A Comparison Of American Airlines And Spirit Airlines

The objective of this research report is to provide a thorough analysis of Alaska Airlines. In order to do this we chose to compare a similar company against them. The company in comparison is Spirit Airlines. Both companies compete in the same type of business through airline transportation. Many of their services include; security, safety, transportation of passengers as well as luggage, ensuring vehicle safety while in transit, concierge services, providing entertainment aboard plane, checking weather conditions prior to flight, and much more. All of the data gathered for this report was obtained from the company’s 10-k filings with the SEC.
We compared the two companies in a variety of ways. To start, we will give a brief background

They provide guests with a virtual network of more than 900 destinations worldwide. Alaska Airlines has been the leader in the industry for on-time performance among major airlines for the past seven years. They earned record financial results in 2016, marking the 13th consecutive annual profit on an adjusted basis. Spirit Airlines is an ultra-low cost, low fare airline. Compared to Alaska Airlines, Spirit Airlines pricing is much lower. Both Spirit Airlines and Alaska Airlines have steady financials in both favorable and more difficult economic times.

2. Firm, Industry, and

The company was founded in Michigan in 1964, first known as Clippert Trucking and in 1974 changed its name to Ground Air Transfer, Inc. In 1983, the company began doing business as Charter One, a Detroit-based charter tour operator. Charter One provides travel packages to entertainment destinations such as Atlantic City, Las Vegas and the Bahamas. In 1992, Charter One changed its name to Spirit Airlines. The airline bought jet equipment into the fleet and then began booking passenger travel service to destinations such as Fort Lauderdale, Detroit, Myrtle Beach, Los Angeles and New York. Spirit relocated its headquarters to Miramar, Florida in December 1999. Expansion continued with the addition of the Chicago market, as well as coast-to-coast service to Los Angeles. In November 2001, Spirit invested service to San Juan, Puerto Rico. In fall of 2003 boughtt Spirit to Washington, DC’s Reagan National Airport and Cancun, Mexico. In fall 2004, Spirit introduced service to Santo Domingo, Dominican Republic. They now travel all across the world while still providing passengers with low