Spirit Airlines operating profit up 34% in 4Q2015

Spirit Airlines revenue up 10% - financial highlights:

• Three months ended 31-Dec-2015:
• • Total operating revenue: USD519.8 million, +9.6% year-on-year;
  • • Passenger: USD267.5 million, -1.5%;
    • Non-ticket: USD252.4 million, +24.4%;
  • Total operating costs: USD399.5 million, +3.9%;
  • • Fuel: USD105.2 million, -23.8%;
    • Labour: USD97.0 million, +19.5%;
  • Operating profit: USD120.3 million, +33.7%;
  • Net profit: USD74.4 million, +33.1%;
  • Passenger numbers: 4.7 million, +25.4%;
  • Load factor: 82.9%, -1.9 ppt;
  • Total operating revenue: USD 9.11 cents, -16.0%;
  • Average yield: USD 11.00 cents, -14.1%;
  • Cost per ASM: USD 7.00 cents, -20.4%;
  • Cost per ASM excl fuel: USD 5.15 cents, -8.2%;
  • Average stage length: 1000 miles, +1.7%;
• 12 months ended 31-Dec-2015:
• • Total operating revenue: USD2141 million, +10.9%;
  • • Passenger: USD1169 million, +2.1%;
    • Non-ticket: USD972.1 million, +23.6%;
  • Total operating costs: USD1632 million, +3.6%;
  • • Fuel: USD461.4 million, -24.7%;
    • Labour: USD378.2 million, +20.5%;
  • Operating profit: USD509.1 million, +43.3%;
  • Net profit: USD317.2 million, +40.7%;
  • Passenger numbers: 17.9 million, +25.4%;
  • Load factor: 84.7%, -2.0 ppts;
  • Average yield: USD 11.90 cents, -12.8%;
  • Cost per ASM: USD 7.68 cents, -20.4%;
  • Cost per ASM excl fuel: USD 5.50 cents, -6.5%;
  • Average stage length: 987 miles, +0.7%;
  • Total assets: USD2531 million;
  • Cash and cash equivalents: USD803.6 million;
  • Total liabilities: USD1305 million.