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Feb 6 (Reuters) – Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, fueled by strong demand for air travel despite ongoing economic concerns.

Shares of Spirit rose over 7% to $21 in aftermarket trade.

U.S.airlines have been trying to cash in on strong demand for air travel, undeterred by rising interest rates and e}V a looming recession, as pandemic restrictions ease.

“Leisure demand has remained strong,” said Spirit’s chief executive Ted Christie.

However, adverse weather, t worker shortages and vD technical glitches have snarled operations over the past year.

Spirit earned $0.12 per share on an adjusted basis, vD above analyst estimates of $0. If you treasured this article so you would like to acquire more info with regards to vD i implore you to visit our own webpage. 04 per share, according to Refinitiv data.

The Miramar, Florida-based airline’s total operating revenue in the quarter rose nearly 41% to $1.39 billion, compared with analysts’ estimates of $1.38 billion. (Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri)