Spirit: 4Q Earnings Snapshot
MIRAMAR, Fla. (AP) _ Spirit Airlines Inc. (SAVE) on Tuesday reported fourth-quarter net income of $91.9 million.
On a per-share basis, the Miramar, Florida-based company said it had profit of $1.34. Earnings, adjusted for non-recurring costs, were $1.38 per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.38 per share.
The airline posted revenue of $862.8 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $852.2 million.
For the year, the company reported profit of $155.7 million, or $2.28 per share. Revenue was reported as $3.32 billion.
Spirit shares have climbed nearly 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $63.02, an increase of 58 percent in the last 12 months.