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Ultra low cost carrier Spirit Airlines is forecasting continued
strong consumer demand for ultra low fares in 2008 and plans to
increase capacity more than 10 percent system wide during the coming
year, and plans to grow by 20 percent in South Florida.
Through productivity and efficiency, Spirit has achieved one of
the most competitive cost structures in the world with costs
(excluding fuel) now below five cents per available seat mile. This
focus on low costs has allowed Spirit to succeed in selling ultra low
fares - as low as a penny in many fare promotions. The ultra low fares
have in turn fueled Spirit's growth, making Spirit the largest ultra
low cost carrier to the Caribbean and Latin America, and it is also
now the largest carrier in Fort Lauderdale, and the largest low fare
airline in Detroit.
"We witnessed strong demand in 2007 for our new unbundled low fare
product," says Spirit CEO Ben Baldanza. "As we welcome the new year,
we are very bullish in our outlook for 2008 demand for low fares and
with a concentrated effort on keeping our costs under control we
expect to prosper for years to come."
Spirit is responding to the strong demand for ultra low fares with
plans to grow capacity by more than 10 percent year over year with the
introduction of new service in over 10 new markets, as well as
continued growth in existing markets.
About Spirit Airlines
Spirit Airlines, Inc. (www.spiritair.com) is the largest Ultra Low
Cost Carrier (ULCC) in the United States, Latin America and Caribbean.
Its all-Airbus fleet, the youngest in the Americas, flies more than
200 daily flights to 39 destinations. The company is based in Miramar,
Florida, and employs 2,300 professionals.
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