Spirit Airlines’ first-quarter profit slips to $62 million

Spirit Airlines posted a smaller profit in the first quarter from a year ago as it faced increased pricing competition in most of its markets, the carrier reported Tuesday.

The Miramar-based low-cost carrier posted net income of $61.9 million, or 86 cents per share, a 10.3 percent decline from $69 million, or 94 cents per share, in the same period in 2015.

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This story was originally published April 26, 2016 at 6:11 PM with the headline "Spirit Airlines’ first-quarter profit slips to $62 million."