We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Spirit Airlines, Inc. (SAVE - Free Report) is a low-cost passenger carrier based in Miramar, FL. The carrier is constantly making efforts to expand by adding new flights. Spirit Airlines has an encouraging track record having delivered positive earnings surprises in each of the last four quarters, with an average beat of 4.69%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Spirit Airlines’ second quarter 2017 earnings (on an adjusted basis) came in at $1.14 per share, beating the Zacks Consensus Estimate of $1.11. Earnings increased 2.7% on a year-over-year basis.
Revenue: Spirit Airlines reported operating revenues of $701.7 million, just short of the Zacks Consensus Estimate. An increase in non-ticket revenues contributed to the top line expanding 20.1% on a year over year basis.
Key Stats to Note: In the reported quarter, total revenue per available seat mile increased 5.7% year over year on the back of the shift in Easter. Load factor (% of seats filled by passengers) decreased to 85.3% from 86.4% in the year-ago quarter. Load factor decreased as traffic growth (12.1%) was outpaced by capacity expansion (13.6%) during the reported quarter. Cost per available seat mile, excluding special items and fuel increased 10%.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Spirit Airlines (SAVE) Beats on Q2 Earnings
Spirit Airlines, Inc. (SAVE - Free Report) is a low-cost passenger carrier based in Miramar, FL. The carrier is constantly making efforts to expand by adding new flights. Spirit Airlines has an encouraging track record having delivered positive earnings surprises in each of the last four quarters, with an average beat of 4.69%.
Zacks Rank: Currently, Spirit Airlines has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Spirit Airlines’ second quarter 2017 earnings (on an adjusted basis) came in at $1.14 per share, beating the Zacks Consensus Estimate of $1.11. Earnings increased 2.7% on a year-over-year basis.
Spirit Airlines, Inc. Price and EPS Surprise
Spirit Airlines, Inc. Price and EPS Surprise | Spirit Airlines, Inc. Quote
Revenue: Spirit Airlines reported operating revenues of $701.7 million, just short of the Zacks Consensus Estimate. An increase in non-ticket revenues contributed to the top line expanding 20.1% on a year over year basis.
Key Stats to Note: In the reported quarter, total revenue per available seat mile increased 5.7% year over year on the back of the shift in Easter. Load factor (% of seats filled by passengers) decreased to 85.3% from 86.4% in the year-ago quarter. Load factor decreased as traffic growth (12.1%) was outpaced by capacity expansion (13.6%) during the reported quarter. Cost per available seat mile, excluding special items and fuel increased 10%.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>