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Spirit Airlines reports double-digit profit growth in 2Q2013

25-Jul-2013 1:32 PM

Spirit Airlines revenue up 18% – financial highlights:

  • Three months ended 30-Jun-2013:
    • Total operating revenue: USD407.3 million, +17.6%;
      • Passenger: USD241.1 million, +13.8%;
      • Non-ticket: USD166.2 million, +23.6%;
    • Total operating costs: USD340.6 million, +17.0%;
      • Fuel: USD135.3 million, +12.5%;
      • Labour: USD64.5 million, +20.5%;
    • Operating profit: USD66.8 million, +21.1%;
    • Net profit: USD42.1 million, +21.6%;
    • Passenger traffic (RPMs): +22.2%;
    • Load factor: 85.7%, +0.9 ppt;
    • Operating revenue per ASM: USD 11.91 cents, -2.8%;
    • Average yield: USD 13.90 cents, -3.7%;
    • Cost per ASM: USD 9.96 cents, -3.3%;
  • Six months ended 30-Jun-2013:
    • Total operating revenue: USD777.8 million, +20.1%;
      • Passenger: USD460.0 million, +17.4%;
      • Non-ticket: USD317.8 million, +24.2%;
    • Total operating costs: USD661.3 million, +19.1%;
      • Fuel: USD266.9 million, +16.6%;
      • Labour: USD126.0 million, +18.7%;
    • Operating profit: USD116.4 million, +26.0%;
    • Net profit: USD72.6 million, +25.2%;
    • Passenger traffic: +21.8%;
    • Load factor: 85.4%, +0.6 ppt;
    • Operating revenue per ASM: USD 11.88 cents, -0.7%;
    • Average yield: USD 13.91 cents, -1.4%;
    • Cost per ASM: USD 10.10 cents, -1.6%;
    • Total assets: USD1107 million;
    • Cash and ash equivalents: USD524.9 million;
    • Total liabilities: USD448.6 million. [more - original PR]