Spirit Airlines Inc. (SAVE) on Tuesday reported third-quarter earnings of $97.1 million.
On a per-share basis, the Miramar, Florida-based company said it had profit of $1.35.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The airline posted revenue of $574.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $572.3 million.
Spirit shares have decreased 50 percent since the beginning of the year. The stock has dropped 41 percent in the last 12 months.
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