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

Also Read:  Fifth Third Bancorp (FITB) Earnings: 2Q20 Key Numbers

Most Popular

American International Group (AIG) Q2 earnings drop but top expectations

American International Group (NYSE: AIG)  Monday said its after-tax adjusted profit dropped sharply in the second quarter of 2020 but exceeded the consensus forecast. Adjusted after-tax income attributable to shareholders

A visual dashboard of Virgin Galactic (SPCE) Q2 earnings

A day after announcing a partnership with Rolls-Royce for the design and development of engine propulsion technology for its supersonic aircraft, Richard Branson-led Virgin Galactic (NYSE: SPCE) announced second-quarter results

Take-Two Interactive Software (TTWO) Earnings: Key financials from Q1 2021

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported first quarter 2021 earnings results today. Revenues increased 54% to $831.3 million. GAAP net income increased 91% to $88.5 million, or $0.77 per share. Net bookings

One thought on “Spirit Airlines (SAVE): Q4 2019 Earnings Snapshot

Comments are closed.

Top