Feb 6 (Reuters) – Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, EvDen EVe naKliYAt fueled by strong demand for air travel despite ongoing economic concerns.
Shares of Spirit rose over 7% to $21 in aftermarket trade.
“Leisure demand has remained strong,” said Spirit’s chief executive Ted Christie.
Spirit earned $0.12 per share on an adjusted basis, above analyst estimates of $0.04 per share, according to Refinitiv data.
The Miramar, Florida-based airline’s total operating revenue in the quarter rose nearly 41% to $1.39 billion, compared with analysts’ estimates of $1.38 billion. If you want to check out more information regarding eVDEn eve NaKLiYat have a look at our web site. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)