Spirit Airlines beats by $0.23, reports revs in-line, ASMs up 54.4% yr/yr
4:25 PM ET 10/27/21 | Briefing.com
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4:10 PM ET 10/27/21
Symbol Last % Chg
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22.17 -2.68%
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Reports Q3 (Sep) loss of $0.69 per share, excluding non-recurring items, $0.23 better than the S&P Capital IQ Consensus of ($0.92); revenues rose 129.5% year/year to $922.6 mln vs the $925.13 mln S&P Capital IQ Consensus.Available Seat Miles (ASMs) up 54.4% yr/yr, up 3.5% vs. 2019.Load Factor of 77.6%, up 9.5 pts yr/yr.Adjusted CASM of 8.93 cents, down 1.5% yr/yr.Q4 Outlook: Sees adjusted operating expenses of $1.050-$1.060 bln; adjusted EBITDA margin of (5)%-flat, fuel costs per gallon of $2.54.