Florida-based LCC Spirit Airlines reported a 2019 first-quarter net income of $56.1 million, reversed from a net loss of $44.9 million in the year-ago quarter. First-quarter operating expenses were up 3.4% to $768 million. Revenue for the quarter was up 21.5% year-over-year (YOY) to $855.8 million, because of an increase in flight volume, passenger yields and load factor. While the result was roughly in line with analysts’ expectations, shares in the carrier plunged 10% on April 25 ...

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