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Spirit Airlines Adds Two New California Routes to Las Vegas

June 20, 2019 /
  • Partners with Airport to Debut First Self Bag Drop System

MIRAMAR, Fla., June 20, 2019 (GLOBE NEWSWIRE) — Spirit Airlines, the fastest growing airline in Las Vegas, continues its investment in the Entertainment Capital of the World with the addition of two new cities to the Spirit network: Burbank and Sacramento. On June 20, Spirit launched nonstop flights between McCarran International Airport (LAS) in Las Vegas and Hollywood Burbank Airport (BUR) and Sacramento International Airport (SMF), each running three times daily. Spirit will now have 55 daily departures from Las Vegas to 29 different destinations.

In partnership with McCarran International Airport, Spirit Airlines also debuted the airport’s first automated self-service bag drop system. Located in the ticketing concourse of Terminal 1, it allows Guests to expedite their check-in experience by paying for and tagging their own bags on the airport’s kiosks. Travelers then proceed directly to newly installed automated bag belts to present their identification and drop their bags. Automated self-service bag drop systems, widely adopted in Europe, highlight the airport and airline’s shared vision of allowing more Guests to customize and control their travel experience.

“We are pleased to partner with Spirit Airlines as we pilot this new automated self-service bag drop system at McCarran International Airport,” said Director of Aviation Rosemary Vassiliadis. “As a 100 percent common-use airport, we have a long history of introducing new, customer-focused technologies geared toward enhancing the passenger experience. We look forward to this rollout with Spirit and to expanding this service to more areas of our operation in the near future.”

“Our growth and investment in Las Vegas has been an ongoing mission for Spirit Airlines,” said Mike Byrom, Spirit Airlines’ Vice President of Airport Services. “Our partnership with McCarran International Airport to install the first automated self-service bag drop system in Las Vegas is a clear message that we are thinking about every facet of our Guest experience with innovative and forward-thinking solutions to elevate our service.”

In addition to Sacramento and Burbank, Spirit will soon be adding Nashville to its network, which will include nonstop service to and from Las Vegas. As of July 2019, Spirit will have grown nearly 50 percent in Las Vegas compared to its capacity only two years earlier. The airline now employs more than 1,000 people in Las Vegas, and Spirit’s rapid expansion has created nearly 300 additional jobs in the last two years.

“We’re delighted by the growth of direct service to Las Vegas by our partners at Spirit Airlines,” said Chris Meyer, Vice President of Global Sales for the Las Vegas Convention and Visitors Authority. “In the past year, Spirit has added direct service from five new markets, conveniently and affordably connecting both business and leisure travelers to our destination. Whether you’re visiting for work or play, Vegas changes everything by taking every experience to a new level, and we’re thrilled about the opportunity to continually reach more travelers across the country.”

VIDEO B-ROLL: https://youtu.be/eLchQp1X5wg

About Spirit Airlines:

Spirit Airlines (SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments — something we call À La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We operate more than 600 daily flights to 76 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities we serve. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.

Spirit Airlines Bringing its Low Fares to Nashville

June 5, 2019 /

MIRAMAR, Fla., June 03, 2019 (GLOBE NEWSWIRE) — Are you ready for some live music and hot chicken? Spirit Airlines is bringing its low fares and signature service to Nashville, Tennessee. Beginning October 10, 2019, Spirit (NYSE: SAVE) will begin nonstop daily service from Nashville International Airport (BNA) to Baltimore/Washington, Fort Lauderdale, New Orleans, Las Vegas and Orlando. The airline will also add nonstop service to Tampa on November 5. The six routes will operate year-round and create dozens of connections to some of Spirit’s most popular destinations, throughout the U.S., Caribbean and Latin America.

Spirit Airlines is starting service to/from Nashville, TN (BNA) to Baltimore, MD/Washington, DC (BWI), Fort Lauderdale, FL (FLL), New Orleans, LA (MSY), Las Vegas, NV (LAS), Orlando, FL (MCO) and Tampa, FL (TPA).

