We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Spirit Boosts Global Network, Adds Flights From New Orleans
Read MoreHide Full Article
In a bid to expand its international footprint, Spirit Airlines (SAVE - Free Report) announced that it will include more flights from the Louis Armstrong New Orleans International Airport to two international destinations, namely, Cancun, Mexico and San Pedro Sula, Honduras. While flights connecting New Orleans and Cancun will be operational from Jun 10, 2020 onward, services on the New Orleans-Honduras route will start the following day.
As Cancun is a famous tourist site with multiple beaches and resorts, the company’s decision to incorporate extra flights to this Mexican city is indeed a prudent move. Flights on the New Orleans-Cancun route, which will operate on Mondays, Wednesdays, Fridays and Saturdays with connecting options on the other three days, are anticipated to attract significant traffic, thereby boosting Spirit Airlines’ top line. Spirit Airlines’ focus on expanding its service at Cancun can be gauged from the fact that New Orleans is the sixth city to have flights to this Mexican location this year itself.
Further, as New Orleans boasts a significant Honduran population in the United States, the carrier’s decision to add flights on the New Orleans-San Pedro Sula, Honduras route should receive a warm response from the citizens as it broadens their travel options. Notably, flights on this route will operate on Tuesdays, Thursdays and Sundays with connecting options available on the remaining days of the week.
Apart from the above-mentioned international routes, Spirit Airlines intends to operate twice daily on the New Orleans-Orlando route effective Apr 22. Currently, the carrier operates once a week on the route.
The above initiatives by Spirit Airlines to fortify its presence in New Orleans where it is currently the third-largest carrier (in terms of available seat miles) are commendable. Notably, the airline’s contribution to growth in passenger count at the Louis Armstrong New Orleans International Airport has been substantial. As an evidence, it attracted 1.7 million passengers to the airport through its operations in 2019, reflecting a 20% year-over-year increase.
Shares of Azul, Frontline and Costamare have rallied 3.6%, 23% and 22.9%, respectively, in a year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Spirit Boosts Global Network, Adds Flights From New Orleans
In a bid to expand its international footprint, Spirit Airlines (SAVE - Free Report) announced that it will include more flights from the Louis Armstrong New Orleans International Airport to two international destinations, namely, Cancun, Mexico and San Pedro Sula, Honduras. While flights connecting New Orleans and Cancun will be operational from Jun 10, 2020 onward, services on the New Orleans-Honduras route will start the following day.
As Cancun is a famous tourist site with multiple beaches and resorts, the company’s decision to incorporate extra flights to this Mexican city is indeed a prudent move. Flights on the New Orleans-Cancun route, which will operate on Mondays, Wednesdays, Fridays and Saturdays with connecting options on the other three days, are anticipated to attract significant traffic, thereby boosting Spirit Airlines’ top line. Spirit Airlines’ focus on expanding its service at Cancun can be gauged from the fact that New Orleans is the sixth city to have flights to this Mexican location this year itself.
Further, as New Orleans boasts a significant Honduran population in the United States, the carrier’s decision to add flights on the New Orleans-San Pedro Sula, Honduras route should receive a warm response from the citizens as it broadens their travel options. Notably, flights on this route will operate on Tuesdays, Thursdays and Sundays with connecting options available on the remaining days of the week.
Apart from the above-mentioned international routes, Spirit Airlines intends to operate twice daily on the New Orleans-Orlando route effective Apr 22. Currently, the carrier operates once a week on the route.
The above initiatives by Spirit Airlines to fortify its presence in New Orleans where it is currently the third-largest carrier (in terms of available seat miles) are commendable. Notably, the airline’s contribution to growth in passenger count at the Louis Armstrong New Orleans International Airport has been substantial. As an evidence, it attracted 1.7 million passengers to the airport through its operations in 2019, reflecting a 20% year-over-year increase.
Zacks Rank & Other Key Picks
Spirit Airlines carries a Zacks Rank #2 (Buy). Investors interested in the Zacks Transportation sector may also consider some other top-ranked stocks like Azul S.A (AZUL - Free Report) , Frontline Ltd. (FRO - Free Report) and Costamare Inc. (CMRE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Azul, Frontline and Costamare have rallied 3.6%, 23% and 22.9%, respectively, in a year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>