Spirit Airlines reports 14% profit growth in 3Q2019

    Spirit Airlines reported (23-Oct-2019) the following financial highlights for the three months ended 30-Sep-2019:

    • Operating revenue: USD992 million, +9.7% year-on-year;
      • Fare: USD493.4 million, +3.5%;
      • Non-fare: USD480 million, +16.7%;
    • Operating costs: USD867.3 million, +14.2%;
      • Fuel: USD253.8 million, -1.9%;
      • Labour: USD224.1 million, +21.1%;
    • Operating profit: USD124.7 million, +14.1%;
    • Net profit: USD83.5 million, +14.4%;
    • Yield: USD 10.95 cents, -0.2%;
    • Revenue per ASM: USD 9.28 cents, -1.7%;
    • Cost per ASM: USD 8.12 cents, +2.4%;
    • Cost per ASM excl fuel: USD 5.66 cents, +8.4%;
    • Average stage length: 979 miles, -5.2%.