“Spirit Airlines is excited to announce service to Music City,” said Ted Christie, Spirit Airlines’ President and Chief Executive Officer. “Nashville is one of the fastest growing cities in the country and has a lot to offer. From the best live entertainment and family-friendly attractions to a robust food and craft beer scene, there is something for everyone. We’re equally excited to bring our new Nashville-area Guests to great destinations throughout the U.S., Latin America, and the Caribbean.”

“Today’s announcement is exactly why Nashville International Airport is focused on expanding and renovating our facilities, so we can continue to attract new air carriers and provide additional routes for travelers to and from Middle Tennessee,” said Doug Kreulen, Nashville International Airport’s President and Chief Executive Officer. “We appreciate Spirit Airlines’ investment and confidence in our community, and we look forward to a successful collaboration as we grow our airport and generate economic activity for our region.”

“Spirit Airlines marks the 15th airline carrier operating at Nashville International Airport,” said Dr. A. Dexter Samuels, Nashville International Airport’s Board Chair. “The addition of new airlines and more air service creates competition in various markets and helps keep air fares affordable for our passengers. It’s a dynamic that well serves both the business and leisure traveler and underscores our strategic direction at BNA. On behalf of the BNA Board of Commissioners, welcome to Nashville.”

Nashville, TN (BNA) to/from:  Starts:Frequency:
Baltimore, MD/Washington, DC (BWI)October 10, 2019Daily, year-round
Fort Lauderdale, FL (FLL)October 10, 2019Daily, year-round
New Orleans, LA (MSY)October 10, 2019Daily, year-round
Las Vegas, NV (LAS)October 10, 2019Daily, year-round
Orlando, FL (MCO)October 10, 2019Daily, year-round
Tampa, FL (TPA)November 5, 2019Daily, year-round

The announcement will add to Spirit’s growing network, as the value carrier recently announced it would be launching service in Burbank, Sacramento, and Charlotte on June 20. While expanding its network, the airline is also focused on investing in the Guest experience and delivering the best value in the sky.

Announcement video can be used for publication via YouTube: https://youtu.be/DbyFM6xtN0E

About Spirit Airlines:
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments — something we call À La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We operate more than 600 daily flights to 76 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities we serve. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.

WestJet To Be Taken Private In C$3.5 Billion Cash Deal

May 13, 2019 /

(Reuters) – Canada’s WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal for C$3.53 billion ($2.63 billion).

Including debt, the deal is valued at about C$5 billion.

As part of the deal, WestJet shareholders will receive C$31 for each share held, representing an about 67% premium to its closing price on Friday.

The investment will be led by Onex Partners, Onex’s private equity platform focused on larger investment opportunities and WestJet’s board has recommended that its shareholders vote in favor of the deal.

The private equity fund has a history of investing in aerospace, having previously held a major stake in Boeing supplier Spirit Aerosystems.

The deal is expected to close in the latter part of this year or early next year, the company said.

CIBC Capital Markets and B of A Merrill Lynch were the financial advisers to WestJet, while Barclays, Morgan Stanley and RBC Capital Markets advised Onex.

(Reporting by Debroop Roy in Bengaluru; Editing by Arun Koyyur)

Spirit Airlines Starts Serving the Research Triangle

May 2, 2019 /

MIRAMAR, Fla., May 02, 2019 (GLOBE NEWSWIRE) — The savings and signature service has arrived in the Research Triangle!  Today Spirit Airlines officially began service to and from Raleigh-Durham International Airport (RDU). The airline’s signature yellow Airbus jets will now connect RDU to Baltimore/Washington, DC, Boston, Detroit, Fort Lauderdale, New Orleans, Chicago, and Orlando with nonstop flights. The new routes also create dozens of connections to other Spirit destinations in the United States, as well as the Caribbean and Latin America. Raleigh-Durham is Spirit’s third destination in the Tar Heel State, joining the Piedmont Triad and Asheville and will soon be joined by Charlotte on June 20.

