For the fourth quarter 2022, Spirit Airlines (Spirit) reported a net loss of US$270.7 million, excluding special items. Adjusted net income for the fourth quarter 2022 was US$12.6 million.
Spirit reported a pre-tax loss of US$340.3 million and a pre-tax margin of negative 24.5%. Adjusted pre-tax income for the fourth quarter was US$23.0 million and adjusted pre-tax margin was 1.7%.
For the fourth quarter 2022, the company’s load factor was 81.0%, DOT on-time performance was 73.2% and completion factor was 97.0%.
Total operating revenues for the fourth quarter 2022 were US$1.4 billion, an increase of 43.5% compared to the fourth quarter 2019 primarily due to increased flight volume and stronger operating yields. Total revenue per ASM (TRASM) was 10.81 cents, up 17.0% percent compared to fourth-quarter 2019 on 22.7% more capacity.