Spirit Airlines (SAVE) provides air travel from smaller cities and towns around the country to hot tourist destinations in places like sunny Florida and the Caribbean. Spirit offers the lowest-priced tickets and charge for other services on an a-la-carte basis.
Consumers seem to like the approach, as earnings have exploded this year. In the most recent quarter profits were up more than 100%.
The strong performance should continue as travelers take to the air for summer vacations. The stock was upgraded to an “A” by Portfolio Grader back in September and the stock is a “strong buy” at the current price.