Spirit Airlines Isn't Avoiding the Competition Anymore [The Motley Fool]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: The Motley Fool
Spirit Airlines Isn't Avoiding the Competition Anymore In the first few years after its 0 IPO, Spirit Airlines ( NYSE:SAVE That changed quickly beginning in 0. The legacy carriers, led by American Airlines NASDAQ:AAL big leisure markets like Florida However, Spirit Airlines recently started targeting legacy carriers' biggest hubs for growth once again. Is the budget airline risking another devastating competitive response? Price matching crushed Spirit's profitability When Spirit Airlines was just a tiny upstart, larger rivals most ignored it. That encouraged Spirit to grow rapidly in big markets such as Dallas and Chicago, both of which are major hubs for American Airlines. Spirit Airlines added lots of routes in big cities after its IPO. Image source: Spirit Airlines. As Spirit grew, competitors became more fearful of its expansion. In 0, American Airlines executives noted that 87% of the airline's unique customers fly with American once a year or less, and those passengers account
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News
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UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/18/24 - Form 144
- 4/18/24 - Form 144
- 4/18/24 - Form 144
- UAL's page on the SEC website