Spirit reports strong Q2 results and continued profitability

Florida-based Spirit Airlines has posted a Q2 net profit of $64.8 million, up 54.2% year-on-year from $42.1 million net income during Q2 2013. Spirit has recorded ongoing profitability with its Q1 $37.7 million net profit, which was a 23.4% improvement over 2013’s first-quarter. Spirit also reported a record Q2 adjusted net income of $66.5 million, up 45.2% year-on-year compared with the company’s adjusted net income of $45.8 million in the Q2 2013. Spirit CEO Ben Baldanza said: “[We] delivered another strong quarter. Our efforts have produced material improvements in the controllable components of our cost structure which contributed to the