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, fueled by strong demand 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, EVDEN EvE nAKliYat undeterred by rising interest rates and EVdEn EvE naKLiYAT a looming recession, as pandemic restrictions ease.

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

However, EVDEN EvE nAkliYat adverse weather, EvdeN EVe NAkliYaT 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, evDen Eve nAkLiyat Florida-based airline’s total operating revenue in the quarter rose nearly 41% to $1. In the event you loved this article in addition to you would like to receive more info with regards to EvdeN EVE NakliYat generously visit the internet site. 39 billion, compared with analysts’ estimates of $1.38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)