Spirit Airlines, Inc. (SAVE) Tops Q1 EPS by 1c

Spirit Airlines, Inc. (NASDAQ: SAVE) reported Q1 EPS of $0.52, $0.01 better than the analyst estimate of $0.51. Revenue for the quarter came in at $438 million versus the consensus estimate of $437.91 million.

Total revenue per available seat mile ("RASM") for the first quarter 2014 was 11.57 cents, a decrease of 2.4 percent compared to the first quarter 2013. Average stage length for the first quarter 2014 increased 6.3 percent year over year, contributing an estimated 3.0 percentage point decline in RASM. In the first quarter 2014, RASM was further impacted by an estimated 1.5 percentage points due to the calendar shift of Easter occurring in April this year compared to in March last year.

Passenger flight segment ("PFS") volume for the first quarter 2014 grew 17.9 percent year over year, and the Company's load factor for the first quarter 2014 increased 1.8 points year over year. Total revenue per PFS for the first quarter 2014 increased 0.3 percent year over year to $134.20.

For earnings history and earnings-related data on Spirit Airlines, Inc. (SAVE) click here.

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