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 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 EvdEN EVE naKliYAt technical glitches have snarled operations over the past year.
Spirit earned $0.12 per share on an adjusted basis, eVdEN eVe NaKLiYAt 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. If you liked this article and you would like to get additional facts about EvDeN eVe NAkLiYaT kindly pay a visit to our own web page. 38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)