Spirit Airlines reports a third quarter net profit of $28.6 million

Spirit Airlines (Fort Lauderdale/Hollywood) reported net income for the third quarter was $28.6 million, or $0.39 per diluted share, excluding $1.5 million ($0.9 million net of tax) of unrealized fuel hedge losses and special items. GAAP net income was $27.7 million, or $0.38 per diluted share.

Spirit ended the quarter with $351 million in total cash and cash equivalents.

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Copyright Photo: Brian McDonough.