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.
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.
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, Florida-based airline’s total operating revenue in the quarter rose nearly 41% to $1. If you have any sort of questions regarding where and eVden EVE nAKLiYAt how you can make use of EvDeN Eve nAkliYAt, you can call us at the web site. 39 billion, compared with analysts’ estimates of $1.38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)