Spirit: 4Q Earnings Snapshot

MIRAMAR, Fla. (AP) _ Spirit Airlines Inc. (SAVE) on Wednesday reported a fourth-quarter loss of $157.3 million, after reporting a profit in the same period a year earlier.

The Miramar, Florida-based company said it had a loss of $1.61 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.44 per share.

The airline posted revenue of $498.5 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $521.8 million.

For the year, the company reported a loss of $428.7 million, or $5.06 per share, swinging to a loss in the period. Revenue was reported as $1.81 billion.

Spirit shares have increased 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.68, a fall of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAVE at https://www.zacks.com/ap/SAVE