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21:55 Spirit runs fare hike up the flagpole - Allegiant Travel Company (NASDAQ:ALGT)

英文24小时播报 5月前 99

Spirit Airlines (SAVE +2.7%) has taken the lead in hiking fares for the first time in over a year, according to JPMorgan.

The $3 one-way fare increase by Spirit is expected to be matched across the industry on competing routes, potentially an important development after Delta's $2-$5 earlier hike this week was pulled back.

There's been a lot of attention on fares over the last few weeks due to higher jet fuel prices and with United Continental (UAL +2%) cutting back slightly on its aggressive capacity growth plans.

Fare-watching: Southwest Airlines (LUV +0.4%), Delta Air Lines (DAL +0.5%), Hawaiian Holdings (HA +0.6%), Alaska Air Group (ALK +0.7%), JetBlue (JBLU +0.7%), Allegiant Travel (ALGT +0.5%) and SkyWest (SKYW +0.1%).

Related ETF: JETS.

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