“The time has finally arrived for us to begin serving the Research Triangle, and we are ready to do just that,” said Ted Christie, Spirit Airlines’ president and CEO. “With eight daily flights to some of our biggest destinations, and connections to many more, we believe our service and value will resonate in the Raleigh-Durham region. In less than a year, Spirit has gone from no footprint in the state to serving four destinations by June 20, and I want to thank North Carolinians for embracing us.”

“We are happy to welcome Spirit Airlines as the newest carrier connecting the Research Triangle community to the world,” said Michael Landguth, president and CEO of the Raleigh-Durham Airport Authority. “Spirit’s low fares and suite of nonstop destinations will add to the world-class airport experience business and leisure travelers expect from RDU.”

Raleigh-Durham, NC (RDU)Starts:Frequency:
Baltimore, MD/Washington, DC (BWI)May 2, 20192x daily, year-round
Boston, MA (BOS)May 2, 2019Daily, year-round
Detroit, MI (DTW)May 2, 2019Daily, year-round
Orlando, FL (MCO)May 2, 2019Daily, year-round
Fort Lauderdale, FL (FLL)May 2, 2019Daily, year-round
New Orleans, LA (MSY)May 2, 2019Daily, year-round
Chicago, IL (ORD)May 2, 2019Daily, year-round

Beyond next month’s launch in Charlotte, the airline will also be expanding on the West Coast, adding Burbank and Sacramento to its network.  All three new cities will launch on June 20. Spirit’s growing route network comes with ongoing investments into its guest experience. The airline continues to rank among the top in on-time arrivals, baggage handling, and is in the process of installing high-speed Wi-Fi to its entire fleet.

About Spirit Airlines:
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky while providing an extraordinary Guest experience. We are the leader in providing customizable travel options starting with an unbundled fare.  This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments – something we call À La Smarte. We make it possible for our Guests to venture farther, travel more often, and discover more than ever before. Our Fit Fleet™ is one of the youngest and most fuel-efficient in the U.S.  We operate more than 600 daily flights to 75 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities we serve. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.

Contact:
Derek Dombrowski
(305) 916-6065
derek.dombrowski@spirit.com
Spirit.png

Source: Spirit Airlines, Inc.

Boeing Supplier Spirit AeroSystems Suspends Outlook

May 1, 2019 /

(Reuters) – Boeing Co’s largest supplier Spirit AeroSystems Holdings Inc reported strong first-quarter results on Wednesday, while following the planemaker in suspending its full-year outlook in the face of the global grounding of 737 MAX jets.

The crisis with Boeing’s most popular aircraft has thrown into doubt orders for a raft of parts makers who have been investing heavily to meet record-breaking demand from the world’s biggest planemaker over the past two years.

Spirit, which makes fuselage, structural engine components and wing parts for the MAX, did a deal with Boeing last month to stick to its current parts delivery schedules for now, and its profits in the first quarter were up 30 percent, according to Wednesday’s quarterly results.

Boeing however has announced cutbacks in its monthly production of MAX jets to 42 from 52 and while it says it is nearing certification for a software fix for the jet, airlines are assuming the planes will not be back in the air before August.

Spirit said with the uncertainty around MAX production it could not stand by its previous full-year outlook which had factored production for MAX jets rising to 57 units per month in June.

“As we now expect to remain at 52 aircraft per month for some period of time, (prior) guidance does not reflect our current outlook,” Spirit Chief Executive Officer Tom Gentile said, adding he was waiting for more clarity from Boeing on MAX’s return to service.

MAX’s other major supplier General Electric Co, which makes engines with Safran SA of France, on Tuesday stuck to its full-year forecasts, while highlighting risk due to MAX’s reduced production.

Another MAX supplier United Technologies Corp last month included an up to 10 cents per share impact in its full-year profit outlook from the groundings of the jet, assuming Boeing produced at 42 aircraft per month for the rest of the year.

Spirit, whose shares are down about 10 percent since the fatal crash of the Ethiopian Airlines’ jet on March 10, rose as much as 3.5 percent to $89.96 in morning trade.

