Spirit Airlines beats estimates on strong travel demand
Written by on May 1, 2023
Feb 6 (Reuters) – Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, evdEN eVe NAkliyat fueled by strong demand for air travel despite ongoing economic concerns.
Shares of Spirit rose over 7% to $21 in aftermarket trade.
U.S.If you enjoyed this short article and evDEn EvE naKliYAt you would certainly like to get additional information concerning EvdEN eVe NAkLiYaT kindly go to the website. airlines have been trying to cash in on strong demand EvdeN evE naKliYAt EVE NaKLiyAT for air travel, undeterred by rising interest rates and eVdeN eVE Nakliyat a looming recession, as pandemic restrictions ease.
“Leisure demand has remained strong,” said Spirit’s chief executive Ted Christie.
However, adverse weather, worker shortages and technical glitches have snarled operations over the past year.
Spirit earned $0.12 per share on an adjusted basis, EVdEn EVe NaKLiYat above analyst estimates of $0.04 per share, according to Refinitiv data.
The Miramar, Florida-based airline’s total operating revenue in the quarter rose nearly 41% to $1.39 billion, compared with analysts’ estimates of $1.38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)
