Spirit Airlines reports fourth quarter and full year 2017 results

Spirit Airlines net income for the fourth quarter 2017 was $250.3 million, which included a one-time non-cash $199.3 million tax credit. Excluding the one-time tax credit and special items, net income for the fourth quarter 2017 was $50.4 million. Spirit’s total operating revenue was $667.0 million, an increase of 15.3 percent compared to the fourth quarter 2016, driven by a 10.4 percent increase in flight volume. Total revenue per available seat mile (TRASM) for the fourth quarter 2017 decreased 1.8 percent compared to the same period last year, driven by a 2.2 percent decrease in operating yields. On a per