Spirit Airlines announces record third quarter

During the third quarter of 2014, Spirit Airlines reported adjusted net income increased 27.6% to $73.9 million ($1.01 per diluted share) compared to $57.9 million ($0.79 per diluted share) for the third quarter 20131. GAAP net income for the third quarter 2014 was $67.0 million ($0.91 per diluted share) compared to $61.1 million ($0.84 per diluted share) in the third quarter 2013. For the third quarter 2014, Spirit delivered a record adjusted pre-tax margin of 21.3% compared to 20.3% over the same period in 20131. On a GAAP basis, pre-tax margin for the third quarter 2014 was 19.3% compared to