Spirit
Spirit Airlines is the ultra-low cost airlines of the Americas and Home of the Bare Fare. The airlines is committed to offer the lowest total price to the places it fly, on average much lower than other airlines. Its customers start with an unbundled, stripped-down Bare Fare and get Frill Control which allows them to pay only for the options they choose – like bags, seat assignments and refreshments –the things other airlines bake right into their ticket prices.
Spirit airlines second quarter 2015 results were strong as the quarter saw rise in operating income, net income and diluted earnings per share.
“Our second quarter 2015 performance was negatively impacted by an unusual number of storms and in addition to unusual …show more content…
Spirit’s total operating revenue for the quarter increased 10.8% to $553.4 million from $499.3 million for the second quarter, 2014, driven by increase in flight volume, partially offset by decrease in operating …show more content…
Its PEG ratio is 0.70, showing that the company will be paying less for its future growth earnings. Its current ratio decreased to 1.65 from 1.72 for the same quarter per year, showing a rise in its level of debt. But the company’s level of debt is comparable with the airline industry’s norm. Also, the company has enough liquid assets to satisfy the current obligations.
Spirit Airlines Tackling the Competition…
Spirit Airlines has announced daily, non-stop service to and from Louis Armstrong New Orleans International and McCarran International Airport in Las Vegas. So people in the Big Easy can now get big savings while getting their Vegas on.
Looking ahead, Spirit Airlines has also started offering convenient nonstop service that makes traveling between Atlanta and Los Angeles more affordable than ever. As part of planned growth in these cities, Spirit will also start new service from Atlanta to/from Boston and Fort Myers. Spirit will also offer nonstop service from Los Angeles to/from Oakland.
Spirit Airlines is the ultra-low cost airlines of the Americas and Home of the Bare Fare. The airlines is committed to offer the lowest total price to the places it fly, on average much lower than other airlines. Its customers start with an unbundled, stripped-down Bare Fare and get Frill Control which allows them to pay only for the options they choose – like bags, seat assignments and refreshments –the things other airlines bake right into their ticket prices.
Spirit airlines second quarter 2015 results were strong as the quarter saw rise in operating income, net income and diluted earnings per share.
“Our second quarter 2015 performance was negatively impacted by an unusual number of storms and in addition to unusual …show more content…
Spirit’s total operating revenue for the quarter increased 10.8% to $553.4 million from $499.3 million for the second quarter, 2014, driven by increase in flight volume, partially offset by decrease in operating …show more content…
Its PEG ratio is 0.70, showing that the company will be paying less for its future growth earnings. Its current ratio decreased to 1.65 from 1.72 for the same quarter per year, showing a rise in its level of debt. But the company’s level of debt is comparable with the airline industry’s norm. Also, the company has enough liquid assets to satisfy the current obligations.
Spirit Airlines Tackling the Competition…
Spirit Airlines has announced daily, non-stop service to and from Louis Armstrong New Orleans International and McCarran International Airport in Las Vegas. So people in the Big Easy can now get big savings while getting their Vegas on.
Looking ahead, Spirit Airlines has also started offering convenient nonstop service that makes traveling between Atlanta and Los Angeles more affordable than ever. As part of planned growth in these cities, Spirit will also start new service from Atlanta to/from Boston and Fort Myers. Spirit will also offer nonstop service from Los Angeles to/from Oakland.