Spirit Airlines, Inc. (SAVE - Free Report) has announced two international destinations from Houston’s George Bush Intercontinental Airport.
The low-cost carrier will begin a year-round service to San Salvador, El Salvador from Houston. The route is subject to a government approval. It is expected to be operational on Sep 6, 2018 with thrice weekly flights. The other international route, leading to Guatemala City, Guatemala, will start the next day. Government approval for the same is also pending. Although this year-round service will operate thrice weekly initially, from Nov 8 onward, it will be increased to four times a week.
Spirit already serves the international destinations of Cancun, San Jose del Cabo and San Pedro Sula from Houston.
In another recent expansion initiative this June, the carrier announced new services from Piedmont Triad International Airport to Fort Lauderdale-Hollywood International Airport, Orlando International Airport and Tampa International Airport. All services are scheduled to begin from Sep 6, 2018 onward, except the Piedmont Triad-Orlando flight, which is expected to start the following day.
These successive expansion efforts highlight the carrier’s commitment to grow its network.
Zacks Rank & Key Picks
Spirit carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are GATX Corporation (GATX - Free Report) , China Southern Airlines Company Limited (ZNH - Free Report) and Expeditors International of Washington, Inc. (EXPD - Free Report) . While GATX and China Southern Airlines carry a Zacks Rank #2 (Buy), Expeditors sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of GATX, China Southern Airlines and Expeditors have gained more than 9%, 5% and 29%, respectively, in a year.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>