Ft. Lauderdale, Fla.-based low-cost carrier (LCC) Spirit Airlines (NK) more than doubled a $16.9 million net profit in the 2011 June quarter with $34.6 million in net income for this year’s second quarter.
Spirit Airlines A320. Courtesy, NK Ft. Lauderdale, Fla.-based low-cost carrier (LCC) Spirit Airlines (NK) more than doubled a $16.9 million net profit in the 2011 June quarter with $34.6 million in net income for this year’s second quarter. The fast-growing airline increased second-quarter revenue by 25.5% to $346.3 million while expenses rose 20.9% to $291.2 million, producing an operating profit of $55.1 million, up 57.7% year-over-year. Quarterly traffic heightened 16.8% to ...
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