Spirit of NKS
#7611
I found it, thanks for the directions. That chart was exactly what I was looking for, my previous one was out of date.
#7612
Spirit Airlines Q2 Beats Street On EPS And Revenues; Shares up More Than 3% Early
7/29/14, 7:23
06:23 AM EDT, 07/29/2014 (MT Newswires) -- Spirit Airlines (SAVE) has reported Q2 earnings per share and revenues that beat the Street view, driven by growth in flight volume, higher load factors, and higher operating yields.
Adjusted EPS of $0.91 was up from $0.63 in Q2 2013 and beat analyst estimates of $0.90. Total operating revenue was $499.3 million, up from $407.33 million in Q2 2013 and surpassing analyst projections of $498.74 million.
"While growing our capacity 17.2% year over year, we grew our top line 22.6% year over year," said Ben Baldanza, Spirit's Chief Executive Officer. "Our efforts to drive operational excellence have produced material improvements in controllable components of our cost structure which contributed to the 3.5 percentage point year-over-year increase in our Adjusted Operating Margin."
Shares of SAVE are up $2.46, or 3.63%, at $70.18 in early pre-market trading within a range of $29.65 - $68.95.
Price: 70.18, Change: +2.46, Percent Change: +3.63
7/29/14, 7:23
06:23 AM EDT, 07/29/2014 (MT Newswires) -- Spirit Airlines (SAVE) has reported Q2 earnings per share and revenues that beat the Street view, driven by growth in flight volume, higher load factors, and higher operating yields.
Adjusted EPS of $0.91 was up from $0.63 in Q2 2013 and beat analyst estimates of $0.90. Total operating revenue was $499.3 million, up from $407.33 million in Q2 2013 and surpassing analyst projections of $498.74 million.
"While growing our capacity 17.2% year over year, we grew our top line 22.6% year over year," said Ben Baldanza, Spirit's Chief Executive Officer. "Our efforts to drive operational excellence have produced material improvements in controllable components of our cost structure which contributed to the 3.5 percentage point year-over-year increase in our Adjusted Operating Margin."
Shares of SAVE are up $2.46, or 3.63%, at $70.18 in early pre-market trading within a range of $29.65 - $68.95.
Price: 70.18, Change: +2.46, Percent Change: +3.63
#7613
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Joined: Dec 2009
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From: Airplane
Shares are down on the earnings, probably from the earnings call. I didn't get to hear it, but my guess is, analysts were probably looking for more capacity and revenues were influenced by airfare increases. Just my quick, initial look at things.
I've still to read the transcript.
I've still to read the transcript.
#7614
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Joined: Jun 2008
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It seems the stock always goes down the day the quarterly result is out then goes back up.
#7615
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Good but not quite as profitable as the legacies scaled for size. Hopefully we have some room to raise ticket prices to add revenue.
#7616
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i don't know if thats correct, I thought that this company had a pretty high profit margin, scaled for its size they had impressive profits, and there is (according to the share holders call today) room to tweak ticket prices.
#7617
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You could be right. I'm just ballparking. It'd be interesting to see profit per seat mile if anyone knows where to find that. With Ual making $900m and AA making $1.2b and spirit at $64m, I don't know that they are 14 and 18 times spirits size in terms of seat miles.
#7618
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You could be right. I'm just ballparking. It'd be interesting to see profit per seat mile if anyone knows where to find that. With Ual making $900m and AA making $1.2b and spirit at $64m, I don't know that they are 14 and 18 times spirits size in terms of seat miles.
Three months ended June 30
Operating revenue per ASM (RASM) (cents)
2014. 2013. Change
12.46 11.91 4.6%
Hope it helps
#7619
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Joined: Jul 2011
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You could be right. I'm just ballparking. It'd be interesting to see profit per seat mile if anyone knows where to find that. With Ual making $900m and AA making $1.2b and spirit at $64m, I don't know that they are 14 and 18 times spirits size in terms of seat miles.
Spirit May 2014 ASM was 1.1 billion.
#7620
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There you have it. Spirit is more profitable.
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