Spirit 1Q net profit down 10%; scraps A319 retirement plans
Credit: Rob Finlayson
Florida-based ultra low-cost carrier (ULCC) Spirit Airlines reported a first-quarter net profit of $61.9 million, down 10.1% from net income of $69 million in the 2015 March quarter, as the airline continues to make adjustments under a new CEO . Spirit’s first-quarter operating revenue rose 9.1%...
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