Spirit Airlines (SAVE) Tops Q3 EPS by 4c
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Spirit Airlines Reports Third Quarter 2017 Results
October 26, 2017 6:30 AM EDTMIRAMAR, Fla., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ: SAVE) today reported third quarter 2017 financial results.
GAAP net income for the third quarter 2017 was $60.2 million ($0.87 per diluted share), or $65.5 million ($0.94 per diluted share)1 excluding special items. GAAP operating margin for the third quarter 2017 was 15.1 percent, or 16.4 percent excluding special items1. Spirit ended the third quarter 2017 with unrestricted cash, cash equivalents, and short-term investments of $964.4 million. Spirit's return on invested capital (non-GAAP, before taxes and excluding special items) for the twelve months ended September 30, 2017 was 18.1 percent2.... More