For the first quarter 2013, Spirit Airlines’ adjusted net income was $32.8m. GAAP net income was $30.6m. For the first quarter 2013, Spirit achieved an operating margin, excluding special items, of 14.4%. Operating margin on a GAAP basis was 13.4% for the first quarter 2013. Spirit ended the first quarter 2013 with $483.5m in unrestricted cash. Total operating revenue was $370.4m, an increase of 22.9%, compared to first quarter 2012. Total revenue per available seat mile (“RASM”) for the first quarter 2013 was 11.85 cents, an increase of 1.7 percent compared to the first quarter 2012 driven by strength in operating yields. The calendar shift of Easter occurring in March this year compared to April in 2012 contributed to the strong first quarter 2013 results.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada