Santi319 From Mexico, joined Dec 2005, 441 posts, RR: 0 Posted (4 years 4 months 5 days 5 hours ago) and read 6032 times:
Quote: For 2010, we had total operating revenues of $781.3 million, operating income of $68.9 million and net income of $72.5 million ($19.7 million excluding the release of the valuation allowance on our deferred tax assets and related tax benefit).
Quote: For the three months ended March 31, 2011, we had total operating revenues of $232.7 million, operating income of $26.8 million and net income of $7.9 million. We currently serve 46 airports.
Summa767 From United Kingdom, joined Mar 2004, 2645 posts, RR: 5
Reply 2, posted (4 years 4 months 5 days 5 hours ago) and read 5946 times:
Quoting Santi319 (Thread starter): Will this make Spirit the most profitable airline in the United States?? Considering they only have 35 planes...
No... It's good that they are making a profit, but the operating profit $68.9 million for 2010 and $26.8 million for Q12011 is not exactly wild.
The figure of $781m that you quote is total revenue, and not profit, which is what's left when the operating expenses are taken out.
Still, good for them to have a black bottom line.
0NEWAIR0 From United States of America, joined May 2007, 939 posts, RR: 0
Reply 4, posted (4 years 4 months 5 days 5 hours ago) and read 5881 times:
Quoting enilria (Reply 3): He confused revenue and profit. It needs to be fixed.
Oh... just before I posted that 232.7 number in the title was something like 237 or 234...so I was thrown way off. Now I see that he was confusing revenues and profits with the "corrected" 232.7 number.
"The future belongs to those who believe in the beauty of their dreams."
LAXintl From United States of America, joined May 2000, 27463 posts, RR: 50
Reply 7, posted (4 years 4 months 5 days 4 hours ago) and read 5519 times:
Carrier had a $26.8mil operating profit in the quarter but took a $4.1mil hedging settlement loss and $14.3mil in interest charge payment to its private equity owners lowering its net income to $7.9mil net profit in Q1 on $232.7mil revenues.
Spirit ended the quarter with $62.6mil in cash and equivalents.
I noticed Spirit generates an impressive average of $42.62 in non-ticket revenue per passenger.
From the desert to the sea, to all of Southern California
slcdeltarumd11 From United States of America, joined Jan 2004, 4124 posts, RR: 0
Reply 14, posted (4 years 4 months 4 days 18 hours ago) and read 3755 times:
Its still impressive. I think ACY makes them some legitimate cash and has proven itself. South America must also be doing well. Now lets see how they do on LAX-LAS as time goes by. They really might end up doing well on this route