Spirit Airlines Q4 Loss Narrows; Tops Estimates
(RTTNews) - Spirit Airlines, Inc. (SAVE) reported Wednesday a net loss for the fourth quarter of $183.65 million or $1.68 per share, narrower than $270.66 million or $2.49 per share in the prior-year quarter.
Excluding items, adjusted loss for the quarter was $1.36 per share, compared to adjusted earnings of $0.12 per share in the year-ago quarter.
On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $1.46 per share for the quarter. Analysts' estimates usually exclude special items.
Total operating revenues for the quarter decreased to $1.32 billion from $1.39 billion in the same quarter last year. Analysts were looking for $1.32 billion for the quarter.
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