The list describes the nine nonstop routes that were inaugurated in April, 2013. The company may take significant market share from American Airlines, since Dallas/Fort Worth International Airport is its largest hub. Furthermore, the company is positioned to take market share from US Airways Group Inc (NYSE:LCC) because Philadelphia International Airport is the company’s third major hub. In addition, market share from United Continental Holdings may migrate towards Spirit Airways since the company inaugurated a route from the International Airport of Houston to Los Angeles International Airport. Spirit Airways is scheduled to begin flying from IAH to Denver and Detroit, which could significantly impact United Continental’s operations on these routes.
Tthe indicator of company growth may be observed in the hiring of new workers, and Spirit Airways is hosting open houses for new flight attendant jobs in Chicago. The company plans to open a new base at Chicago O’Hare International Airport, which will be home to over 140 crewmembers, including pilots, flight attendants, and mechanics. This gesture indicates that the company is confident that its revenue-generation ability will increase in the interim.
The bottom line
Spirit Airlines Incorporated (NASDAQ:SAVE) should have a bright future, and its share price should soar to higher altitudes. According to the last earnings report, the company may be taking market share that belonged to major carriers such as Delta Air Lines and United Continental Holdings. What’s more is that the company is expanding through the operation of new nonstop routes from major hubs such as DFW and IAH. Furthermore, the company’s hiring of new flight attendants shows that it is confident in its growth ability in the interim. Due to these aggressive growth strategies, I believe Spirit Airlines should be considered as a long position.
The article Will Spirit Airlines Fly Higher? originally appeared on Fool.com and is written by Robinson Roacho.
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