Spirit Airlines Inc. on Friday reported second-quarter earnings of $76.7 million.
The Miramar, Florida-based company said it had profit of $1.05 per share. Earnings, adjusted for non-recurring gains, came to $1.03 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The airline posted revenue of $553.4 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $553.3 million.
Spirit shares have fallen 19 percent since the beginning of the year. The stock has dropped roughly 2 percent in the last 12 months.