Fort Lauderdale-based ultra-LCC Spirit Airlines returned to profitability in the second quarter of 2018, posting an $11.3 million net profit on top of a 21.6% rise in revenue. While Spirit’s 2Q net result is a fraction of what the carrier reported a year ago ($77.2 million net profit in 2Q 2017), it is nonetheless a rebound from the $45 million net loss the company reported in the 2018 March quarter. “Despite materially higher fuel prices, our second-quarter results exceeded our ...

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