WINDFALL FOR SPIRIT AIRLINES

Dino D'Amore
By Dino D'Amore July 29, 2011 12:03

WINDFALL FOR SPIRIT AIRLINES

After cutting fares when the FAA stopped collecting taxes, Spirit Airlines bookings’ growth had increased by 43% between Saturday and Tuesday, compared with a 23% gain in the first three weeks of the month.

Spirit chief executive Ben Baldanza said: “Our view is that the tax money is the consumer’s money. Spirit never had that money.”

Spirit posted a $16.9 million profit in the three months to June 30, reversing a year-ago loss of $10.1 million. Shares in the airline were up 5.7% at $13.35 following its debut report as a public company in May at $11.50.

Baldanza made no comment on plans to launch services to Cuba.

Dino D'Amore
By Dino D'Amore July 29, 2011 12:03
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