Florida-based ultra-low-cost carrier Spirit Airlines reported $81.4 million net income for the 2016 third quarter, down 16.2% year-over-year (YOY) from  a $97.1 million net profit in 3Q 2015. Excluding special items, which in 3Q 2016 were primarily related to lease termination costs, Spirit’s adjusted net income for the 2016 third quarter was $86.3 million. Spirit’s third-quarter revenue increased 8.1% YOY to $621.3 million, as expenses grew 16.4% YOY to $486.1 million, ...

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