Spirit: Q4 Earnings Snapshot
MIRAMAR, Fla. (AP) — MIRAMAR, Fla. (AP) — Spirit Airlines Inc. (SAVE) on Monday reported a loss of $270.7 million in its fourth quarter.
On a per-share basis, the Miramar, Florida-based company said it had a loss of $2.49. Earnings, adjusted for non-recurring costs, came to 12 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The airline posted revenue of $1.39 billion in the period, matching Street forecasts.
For the year, the company reported a loss of $554.2 million, or $5.10 per share. Revenue was reported as $5.07 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAVE at https://www.zacks.com/ap/SAVE