per diluted share), or $79.1 million ($1.14 per diluted share)1 excluding special items. GAAP operating margin for the second quarter 2017 was 18.9 percent, or 19.1 percent excluding special items1. Spirit ended the second quarter 2017 with unrestricted cash, cash equivalents, and short-term investments of $969.6 million. Spirit's return on invested capital (non-GAAP, before taxes and excluding special items) for the twelve months ended June 30, 2017 was... More