In a bid to expand further, Spirit Airlines, Inc. (SAVE - Free Report) stated that it will operate daily year-round flights connecting Raleigh-Durham International Airport (RDU) to Baltimore/Washington. The flights will operate twice a day.
The low-cost carrier has also decided to launch daily non-stop flights, connecting RDU to Boston, Chicago, Detroit, Fort Lauderdale, New Orleans and Orlando. The eight flights are likely to be operational from May 2, 2019. Spirit Airlines currently serves Piedmont Triad and Asheville in North Carolina.
The flights, once operational, will boost connectivity in Research Triangle community as well as provide opportunity for customers to explore popular tourist destinations in Caribbean as well as Latin America. In fact, the carrier operates more than 600 daily flights across 72 destinations in the United States, Latin America and the Caribbean.
Moreover, to strengthen the Caribbean and domestic foothold, the carrier has decided to operate seasonal daily flights between Atlanta and Denver. The flights are likely to be effective from May 2, 2019 till Sep 4, 2019. In yet another move, the company has decided to launch daily nonstop flights, likely to be operational from May 23, 2019, connecting Philadelphia to San Juan at Puerto Rico.
We note that Spirit Airlines is constantly making efforts to expand services. To this end, the carrier recently initiated daily nonstop flights connecting Fort Lauderdale-Hollywood International Airport (FLL) to Alfonso Bonilla Aragón International Airport (CLO) at Cali in Columbia. Further, the carrier announced decision to commence daily non-stop flights connecting Jacksonville International Airport (JAX) to Chicago O’Hare International Airport (ORD) and Detroit Metro Airport (DTW). Additionally, Spirit Airlines has unveiled plans to add Indianapolis, Indiana, Texas and Austin to its network as well as introduce new routes to and from Myrtle Beach, SC.
Shares of the company have performed impressively in a year’s time. The stock has rallied 30.5%, against the industry’s decline of 26.3%.
Zacks Rank & Other Stocks to Consider
Spirit Airlines currently sports a Zacks Rank #1 (Strong Buy).
Investors interested in the broader Transportation Sector may consider Azul S.A. (AZUL - Free Report) , KNOT Offshore Partners LP (KNOP - Free Report) and Expeditors International of Washington, Inc. (EXPD - Free Report) , each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Azul have surged 60.7% in the past six months. Meanwhile, Knot Offshore and Expeditors boast an impressive earnings history. Knot Offshore outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average being 33.5%. Expeditors outpaced the consensus estimate in each of the trailing four quarters with an average beat of 12.2%.
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