“Given that (Spirit’s) shares have already notably sold off, we think much of this … has been discounted into the price,” Vertical Research Partners Krishna Sinha said.

The company said it has taken actions including deferring capital investments and pausing hiring and share repurchases to mitigate the financial impact of the MAX production change.

On an adjusted basis, Spirit earned $1.68 per share, beating analysts’ average estimate of $1.64 per share, according to IBES data from Refinitiv.

Total revenue rose 13.4 percent to $1.97 billion (£1.51 billion), beating estimates of $1.93 billion.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

Boeing Delivers Record 806 Aircraft in 2018

January 8, 2019 /

(Reuters) – Boeing Co (BA.N) delivered a record 806 aircraft in 2018 as it overcame supplier woes, retaining the title of the world’s biggest planemaker for the seventh straight year.

The company’s shares rose as much as 3.9 percent to $340.90 and were the biggest percentage gainer on the Dow Jones Industrial Average (.DJI).

European rival Airbus SE (AIR.PA), which will report its numbers on Wednesday and lags behind Boeing due to engine delays, said it achieved its 800-jet target pending final audit.

“Overall, Boeing is taking market share from its main competitor Airbus and is well positioned with strong commercial and military demand,” said CFRA Research analyst Jim Corridore, who upgraded the stock to “strong buy” from “buy”.

Investors and analysts closely watch the number of planes Boeing turns over to airlines and leasing firms for hints on the company’s cashflow and revenue.

The latest numbers indicate that fuselage and engine delays at suppliers in 2018 are largely behind Boeing as it gears up to meet surging demand for airplanes in 2019 amid booming air travel.

“In addition to the ongoing demand for the 737 MAX, we saw strong sales for every one of our twin-aisle airplanes,” said Ihssane Mounir, senior vice president of commercial sales and marketing.

To mitigate supply chain snarls, Boeing helped expand production capacity at suppliers who have hired workers, including retirees this year.

In October, its biggest supplier Spirit AeroSystems Holdings Inc (SPR.N) said it was back on track to meet the surging demand for its aircraft parts.

CFM International, co-owned by France’s Safran (SAF.PA) and General Electric Co (GE.N), also affirmed in the same month its commitment to deliver 1,100 to 1,200 units despite being roughly four weeks behind schedule.

ORDER BOOM

Boeing also looked set to beat Airbus for aircraft orders on a like-for-like basis in 2018 after booking 893 net orders, excluding cancellations in the year.

Meanwhile, Airbus ended November with 380 net orders, to which it has since added confirmed deals for another 220 aircraft.

According to industry sources, it won another 150 from Asian-backed leasing companies that are yet to be announced, with Boeing also getting a lift from Chinese demand.

The Airbus tally, however, included 120 of the former Bombardier CSeries, a Canadian plane programme which it bought last year.

Orders for Boeing and Airbus are seen down compared to 2017 as airlines fret over trade tensions and the slowing global economic growth. But deliveries at both rose on the back of an earlier order boom.

“69 December 737 deliveries suggest (supplier) bottlenecks easing. Solid December book-to-bill closes year at 1.1x and helps mitigate cycle concerns,” Credit Suisse analyst Robert Spingarn said in a client note.

(Reporting by Ankit Ajmera in Bengaluru and Tim Hepher in Paris; Editing by Saumyadeb Chakrabarty and Arun Koyyur)

Image from http://www.boeing.com

Embraer Pitches New E2 Regional Jet for Alaska Air

August 28, 2018 /

Alaska Air Group would be an ideal buyer and operator of Embraer’s new E2 regional jet, the Brazilian jet maker’s top airplane salesman said.

Embraer Commercial Aircraft’s vice president of marketing, rodrigo Silva e Souza, made the remarks as he spoke to reporters at Embraer’s facility at Fort Lauderdale-Hollywood International Airport.

Click the link below for the full story!

Embraer Pitches New E2 Regional Jet

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