Fort Lauderdale, Fla.-based ultra-low-cost carrier (LCC) Spirit Airlines posted its eighth consecutive year of profitability in 2014, with net income of $225.5 million, up 27.4% over 2013’s net profit of $176.9 million. Spirit’s 2014 operating revenue grew 16.8% year-over-year to $1.93 billion as expenses increased 14.9% year-over-year (YOY) to $1.58 billion, resulting in an operating profit of $355.3 million, up 25.8% YOY. Spirit’s full-year passenger traffic grew 18% YOY ...

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