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Spirit Starts Additional Services From Charlotte & Las Vegas

Zacks Equity Research

With the onset of summer, Spirit Airlines, Inc. SAVE has begun daily nonstop service from Charlotte, NC to Baltimore/Washington, Fort Lauderdale, Orlando and Newark. These year-round services will offer better connectivity across the United States, Caribbean and Latin America.

Charlotte complements the carrier’s other services to Piedmont Triad, Asheville and Raleigh-Durham in the Tar Heel State. By the end of this season, Spirit’s daily departure in the state is anticipated to be more than 15.

Apart from service to Charlotte Douglas International Airport, the carrier has extended its footprint in the West Coast area with a service to Burbank and Sacramento. These nonstop flights to and from Las Vegas will operate thrice daily.

Spirit Airlines, Inc. Price


Spirit Airlines, Inc. Price

Spirit Airlines, Inc. price | Spirit Airlines, Inc. Quote

In order to further expand in Las Vegas, the low-cost carrier will soon be adding daily nonstop flights to Nashville. By this July, Spirit is likely to have a strong presence in Las Vegas compared with what it was two years back.

Additionally, the carrier has partnered with McCarran International Airport to debut the first automated self-service bag drop system. The system offers smoother customer experience by allowing travelers to speed up their check-in process.

Zacks Rank & Key Picks

Spirit carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the  broader Transportation sector are Air China Ltd. AIRYY, SkyWest, Inc. SKYW and GATX Corporation GATX. While Air China sports a Zacks Rank #1 (Strong Buy), SkyWest and GATX carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Air China and SkyWest have rallied more than 19% and 33%, respectively, so far this year. Meanwhile, GATX boasts an encouraging earnings history, having trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 16%.

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