Spirit Airlines' second quarter 2014 adjusted net income increases 45.2%

Spirit Airlines reported adjusted net income for the second quarter 2014 increased 45.2% to $66.5m compared to $45.8m the second quarter 2013. GAAP net income for the second quarter 2014 was $64.8m compared to $42.1m in the second quarter 2013. For the second quarter 2014, Spirit achieved an adjusted pre-tax margin of 21.3% compared to 17.8% over the same period in 2013. On a GAAP basis, pre-tax margin for the second quarter 2014 was 20.8% compared to 16.4% in the second quarter 2013. Spirit ended the second quarter 2014 with $567.2m in unrestricted cash.

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