- Spirit Airlines press release ( NYSE: SAVE ): Q4 Non-GAAP EPS of $0.12 beats by $0.09 .
- Revenue of $1.39B (+40.7% Y/Y) in-line.
- Total operating revenues for the fourth quarter 2022 were $1.4 billion, an increase of 43.5 percent 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 percent more capacity.
- For the fourth quarter 2022, the Company's load factor was 81.0 percent, DOT on-time performance was 73.2 percent and Completion Factor was 97.0 percent.
- On a per passenger flight segment basis, compared to the same period in 2019, total revenue per passenger flight segment ("segment") for the fourth quarter 2022 increased 22.5 percent to $135.62.
- Compared to the fourth quarter 2019, fare revenue per segment increased 22.1 percent to $64.31 and non-ticket revenue per segment increased 22.9 percent to $71.31.
- Non-ticket revenue per segment increased sequentially from the third quarter 2022 by $4.24, driven by strong take rates for ancillaries combined with the benefit from revenue management initiatives.
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Spirit Airlines Non-GAAP EPS of $0.12 beats by $0.09, revenue of $1.39B in-line