Spirit Airlines Incorporated Earnings: Pilot Problems Undermine Profit Growth

On Thursday morning, Spirit Airlines (NASDAQ: SAVE) posted a modest increase in earnings per share for the second quarter, boosted by the timing of the busy Easter travel period.

That said, earnings could have been much higher had Spirit Airlines not suffered a spike in flight cancellations in early May, related to a dispute between management and many of Spirit's pilots. Looking ahead, Spirit Airlines hopes to quickly put this unfortunate incident behind it. Doing so will require finalizing a new contract that gives pilots much-deserved raises.

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Source: Fool.com