Difference between revisions of "Spirit Airlines Beats Estimates On Strong Travel Demand"
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| − | Feb 6 (Reuters) - Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, fueled by strong demand | + | Feb 6 (Reuters) - Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, fueled by strong demand for air travel despite [https://www.flickr.com/search/?q=ongoing ongoing] economic concerns.<br> Shares of Spirit rose over 7% to $21 in [https://www.cbsnews.com/search/?q=aftermarket aftermarket] trade.<br> U.S.<br><br>airlines have been trying to cash in on strong demand for air travel, undeterred by rising interest rates and a looming recession, as pandemic restrictions ease.<br> "Leisure demand has remained strong," said Spirit's chief executive Ted Christie.<br> However, adverse weather, worker shortages and technical glitches have snarled operations over the past year.<br> Spirit earned $0.12 per share on an adjusted basis, above analyst estimates of $0.04 per share, [http://168.61.164.23/wiki/User:KatrinaG89 eVDen evE nAKliyAT] according to Refinitiv data.<br> The Miramar, [https://evigetir.com/baba.html eVdeN eve nakLiyAT] 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. If you loved this article and also you would like to get more info pertaining to [https://evigetir.com/evden-eve-nakliyat.html EvDeN Eve NaKLiYAT] please visit our site. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)<br> |
Revision as of 02:15, 2 April 2023
Feb 6 (Reuters) - Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, fueled by strong demand for 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 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 $0.04 per share, eVDen evE nAKliyAT according to Refinitiv data.
The Miramar, eVdeN eve nakLiyAT 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. If you loved this article and also you would like to get more info pertaining to EvDeN Eve NaKLiYAT please visit our site. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)
