Spirit 1Q net profit down 48%, but touts operational improvement

Credit: Rob Finlayson
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...

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