Florida-based ultra low-cost carrier Spirit Airlines reported 2016 second-quarter net income of $73.1 million, down 4.7% from a $76.7 million profit in the year-ago period. The airline said that continued competitive pressure made the end of the second quarter challenging. Revenue for the second quarter rose 5.5% to $584.1 million while expenses increased 7.2% to $462 million, producing an operating profit of $121.8 million, almost flat from an operating profit of $122 million in the ...

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