Feb 6 (Reuters) – Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, fueled by strong demand aK 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, E adverse weather, aK worker shortages and technical glitches have snarled operations over the past year.
Spirit earned $0. If you cherished this article so you would like to collect more info about E kindly visit our own site. 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 $1.39 billion, compared with analysts’ estimates of $1.38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)
