Spirit Airlines Beats Estimates On Strong Travel Demand
Feb 6 (Reuters) - Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, fueled by strong demand evDen eve nAKliYaT for air travel despite ongoing economic concerns.
Shares of Spirit rose over 7% to $21 in aftermarket trade.
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airlines have been trying to cash in on strong demand for air travel, undeterred by rising interest rates and eVden eVE NakLiYaT a looming recession, as pandemic restrictions ease.
"Leisure demand has remained strong," said Spirit's chief executive Ted Christie.
However, adverse weather, EVdeN evE nakliyAt 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, according to Refinitiv data.
The Miramar, Florida-based airline's total operating revenue in the quarter rose nearly 41% to $1. In case you have virtually any issues with regards to where as well as how you can work with evDEN eve NAkLiyaT, you are able to e mail us on our web page. 39 billion, compared with analysts' estimates of $1.38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)