LONDON, UK / ACCESSWIRE / April 16, 2018 / Active-Investors.com has just released a free research report on Spirit Airlines, Inc. (NYSE: SAVE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SAVE as the Company's latest news hit the wire. On April 12, 2018, the Company announced that it is starting 13 new nationwide routes as from the same day to celebrate its ‘It's Go Season!' campaign. Besides, the American ultra-low-cost carrier is also distributing free flight vouchers to anywhere it flies. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Spirit Airlines most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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About the ‘It's Go Season!'
It is summer time and summer getaway is in the horizon for most travelers. Spirit Airlines is celebrating this time of the year with its ‘It's Go Season!' program. The Company is starting 13 new routes and offering flight vouchers to celebrate the summer-time travel. Mark Kopczak, Spirit Airlines' Vice President of Network Planning, believes that their guests will gain from lower fares and more non-stop flights to more places.
In the past few years, the airline has expanded its services and improved on its operational performance. As per a recent report from the US Department of Transportation, Spirit Airlines is among the top carriers for on-time performance.
Thirteen New Nationwide Routes
Spirit Airlines' new routes started rolling out from April 12, 2018. These comprised expanded non-stop service to and from Seattle-Tacoma International Airport (SEA), Tampa International Airport (TPA), Orlando International Airport (MCO), and Detroit Metropolitan Airport (DTW). With these, Spirit Airlines' guests will get the same ultra-low bare fares that they love, giving them additional utility from their getaways.
Moreover, the expansion also includes direct seasonal service from Seattle to four new destinations, namely Fort Lauderdale, Chicago, Dallas, and Minneapolis. Besides, one of Spirit Airline's new routes connects the Tampa Bay area (Florida) to the entertainment hubs of Las Vegas and Los Angeles. There is also a direct service connecting Detroit to the sandy beaches of San Diego and the wooded beauty of Portland, Oregon.
Contest for Winning Flight Vouchers
Apart from the new routes, Spirit Airlines has launched a contest for guests to win free flight vouchers. The contest started on April 12, 2018, on the Company's website, SpiritGoSeason.com. Six lucky winners in the contest will win two round-trip vouchers to anywhere the commercial airline flies.
Spirit Airline's Expansion in the Caribbean
Additionally, on April 12, 2018, Spirit Airlines also announced a new flight that will connect Fort Lauderdale-Hollywood International Airport to Cap-Haïtien International Airport in Haiti's second largest city. This new flight marks the second destination for Spirit Arlines in Haiti, which complements its existing service to Port-au-Prince, the capital.
The airline also announced that the low fare flights to St. Maarten's Princess Juliana International Airport will resume from May 05, 2018, as the post-hurricane recovery continues and tourism opportunities grow. Furthermore, Spirit Airlines will also connect South Florida to St. Croix's Henry E. Rohlsen Airport, starting May 24, 2018. The Company also launched daily service from Fort Lauderdale to Norman Manley International Airport in Kingston, Jamaica.
These initiatives highlight Spirit Airlines' commitment towards making air travel more affordable in the Caribbean.
Stock Performance Snapshot
April 13, 2018 - At Friday's closing bell, Spirit Airlines' stock marginally declined 0.39%, ending the trading session at $36.15.
Volume traded for the day: 695.60 thousand shares.
Stock performance in the previous six-month period – up 4.33%
After last Friday's close, Spirit Airlines' market cap was at $2.48 billion.
Price to Earnings (P/E) ratio was at 4.05.
The stock is part of the Services sector, categorized under the Major Airlines industry.
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