Spirit posts $265 million 2016 net profit; cites ‘aggressive’ competition
Credit: Rob Finlayson
Florida-based ultra-low-cost carrier Spirit Airlines reported 2016 net profit of $264.9 million, down 16.5% from net income of $317.2 million in 2015. Excluding full-year special charges of $37.2 million related to aircraft lease termination costs, Spirit’s 2106 net income totaled $291 million, down...
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