Spirit Airlines To Boost Caribbean Base Through New Flights

Spirit Airlines, Inc. (NYSE:SAVE) has announced a new service to St. Croix in order to meet growing demand for air travel in the Caribbean island.

The airline will initiate a nonstop service from Fort Lauderdale-Hollywood International Airport to St. Croix’s Henry E. Rohlsen Airport starting May 24, 2018. Flights will be available thrice a week on Tuesday, Thursday and Sunday.

The carrier has been making continuous efforts to resume operations in the U.S. Virgin Islands, post destructions caused by consecutive hurricanes of 2017. This new service will therefore be an important step into that direction.

Spirit Airlines has also announced other measures to boost its Caribbean service. For example, Apr 12 onward, this low-cost carrier will begin a summer service to Kingston, Jamaica and a nonstop flight to Cap Haitien, Haiti. Further, the carrier will once again commence its Saturday service to St. Maarten effective May 5. This apart, the airline will offer flights from Detroit to Portland and San Diego, slated to be introduced on Apr 23.

Zacks Rank & Key Picks

Spirit Airlines carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are Deutsche Lufthansa (DE:LHAG) AG (OTC:DLAKY) , Air France-KLM SA (OTC:AFLYY) and Delta Air Lines, Inc. (NYSE:DAL) . While Deutsche Lufthansa sports a Zacks Rank #1 (Strong Buy), Air France-KLM and Delta Air Lines carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

While shares of Deutsche Lufthansa and Air France-KLM have surged more than 100% and 75%, respectively, in a year, the Delta Air Lines stock has rallied more than 11% in the last six months.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>