Spirit Airlines, Inc. (SAVE) Tops Q1 EPS by 1c
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Spirit Airlines Announces First Quarter 2014 Results: First Quarter 2014 Adjusted Net Income Increases 15.4 Percent to $37.8 Million
April 29, 2014 6:30 AM EDTMIRAMAR, Fla., April 29, 2014 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq: SAVE) today reported first quarter 2014 financial results.
Adjusted net income for the first quarter 2014 increased 15.4 percent to $37.8 million ($0.52 per diluted share) compared to $32.8 million ($0.45 per diluted share) for the first quarter 20131. GAAP net income for the first quarter 2014 was $37.7 million ($0.51 per diluted share) compared to $30.6 million ($0.42 per diluted share) in the first quarter 2013. Â For the first quarter 2014, Spirit achieved an adjusted pre-tax margin of 13.7 percent compared to 14.4 percent over the same period in 20131. On a GAAP basis, pre-tax margin for the first... More