Spirit Airlines operating profit doubles in 3Q2011

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]