Spirit Airlines: No frills for flyers, but thrills for investors

Spirit Airlines new CEO Ted Christie takes the helm on a high-note for the discount carrier that had long been known for poor customer service and late arrivals. The airline has made strides in improving customer service and ensuring its planes arrive on time and its shares are bucking the trend among slumping U.S. airline stocks. Christie tells CNBC he intends to keep up the momentum and that the airline is ready for a potential recession.