Boosted by higher fare and ancillary revenue, Fort Lauderdale-based Spirit Airlines posted a fourth-quarter (4Q) net profit of $92 million and saw revenue increase for the period, despite higher fuel and personnel costs. The ultra-LCC’s 4Q net profit was down 62.8% compared to its 4Q 2017 $247 million net profit, which included a one-time, non-cash tax credit as a result of US tax reform legislation. Similarly, full-year net income declined 62.5% year-over-year (YOY) to $156 million, ...

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