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Spirit Airlines beats estimates on strong travel demand

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 EvdeN EVe NAKLiyat for air travel despite ongoing economic concerns.

Shares of Spirit rose over 7% to $21 in aftermarket trade.

U.S.airlines have been trying to cash in on strong demand for air travel, undeterred by rising interest rates and a looming recession, as pandemic restrictions ease.

“Leisure demand has remained strong,” said Spirit’s chief executive Ted Christie.

However, adverse weather, worker shortages and technical glitches have snarled operations over the past year.

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, eVdeN EVE NakLiYaT compared with analysts’ estimates of $1. In the event you loved this short article and evdEn eVE NakliYAt you would want to receive more info regarding eVdEN eVe nAKliyAT generously visit our own webpage. 38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)

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