Spirit Airlines (SAVE) Initiates Flight Services To Cali

Spirit Airlines, Inc. (NYSE:SAVE) launched non-stop flights, connecting Fort Lauderdale-Hollywood International Airport (FLL) to Alfonso Bonilla Aragón International Airport (CLO) at Cali in Columbia. The flights, operational since Dec 20, operate on a daily basis. Aided by strong demand in this route, the new flights are anticipated to draw substantial traffic and in turn, boost the carrier’s passenger revenues.

Apart from boosting connectivity with South Florida, this non-stop service to Cali also provides an opportunity for its citizens to explore more destinations in the United States. In fact, Spirit Airlines currently serves the Colombian cities of Cartagena, Bogotá, Medellín and Armenia along with this recently initiated service to Cali.

In addition to the latest service, the carrier sponsored an event at the Deportivo Cali Stadium for the young soccer players and provided 300 soccer balls in a bid to encourage the young players to attain their athletic goals.

We note that Spirit Airlines is constantly making efforts to expand services. To this end, the carrier recently initiated daily non-stop service connecting Jacksonville International Airport (JAX) to Chicago O’Hare International Airport (ORD) and Detroit Metro Airport (DTW). Further, the carrier announced its decision to commence daily nonstop flights, connecting Jacksonville to Baltimore/Washington International Airport (BWI) and Fort Lauderdale-Hollywood International Airport. These flights are likely to be effective from Feb 14, 2019. Moreover, Spirit Airlines recently unveiled plans to add Indianapolis, Indiana and Austin to its network as well as introduce new routes to and from Myrtle Beach, SC.

Zacks Rank & Other Stocks to Consider

Spirit Airlines currently flaunts a Zacks Rank #1 (Strong Buy).

Investors interested in the Zacks Transportation sector may consider other top-ranked stocks, including Azul S.A. (NYSE:AZUL) , Air France-KLM SA (OTC:AFLYY) and International Consolidated Airlines Group (LON:ICAG), S.A. (OTC:ICAGY) , each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Azul and Air France have gained 49.7% and 19.7% in the past six months, respectively. Meanwhile, International Consolidated Airlines stock boasts an impressive earnings history, having outpaced the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 92.9%.

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