Spirit Airlines earned net income of $69 million in the first quarter, up 83% over a net profit of $37.7 million in the 2014 March quarter, as it grew capacity aggressively. Spirit’s capacity rose 25% year-over-year in the first quarter and is set to grow 32% in the second quarter, 30% for the full year and 20%-22% in 2016. “We feel really good about the rest of the year,” CEO Ben Baldanza told analysts. “We feel good about the growth.” He conceded that the ...

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