Showing posts with label Spirit. Show all posts
Showing posts with label Spirit. Show all posts

Tuesday, 17 December 2013

Delta dedicates new Boeing 737-900ER as 'Spirit of Seattle'

Dec 5, 2013

ATLANTA, Dec. 5, 2013 /PRNewswire/ -- In celebration of its 80th anniversary of service and growing presence in Seattle, Delta Air Lines (NYSE: DAL) today unveiled at Boeing Field a new Boeing 737-900ER aircraft as the 'Spirit of Seattle,' dedicated to the city of Seattle and the airline's customers, employees and partners in the region.

(Logo: http://photos.prnewswire.com/prnh/20090202/DELTALOGO)

The dedication took place in a ceremony at Boeing Field, the same location that Delta began service in Seattle on Dec. 3, 1933, through Northwest Airways, which eventually became Northwest Airlines. The inaugural flight was flown from Spokane to Seattle and back to Spokane on a Waco JTO biplane carrying no passengers. Initial passenger service was a Tacoma-Seattle-Wenatchee-Spokane route using 7-passenger, 120-mph Hamilton H47 Metalplanes.

Today, Delta operates 35 peak-day departures to 15 destinations from its growing gateway in Seattle, including non-stop international service to Amsterdam, Paris, Tokyo-Narita, Tokyo-Haneda, Shanghai and Beijing. Additional international service is planned in 2014 to London-Heathrow as well as Hong Kong and Seoul, pending government approval. Delta will also expand Seattle service to Anchorage, Alaska; Las Vegas; Los Angeles; Portland, Ore.; San Diego; and San Francisco and also recently announced new service to Fairbanks, Alaska, and Vancouver, Canada, beginning in the summer of 2014.

"For 80 years, our customers, employees and partners in Seattle have embraced Delta, and our growth here would not be possible without them," said Mike Medeiros, Delta's vice president – Seattle. "The Spirit of Seattle aircraft will proudly bear its name as it travels around the country as a representation of Delta's history in Seattle and a sign of our thanks and commitment to our future here."

More than 100 Delta Chairman's Club honorees attended the dedication event along with local employees and corporate and community partners. The honorees are accompanying the aircraft on its delivery flight from Seattle to Atlanta prior to entering service later this month. Chairman's Club is Delta's highest honor in employee recognition, and honorees embody Delta's values through their distinguished contributions and exceptional service to customers and the communities Delta serves.

The 'Spirit of Seattle' is the ninth of 100 new 737-900ERs that will be delivered to Delta between 2013 and 2018 as it retires older mainline jets and upgrades its fleet. The 737-900ER will be deployed on several routes to and from Seattle, among others, and has a range of 3,200 nautical miles, giving it the ability to operate any domestic route in Delta's extensive network.

Delta will take delivery of three additional 737-900ERs this year for a total of 12 aircraft in 2013, 19 aircraft per year in 2014 through 2017, and 12 aircraft in 2018. The 180-seat aircraft will replace older, less efficient aircraft on a capacity-neutral basis while providing customers with an industry-leading on-board experience.

As Delta's first aircraft to feature Boeing's new "Sky Interior," the 737-900ER offers the airline's customers expanded carry-on baggage space, a roomier, more airy cabin and an LED lighting system that provides different color schemes, such as a soft blue sky and a relaxing pallet of sunset colors.

Every Seattle flight offers BusinessElite/First Class and Economy Comfort seating as well as domestic Wi-Fi service. Delta has also invested $14 million in its facilities at Seattle-Tacoma International Airport, including its recently completed lobby renovations, new Delta Sky Club, Sky Priority services, new gate area power recharging stations and expanded ticket counters.

Delta Air Lines serves more than 160 million customers each year. Delta was named by Fortune magazine as the most admired airline worldwide in its 2013 World's Most Admired Companies airline industry list, topping the list for the second time in three years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 315 destinations in 58 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. The airline is a founding member of the SkyTeam global alliance and participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. Delta is investing more than $3 billion in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Additional information is available on delta.com, Twitter @Delta, Google.com/+Delta, Facebook.com/delta and Delta's blog takingoff.delta.com.

SOURCE Delta Air Lines

For press inquiries: Delta Corporate Communications, 404-715-2554


View the original article here

Saturday, 9 November 2013

Still Time To Get On Board Spirit Airlines After Hitting Two-Year High

A Spirit Airlines jet takes off from Fort Lau...

The airlines are flying high and so are their stocks. Spirit Airlines (SAVE) recently posted record third quarter results as revenue jumped double digits over a year ago. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in both 2013 and 2014.

Spirit Airlines operates a low-cost airlines based on ultra-low base fares which allows customers to buy the extras they value. The company has a $9 Fare Club program that costs $59.95 per year but gives customers access to special low fares and deals on baggage fees.

Spirit operates about 250 flights to 50 destinations in the U.S., Caribbean and Latin America. It is one of the few airlines offering service from the United States to the expanding markets of Panama and Colombia.

On Oct 30, Spirit reported its third quarter results and blew by the Zacks Consensus by $0.10. Earnings were $0.79 compared to the Zacks Consensus of $0.69. It was the fourth earnings beat in a row.

Revenue jumped 33.4% to $456.6 million. Total revenue per available seat mile (“RASM”) was 12.55 cents, up 8.9% compared to the year ago quarter. The gain was due to higher load factors and higher average passenger yields. Adjusted pre-tax margin rose to 20.3%, the highest quarterly adjusted pre-tax margin in the company’s history. Spirit is expected to have strong double digit earnings growth of 57% in 2013 and another 20.2% in 2014.

