Spirit Airlines (SAVE) Tops Q4 EPS by 6c

Spirit Airlines (NYSE: SAVE) reported Q4 EPS of ($2.48), $0.06 better than the analyst estimate of ($2.54). Revenue for the quarter came in at $461.3 million versus the consensus estimate of $459.1 million.

• "We were very pleased to see how well both our domestic and international network performed as demand strengthened in the last few weeks of the quarter. This strength, along with improvement in forward bookings, drove positive cash from operations for the full first quarter 2021 even when excluding the payroll support program funds received. Assuming these trends continue, we believe we can achieve a positive Adjusted EBITDA margin for the full year 2021," said Ted Christie, Spirit's President and Chief Executive Officer. "While acknowledging that the recovery is still in progress and may not be linear, we continue to believe we will be among the first U.S. carriers to reach sustained profitability."

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