Spirit Air Surges Most in Four Years After Curbing Growth Plans
- Expansion in 2019 will be curbed to about half of 2018’s rise
- Carrier is reviewing plans for plane orders, lease renewals
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Spirit Airlines Inc. is pulling back on the torrid expansion that helped place them at the center of an industry fare war in recent months, sending the discount carrier’s shares surging the most in four years.
Spirit will limit its growth of flights and seats to as little as 10 percent in 2019, executives said Thursday. As part of the slowdown, the airline is holding off deciding whether to order new Airbus SE aircraft to fuel future flying, Chief Financial Officer Ted Christie said Thursday.