Spirit Airlines reports 3Q GAAP net income increased 44.9% to $97.1 million

Spirit Airlines, Inc. (Fort Lauderdale/Hollywood) today reported third quarter 2015 financial results.

• Adjusted net income for the third quarter 2015 increased 31.6 percent to $97.3 million ($1.35 per diluted share) compared to the third quarter 20141. GAAP net income for the third quarter 2015 increased 44.9 percent year over year to $97.1 million ($1.35 per diluted share).
• Adjusted pre-tax margin for the third quarter 2015 increased 560 basis points to 26.9 percent. On a GAAP basis, pre-tax margin for the third quarter 2015 increased 760 basis points to 26.9 percent.
• Spirit ended the third quarter 2015 with unrestricted cash and cash equivalents of $748.9 million.
• Spirit’s return on invested capital (before taxes and excluding special items) for the twelve months ended September 30, 2015 was 28.8 percent2.