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Spirit Airlines Reports Fourth Quarter and Full Year 2020 Results
Spirit Airlines, Inc.February 10, 2021 GMT
MIRAMAR, Fla., Feb. 10, 2021 (GLOBE NEWSWIRE) Spirit Airlines, Inc. (NYSE: SAVE) today reported fourth quarter and full year 2020 financial results.
Ended the year 2020 with $1.9 billion of unrestricted cash, cash equivalents
and short-term investment securities
$(1.61)
$1.24
“Soft demand driven by pandemic-related concerns continues to have a significant impact on our operating results. However, our leading low-cost structure remains a key advantage and positions us well to compete in this environment and beyond. Our load factor and Adjusted EBITDA margin for the fourth quarter 2020 are among the best in the industry, illustrating the strength of our business model,” said Ted Christie, Spirit’s President and Chief Executive Officer. “While the road to recovery is