Spirit Airls Inc Stock Price, News & Analysis

Spirit Airlines (NYSE: SAVE) announced the launch of two daily nonstop flights from Monterrey International Airport (MTY) to George Bush Intercontinental Airport (IAH) and Austin-Bergstrom International Airport (AUS), commencing in June 2022. This expansion follows Spirit's earlier entries into the Mexican market, starting with Cancun in 2003. The new service aims to enhance connectivity between major cities and support affordable travel options for families and friends. Spirit's Vice President John Kirby emphasized the airline's commitment to affordable travel.

Spirit Airlines (NYSE: SAVE) has launched daily nonstop flights from Mercedita International Airport (PSE) in Ponce, Puerto Rico, to Orlando (MCO), expanding its route network in Puerto Rico. This service adds Ponce as its third destination on the island, enhancing travel options between Puerto Rico and Florida. The introductory fare for this route starts at $79 one-way until May 4, 2022. This expansion reflects Spirit's commitment to the region and aims to boost tourism and economic ties. The airline continuously invests in improving guest experience and has plans for new aircraft delivery in 2022.

Spirit Airlines (NYSE: SAVE) has earned the FAA's "Aviation Maintenance Technician Diamond Award of Excellence" for the fourth consecutive year, recognizing its commitment to aviation safety. This prestigious award is granted to companies where 100% of technicians complete additional FAA-developed training. Executive Vice President John Bendoraitis emphasized that safety is Spirit's top priority, reflecting the team's dedication to maintaining a high-performance Fit Fleet. The AMT Awards program, initiated by the FAA in 1991, aims to encourage ongoing training among aviation maintenance technicians.

Spirit Airlines (NYSE: SAVE) is expanding its network with nine nonstop routes to Myrtle Beach, SC, enhancing accessibility to the Grand Strand's beaches. This launch includes five new destinations and the resumption of flights from four others, starting April 20, 2022. Notable routes include Manchester and Niagara Falls, along with Indianapolis, Minneapolis, Houston, Louisville, Milwaukee, and St. Louis, with all services expected ahead of Memorial Day weekend. Spirit aims to solidify its position as the leading carrier to Myrtle Beach, responding to increased travel demand for leisure destinations.

Spirit Airlines (NYSE: SAVE) has announced the launch of nonstop flights from Frederick Douglass Greater Rochester International Airport (ROC) to Orlando and Myrtle Beach, effective June 24, 2022. This addition marks the only daily nonstop service from Rochester to Orlando, a top destination for travelers, and the only nonstop service to Myrtle Beach. Spirit's new routes aim to enhance travel convenience for Rochester residents, providing affordable options to popular vacation destinations.

Spirit Airlines (SAVE) reported its fourth quarter 2021 financial results, showing total operating revenues of $987.6 million, a 1.8% increase from Q4 2019. Adjusted EBITDA stood at $14.9 million, with an EBITDA margin of 1.5%, surpassing expectations despite challenges from Omicron-related disruptions costing approximately $30 million. The company ended 2021 with $1.7 billion in liquidity. A definitive merger agreement with Frontier Airlines aims to enhance ultra-low fares across the U.S., Latin America, and the Caribbean, benefiting consumers and shareholders.

Spirit Airlines (NYSE: SAVE) announces its inaugural service to Salt Lake City International Airport (SLC) starting May 26, 2022. The new routes will provide daily, nonstop flights to Las Vegas, Los Angeles, and Orlando. This expansion marks Spirit's first entry into Utah, enhancing traveler options and competition in the local market. The announcement follows the completion of a $4.5 billion airport renovation, aimed at improving guest experiences. Spirit's continued fleet investment highlights their commitment to efficiency and customer satisfaction.

Spirit Airlines (NYSE: SAVE) has appointed Linde Grindle as Chief Human Resources Officer (CHRO), effective immediately. Grindle, who reports to President and CEO Ted Christie, will focus on enhancing talent acquisition and employee engagement. With over 20 years of experience, she previously served at Optum, where she improved talent acquisition processes. The company aims to double its fleet size in the next five years, positioning Grindle as a key leader in this expansion effort.

Spirit Airlines (NYSE: SAVE) is expanding its services to Memphis, launching three daily nonstop routes to Las Vegas and Orlando starting April 20, 2022, and to Los Angeles from June 8, 2022. This marks Spirit's second airport in Tennessee, following Nashville. Vice President John Kirby highlighted the need for more affordable flight options for travelers in Western Tennessee. The expansion reflects Spirit's commitment to low-cost travel and its robust recovery from the pandemic.