Categories Earnings, Industrials

Spirit Airlines (SAVE): Q4 2019 Earnings Snapshot

— Spirit Airlines (NYSE: SAVE) reported fourth-quarter 2019 earnings of $1.24 per share versus $1.20 per share expected.

— Revenues rose 12.4% to $969.8 million versus $965.56 million expected. This was driven by an 18.6% growth in flight volume.

Earnings Update by AlphaStreet

— Total operating revenue per available seat mile (TRASM) edged down 3.6% year-over-year, due to lower operating yields as load factor was up slightly.

— Cost per available seat mile, excluding one-time items, jumped by 3.3%. This was due to heavy maintenance amortization, maintenance, material and repairs, and other operating expenses.

— Spirit took delivery of nine new aircraft (seven A320neo and two A320ceo) during the fourth quarter, ending the year with 145 aircraft in its fleet.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

What to look for when Hormel Foods (HRL) reports Q4 2023 earnings

Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings

Kroger set to report Q3 results. Here’s everything you need to know

The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer

Earnings Preview: Salesforce will likely deliver another strong quarter

Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top