Spirit Airlines Reports First Quarter 2016

For the first quarter 2016, Spirit’s total operating revenue was $538.1 million, an increase of 9.1 percent compared to the first quarter 2015, driven by an increase in flight volume, partially offset by a decrease in operating yields. “I want to thank our Spirit team members for their contributions in achieving these solid first quarter results.  The pricing environment remains very competitive, but we aren’t just sitting passively by.  We have upgraded our pricing systems, made modest revisions to our schedules, and adjusted our approach to inventory management, all of which have produced improvements to our revenue results,” said Bob