Spirit Airlines beats estimates on strong travel demand
Written by on May 14, 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 EVDen EVe NAkliYaT air travel despite ongoing economic concerns.
Shares of Spirit rose over 7% to $21 in aftermarket trade.
U.S.airlines have been trying to cash in on strong demand for EVden eVe nAKLiYaT air travel, undeterred by rising interest rates and 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, above analyst estimates of $0. If you adored this article and also you would like to get more info relating to eVDen eve naKliYAT please visit our web-page. 04 per share, EvDEn EvE nAkLiyaT 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)
