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Spirit Airlines operating profit doubles in 3Q2011

28-Oct-2011 1:38 PM

Spirit Airlines revenue up 42% – financial highlights for three months ended 30-Sep-2011:

  • Total operating revenue: USD288.7 million, +41.8% year-on-year;
  • Total operating costs: USD244.2 million, +33.7%;
    • Fuel: USD105.0 million, +65.2%;
    • Labour: USD45.1 million, +13.1%;
  • Operating profit: USD44.6 million, +112.4%;
  • Net profit: USD27.7 million, -55.2%;
  • Passenger traffic (RPMs): +15.6%;
  • Passenger load factor: 87.0%, +3.8 ppts;
  • Operating revenue per ASM: USD 11.92 cents, +28.4%;
  • Cost per ASM: USD 10.08 cents, +21.0%;
  • Cost per ASM excl fuel and special items: USD 5.74 cents, +5.9%;
  • Average stage length: 909 miles, -3.3%;
  • Total assets: USD722.2 million, +51.8% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: USD351.0 million, +324% when compared to period ended 31-Dec-2010. [more – original PR]