Categories Earnings

Spirit Airlines (SAVE): Q3 2019 Earnings Snapshot

— Spirit Airlines (NYSE: SAVE) reported third-quarter 2019 earnings of $1.32 per share, vs. $ 1.23 per share expected.

— Revenues rose 9.7% to $992 million, vs. $ 987 million expected, driven by 18% growth in flight volume.

— TRASM edged down 1.7% year-over-year, due to lower load factor and impact from Hurricane Dorian.

— Cost per available seat mile, excluding on-time items jumped 8.4%.

— SAVE shares ended Wednesday’s regular trading session up 1.4%.

Spirit Airlines stock turns cheaper after hitting 2-year low
Photo Courtesy: Spirit Airlines

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