Ultra low-cost carrier (ULCC) Spirit Airlines reported a first-quarter net profit of $31.9 million, down 48.4% from net income of $61.9 million in the prior-year period, but the Fort Lauderdale-based airline believes it is on the upswing. The aggressive price matching of major US airlines has led the airline to focus more on improving operating performance and on managing its fares more thoughtfully, CEO Bob Fornaro told analysts. “We still have very low fares, but it’s no ...

Subscribe to Access this Entire Article

"Spirit 1Q net profit down 48%, but touts operational improvement" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.