Special Offer: Forbes Dividend Investor is up 25.3% since last July. Click for a 30-day risk-free trial with two dividend picks each week and a Top 25 ranking of stocks for new money buys on Friday.

In the third quarter, Spirit added one new A320 aircraft, bringing its total fleet to 51 aircraft. It recently started several new routes, including Dallas/Fort Worth to Phoenix Sky Harbor, Phoenix Sky Harbor to Chicago and Minneapolis/St. Paul to Tampa.

After another solid earnings beat, shares jumped to new highs.

Even though shares are hitting new highs, the stock isn’t super expensive. It trades with a forward P/E of 18.9 but given its strong earnings growth it has a PEG ratio of just 0.7. A PEG under 1.0 usually indicates that a company is undervalued.

For investors looking for a way to play the low-cost airlines, Spirit is one to keep on the short list.

—
Tracey Ryniec is the value stock strategist for Zacks.com. She is also the editor of the Turnaround Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec.

Each week Zacks’ Executive VP, Steve Reitmeister selects the most compelling trades and serves them up to you in a new program called Zacks Confidential. Click to learn more.

Thursday, 7 November 2013

Bull Of The Day: Spirit

The airlines are flying high and so are their stocks. Spirit Airlines, Inc. (SAVE) recently posted record third quarter results as revenue jumped double digits over a year ago. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in both 2013 and 2014.

Spirit Airlines operates a low-cost airline based on ultra-low base fares which allows customers to buy the extras they value. The company has a $9 Fare Club program that costs $59.95 per year but gives customers access to special low fares and deals on baggage fees.

Spirit operates about 250 flights to 50 destinations in the U.S., Caribbean and Latin America. It is one of the few airlines offering service from the United States to the expanding markets of Panama and Colombia.

Big Beat in the Third Quarter

On Oct 30, Spirit reported its third quarter results and blew by the Zacks Consensus by $0.10. Earnings were $0.79 compared to the Zacks Consensus of $0.69. It was the fourth earnings beat in a row.

Revenue jumped 33.4% to $456.6 million. Total revenue per available seat mile ("RASM") was 12.55 cents, up 8.9% compared to the year ago quarter. The gain was due to higher load factors and higher average passenger yields.

Adjusted pre-tax margin rose to 20.3%, the highest quarterly adjusted pre-tax margin in the company's history.

Spirit is expected to have strong double digit earnings growth of 57% in 2013 and another 20.2% in 2014.

In the third quarter, Spirit added one new A320 aircraft, bringing its total fleet to 51 aircraft. It recently started several new routes including Dallas/Fort Worth to Phoenix Sky Harbor, Phoenix Sky Harbor to Chicago and Minneapolis/St. Paul to Tampa.

Shares At 2-Year Highs

After another solid earnings beat, shares jumped to new highs.

Even though shares are hitting new highs, the stock isn't super expensive. It trades with a forward P/E of 18.9 but given its strong earnings growth it has a PEG ratio of just 0.7. A PEG under 1.0 usually indicates that a company is undervalued.

For investors looking for a way to play the low-cost airlines, Spirit is one to keep on the short list.

SPIRIT AIRLINES (SAVE): Free Stock Analysis Report

(email registration required)


View the original article here

Tuesday, 5 November 2013

Bull of the Day: Spirit (SAVE)

The airlines are flying high and so are their stocks. Spirit Airlines, Inc. (SAVE) recently posted record third quarter results as revenue jumped double digits over a year ago. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in both 2013 and 2014.

Spirit Airlines operates a low-cost airlines based on ultra-low base fares which allows customers to buy the extras they value. The company has a $9 Fare Club program that costs $59.95 per year but gives customers access to special low fares and deals on baggage fees.

Spirit operates about 250 flights to 50 destinations in the U.S., Caribbean and Latin America. It is one of the few airlines offering service from the United States to the expanding markets of Panama and Colombia.

Big Beat in the Third Quarter

On Oct 30, Spirit reported its third quarter results and blew by the Zacks Consensus by $0.10. Earnings were $0.79 compared to the Zacks Consensus of $0.69. It was the fourth earnings beat in a row.

Revenue jumped 33.4% to $456.6 million. Total revenue per available seat mile ('RASM') was 12.55 cents, up 8.9% compared to the year ago quarter. The gain was due to higher load factors and higher average passenger yields.

Adjusted pre-tax margin rose to 20.3%, the highest quarterly adjusted pre-tax margin in the company's history.

Spirit is expected to have strong double digit earnings growth of 57% in 2013 and another 20.2% in 2014.

In the third quarter, Spirit added one new A320 aircraft, bringing its total fleet to 51 aircraft. It recently started several new routes including Dallas/Fort Worth to Phoenix Sky Harbor, Phoenix Sky Harbor to Chicago and Minneapolis/St. Paul to Tampa.

Shares At 2-Year Highs

After another solid earnings beat, shares jumped to new highs.

Even though shares are hitting new highs, the stock isn't super expensive. It trades with a forward P/E of 18.9 but given its strong earnings growth it has a PEG ratio of just 0.7. A PEG under 1.0 usually indicates that a company is undervalued.

For investors looking for a way to play the low-cost airlines, Spirit is one to keep on the short list.

Want More of Our Best Recommendations?

Zacks' Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Then each week he hand-selects the most compelling trades and serves them up to you in a new program called Zacks Confidential.

Learn More>>

Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Turnaround Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec.


SPIRIT AIRLINES (SAVE): Free Stock Analysis Report

Zacks Investment Research


View the original article here