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17-Feb-2012 12:58 PM

Spirit Airlines operating profit doubles in 2011

Spirit Airlines revenue up 27% – financial highlights:

  • Three months ended 31-Dec-2011:
    • Operating revenue: EUR273.9 million, +26.7% year-on-year;
    • Operating costs: USD235.9 million, +21.5%;
      • Fuel: USD94.8 million, +35.4%;
      • Labour: USD48.2 million, +15.6%;
    • Operating profit: USD38.0 million, +73.0%;
    • Net profit: USD24.0 million, +151.7%;
    • Passenger numbers: 2.2 million, +13.9%;
    • Load factor: 85.4%, +1.1 ppt;
    • Operating revenue per ASM: USD 11.89 cents, +21.1%;
    • Cost per ASM: USD 10.24 cents, +16.0%;
    • Cost per ASM excl fuel and special items: USD 6.08 cents, +8.2%;
  • 12 months ended 31-Dec-2011:
    • Operating revenue: USD1071 million, +37.1%;
    • Operating costs: USD926.8 million, +30.1%;
      • Fuel: USD388.0 million, +56.3%;
      • Labour: USD181.7 million, +16.2%;
    • Operating profit: USD144.4 million, +109.6%;
    • Net profit: USD76.4 million, +5.5%;
    • Passenger numbers: 8.5 million, +22.5%;
    • Load factor: 85.6%, +3.5 ppts;
    • Operating revenue per ASM: USD 11.45 cents, +19.0%;
    • Cost per ASM: USD 9.91 cents, +13.0%;
    • Cost per ASM excl fuel and special items: USD 5.72 cents, +0.2%. [more – original PR]

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