Spirit Airlines posts $56.1 million 1Q profit, lowers 2Q guidance

Credit: Rob Finlayson
Florida-based LCC Spirit Airlines reported a 2019 first-quarter net income of $56.1 million, reversed from a net loss of $44.9 million in the year-ago quarter.First-quarter operating expenses were up 3.4% to $768 million. Revenue for the quarter was up 21.5% year-over-year (YOY) to $855.8 million...

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