Spirit 3Q Net Profit Up 9.7%; ULCC Gears Up For Major Expansion In 2015

Spirit Airlines posted a third-quarter net income of $67 million, up 9.7% over its $61.1 million net profit in the prior-year period, and is confident it will lower unit costs in 2015 even as it grows capacity significantly. The Florida-based “ultra” low-cost carrier (ULCC) will increase capacity by...

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