Spirit Airlines announces record third quarter 2014 results

For the third quarter 2014, Spirit’s adjusted net income increased 27.6% to $73.9m compared to $57.9m for the third quarter 20131. GAAP net income for the third quarter 2014 was $67.0m compared to $61.10m 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 2013. On a GAAP basis, pre-tax margin for the third quarter 2014 was 19.3% compared to 21.4% in the third quarter 2013. Spirit ended the third quarter 2014 with $588.5m in unrestricted cash.