MIRAMAR, Fla. (AP) — MIRAMAR, Fla. (AP) — Spirit Airlines Inc. (SAVE) on Monday reported a loss of $142.6 million in its first quarter.
On a per-share basis, the Miramar, Florida-based company said it had a loss of $1.30. Losses, adjusted for non-recurring gains, were $1.46 per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of $1.43 per share.
The airline posted revenue of $1.27 billion in the period, which met Street forecasts.
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