Ultra-LCC Spirit Airlines reported second-quarter net income of $114.5 million, a nearly tenfold increase over an $11.3 million net profit in the year-ago period, driven by strong demand and ancillary revenue growth. The Fort Lauderdale-based airline saw quarterly operating revenue of $1 billion, up 19% from $852 million a year ago. Of that, nearly half—$479 million—was non-ticket revenue, which rose 21% year-over-year (YOY). “Our non-ticket revenue is the highest in the ...

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