For the fourth quarter 2018, Spirit Airlines’ total operating revenue was $862.8 million, an increase of 29.5% compared to the fourth quarter 2017. Net income was $91.9 million. Total operating revenue per available seat mile (TRASM) increased 11.4% compared to the same period last year. Cost increased 26.4% year over year to $726.7 million, driven by increases in salaries, wages and benefits, fuel rates, and depreciation and amortization. Aircraft fuel expense increased in the fourth quarter 2018 by 31.1% year over year. The airline credited the quarterly results as benefitting from its improved yield management processes, non-ticket revenue initiatives, strategic

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