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DANIA BEACH, Fla. - Spirit Airlines (NYSE American:FLYY) initiated its first-ever service at Savannah/Hilton Head International Airport (SAV) on Thursday, beginning with daily nonstop flights to Newark Liberty International Airport (EWR). The airline, which generated revenue of $4.4 billion in the last twelve months, is expanding its routes despite facing significant operational challenges. According to InvestingPro analysis, the company’s financial health score currently indicates weakness, with 13 additional key insights available to subscribers.
The airline plans to expand its Savannah service this fall with additional routes to Fort Lauderdale-Hollywood International Airport (FLL) and Nashville International Airport (BNA) starting October 9, followed by Detroit Metropolitan Wayne County Airport (DTW) beginning October 10.
"We’re always looking for new destinations our Guests will love, and the addition of Savannah to Spirit’s network offers a great value for a charming getaway," said Rana Ghosh, Senior Vice President and Chief Commercial Officer at Spirit Airlines, according to a press release statement. The expansion comes as Spirit faces financial headwinds, with InvestingPro data showing the company’s stock has declined over 77% in the past year, while maintaining a modest gross profit margin of 5.7%.
Savannah becomes Spirit’s third destination in Georgia, joining Atlanta, where the airline has operated for 19 years, and the recently announced Macon service scheduled to begin October 16.
Greg Kelly, Executive Director of the Savannah Airport Commission, called the new service "a major win for our region" that provides local residents with access to four popular destinations.
To mark the launch, Spirit is offering a promotion through its Free Spirit loyalty program where members can earn bonus points on flights to and from Savannah. For Newark-Savannah routes, bookings must be made by August 21 and flown by September 21. For the other three destinations, bookings must be made by October 17 and flown by November 17.
Spirit’s service options in Savannah include its three-tiered travel experience: Spirit First with premium seating and amenities, Premium Economy with extra legroom or blocked middle seats, and Value for budget-conscious travelers. The airline’s strategic pricing tiers come as it manages a substantial debt burden, with a debt-to-equity ratio of 14.25. Want deeper insights into Spirit Airlines’ financial metrics and future outlook? InvestingPro offers exclusive analysis and real-time updates on the company’s performance metrics.
In other recent news, Spirit Aviation Holdings has entered into a significant agreement with International Aero Engines, LLC to address issues with its GTF engines, aiming to provide financial compensation for grounded aircraft. This agreement follows a notice from Pratt & Whitney regarding a rare condition in engine parts that required accelerated inspections. Spirit Aviation Holdings also filed its monthly operating reports and a quarterly post-confirmation report with the United States Bankruptcy Court, following its emergence from Chapter 11 bankruptcy in March 2025. Additionally, Spirit Airlines announced new nonstop flights, including a service between Key West International Airport and Fort Lauderdale starting November 6, 2025. The airline will also launch its first-ever flights from Macon to Fort Lauderdale on October 16, 2025, marking its entry into the Macon market through a partnership with Contour Airlines. In corporate developments, Spirit Aviation Holdings promoted Thomas Canfield to Executive Vice President & General Counsel, with adjustments to his compensation package. These recent developments reflect Spirit’s ongoing efforts to expand its services and manage operational challenges.
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