Spirit Airlines Earnings Review - Spirit Airlines (NASDAQ:SAVE) | Seeking Alpha

Top and bottom line growth for SAVE continues to look strong, and this was the 8th straight full year of profitability for the company. Revenue grew 16% for the year and 13% for the quarter. Earnings grew at an even more impressive rate, with net income up 33% for the year and 43% for the quarter. Return on investments was an impressive 30.1% pre-tax for the full year. Management's effectiveness in this area should serve as a huge boon to shareholder value going forward. SAVE finishes the year with $633 million in cash on the balance sheet, and confirmed that the company is continuing its $100 million share buyback plan, opportunistically buying shares when the CEO deems that market volatility has made the stock cheap. SAVE's cost structure and business model continues to deliver high margins that no other airline can come close to, with the 4th-quarter operating margin reaching 19.9%. Even more impressive is the company's forecast for 2015, which it estimates as falling between 24% and 29%.