Spirit Airlines Takes on American Airlines With Miami Expansion

For years, Spirit Airlines (NYSE: SAVE) and American Airlines (NASDAQ: AAL) have coexisted in South Florida with minimal drama. American Airlines dominates Miami International Airport, carrying about 75% of domestic traffic there in 2019. Meanwhile, Spirit Airlines has offered its low-fare service at Fort Lauderdale-Hollywood International Airport, about 30 miles north, typically as the largest or second-largest carrier there.

However, Spirit Airlines is about to shatter this delicate balance. Earlier this week, it announced plans to begin flying to Miami, launching 30 routes this fall.

Air travel demand to Miami has recovered much faster than most of the country, as Florida has reopened its economy faster than most states and leisure travelers have flocked to beaches and other outdoor-focused vacation destinations.

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Source Fool.com