Spirit Airlines' profit falls on Superstorm Sandy impact
Skift Take
Superstorm Sandy and growing pains impacted Spirit's bottom line during the fourth quarter. However, whether you like the airline's business model or not from a consumer perspective, it is proving to be successful.
Spirit Airlines saw its net income dive 18.4% to $19.5 million as Superstorm Sandy took a $25 million bite out of revenue, the airline reported.
The bottom line was also impacted by fuel-cost and capacity increases.
Operating revenue for t
