Spirit Airlines president and CEO Ben Baldanza has been replaced by former AirTran Airways CEO Bob Fornaro, effective immediately. Baldanza had led Spirit since 2006, overseeing the Ft. Lauderdale, Florida-based airline’s transformation into a rapidly growing and consistently profitable ultra low-cost carrier. The airline maintained profitability as it grew capacity by 30% in 2015, but its revenue performance was sluggish throughout the year as major US airlines began aggressively ...

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