Spirit Airlines Inc (SAVE)

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About

Spirit Airlines, Inc. is an airline company. The Company provides air transportation for passengers. As of December 31, 2016, its all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America. As of December 31, 2016, it had a fleet of 95 Airbus single-aisle aircraft, which are referred to as A320 family aircraft and include the A319, A320 and A321 models, which have common design and equipment but differ most notably in fuselage length, service range and seat capacity. As of December 31, 2016, its fleet consisted of 29 A319s, 45 A320ceos, five A320neos and 16 A321ceos. Its Bare Fares offerings are unbundled base fares that remove components included in the price of an airline ticket. It also offers Frill Control, which allows customers to pay only for the options they choose, such as bags, advance seat assignments and refreshments. As of December 31, 2016, its route network included 200 markets served by 59 airports.

https://www.spirit.com/

Spirit Airlines, Inc. is a low-cost airline from Florida, specializing in flights to North and South America and the Caribbean islands. The company was founded in 1980 under the name Character One, but already in the early 1990s, jet aircraft appeared in its fleet, allowing it to open new directions. After this, the name was changed to Spirit Airlines.

Its flight network now includes more than 80 destinations, and its fleet consists of 178 Airbus aircraft, making the company the largest low-cost airline in North America. At the end of 2021, it also became one of three US airlines included in the prestigious Fortune 500 list.

IPO

Spirit Airlines had its initial public offering in May 2011. They were listed on the NYSE under the ticker symbol SAVE. The share price peaked in 2014 - the price was USD 85.35.

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