Spirit Airlines, Inc. (Fort Lauderdale/Hollywood) today reported first quarter 2012 financial results.
- Net income for the first quarter 2012 was $23.8 million, or $0.33 per diluted share, excluding special items. GAAP net income was $23.4 million, or $0.32 per diluted share.
- For the first quarter of 2012, the Company achieved an operating margin, excluding special items, of 12.6 percent, up 1.3 points year over year despite a 14.5 percent increase in the average economic fuel cost per gallon compared to the same period last year. Operating margin on a GAAP basis was 12.4 percent for the first quarter of 2012.
- EBITDAR for the first quarter 2012 was $73.6 million resulting in an EBITDAR margin of 24.4 percent, excluding special items.
- Spirit ended the first quarter 2012 with $420.8 million in unrestricted cash.
Spirit took delivery of three Airbus A320s in the first quarter, ending the quarter with 40 aircraft in its fleet. Spirit expects to take delivery of four additional A320s before year-end 2012.
Copyright Photo: Brian McDonough.
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Spirit has lately been growing:
- Recently added/announced new service between (service start date):
- Dallas/Fort Worth and Atlanta (2/9/12)
- Dallas/Fort Worth and Orlando (2/9/12)
- Dallas/Fort Worth and New York LaGuardia (2/9/12)
- Phoenix-Mesa and Las Vegas (2/9/12)
- Phoenix-Mesa and Dallas/Fort Worth (3/22/12)
- Dallas/Fort Worth and Boston (3/22/12)
- Denver and Chicago (5/3/12)
- Denver and Dallas/Fort Worth (5/3/12)
- Denver and Fort Lauderdale (5/3/12)
- Denver and Las Vegas (5/3/12)
- Dallas/Fort Worth and Myrtle Beach (5/3/12)
- Dallas/Fort Worth and Tampa (5/4/12)
- Atlantic City and Atlanta (5/17/12)
- Latrobe/Pittsburgh and Orlando (5/17/12)
- Minneapolis-St. Paul and Chicago (5/31/12)
- Minneapolis-St. Paul and Las Vegas (5/31/12)
- Dallas/Fort Worth and Toluca/Mexico City (6/21/12)
- Dallas/Fort Worth and Detroit (6/21/12)
- Dallas/Fort Worth and San Diego (6/21/12)
- Dallas/Fort Worth and Portland, Oregon (6/21/12)