Spirit Airlines reports third quarter adjusted net income of $25.2m

Spirit Airlines reported third quarter 2012 financial results. Net income, excluding special items, for the third quarter 2012 was $25.2m, GAAP net income for the third quarter 2012 was $30.9m. Operating margin, excluding special items, for the third quarter of 2012 was 11.8%. Operating margin on a GAAP basis was 14.5% for the third quarter of 2012. Adjusted EBITDAR for the third quarter 2012 was $81.8m, resulting in an Adjusted EBITDAR margin of 23.9%. Spirit ended the third quarter 2012 with $399.1m in unrestricted cash.