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Spirit Buoys Connectivity With Additional Puerto Rico Flights
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In a bid to meet the surge in air-travel demand during the holiday season, Spirit Airlines has (SAVE - Free Report) introduced daily non-stop flights connecting Puerto Rico, San Juan's Luis Muñoz Marín International airport Boston Logan International airport and Newark Liberty International airport.
Moreover, the carrier will launch a second non-stop connecting Newark and the Puerto Rican capital from Feb 1, 2020. As part of the expansion plan, Sprit Airlines also intends to start operating flights connecting San Juan and three other U.S. destinations next year.
Specifically, flights connecting the Orlando and San Juan will take to the skies from Feb 21, 2020. Similarly, flights on the San Juan- Philadelphia and San Juan- Baltimore start from Mar 1 and May 21, respectively. Notably, Spirit Airlines already operates multiple flights to Puerto Rico.
Spirit Airlines’ decision to expand its presence in San Juan seems prudent, as the city is one of the most attractive tourist spots. The carrier is being aided by robust passenger revenues on the back of strong demand for air travel. Passenger revenues, accounting for bulk of the top line, increased 26.7% in 2018. Continuing with this trend, the same increased 16.3% year over year in the first nine months of 2019. The additional flight package to and from San Juan is likely to bump up the carrier’s passenger revenues further.
Zacks Rank & Key Picks
Spirit Airlines carries a Zacks Rank #3 (Hold), at present. Some better-ranked airline stocks are Allegiant Travel Company (ALGT - Free Report) , Ryanair Holdings (RYAAY) and Deutsche Lufthansa Aktiengesellschaft (DLAKY - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Allegiant, Ryanair and Deutsche Lufthansa have rallied more than 31%, 41% and 10%, respectively, over the past six months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Spirit Buoys Connectivity With Additional Puerto Rico Flights
In a bid to meet the surge in air-travel demand during the holiday season, Spirit Airlines has (SAVE - Free Report) introduced daily non-stop flights connecting Puerto Rico, San Juan's Luis Muñoz Marín International airport Boston Logan International airport and Newark Liberty International airport.
Moreover, the carrier will launch a second non-stop connecting Newark and the Puerto Rican capital from Feb 1, 2020. As part of the expansion plan, Sprit Airlines also intends to start operating flights connecting San Juan and three other U.S. destinations next year.
Spirit Airlines, Inc. Price
Spirit Airlines, Inc. price | Spirit Airlines, Inc. Quote
Specifically, flights connecting the Orlando and San Juan will take to the skies from Feb 21, 2020. Similarly, flights on the San Juan- Philadelphia and San Juan- Baltimore start from Mar 1 and May 21, respectively. Notably, Spirit Airlines already operates multiple flights to Puerto Rico.
Spirit Airlines’ decision to expand its presence in San Juan seems prudent, as the city is one of the most attractive tourist spots. The carrier is being aided by robust passenger revenues on the back of strong demand for air travel. Passenger revenues, accounting for bulk of the top line, increased 26.7% in 2018. Continuing with this trend, the same increased 16.3% year over year in the first nine months of 2019. The additional flight package to and from San Juan is likely to bump up the carrier’s passenger revenues further.
Zacks Rank & Key Picks
Spirit Airlines carries a Zacks Rank #3 (Hold), at present. Some better-ranked airline stocks are Allegiant Travel Company (ALGT - Free Report) , Ryanair Holdings (RYAAY) and Deutsche Lufthansa Aktiengesellschaft (DLAKY - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Allegiant, Ryanair and Deutsche Lufthansa have rallied more than 31%, 41% and 10%, respectively, over the past six months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>