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DANIA BEACH, Fla. - Spirit Airlines (NYSE American:FLYY), currently valued at $121 million and trading at $4.66 per share, will begin offering nonstop flights between Key West International Airport (EYW) and Fort Lauderdale (FLL) starting November 6, 2025, according to a company press release issued Tuesday. According to InvestingPro data, the airline operates with a significant debt burden, carrying a debt-to-equity ratio of 9.49x.
The new route will be the only nonstop service between the two Florida destinations. Flights will initially operate four times weekly on Monday, Thursday, Friday, and Sunday, before expanding to daily service starting December 18, 2025.
Key West marks Spirit’s eighth destination in Florida, joining the airline’s existing service to Fort Lauderdale, Fort Myers, Miami, Orlando, Pensacola, Tampa, and West Palm Beach.
"Key West is a one-of-a-kind beach destination, and now travelers can easily access this island paradise," said John Kirby, Vice President of Network Planning at Spirit Airlines.
Richard Strickland, Executive Director of Airports at Key West International Airport, stated, "We welcome this addition to our selection of carriers and greatly anticipate access to Spirit’s expansive network of destinations."
The airline is offering introductory fares starting at $79 one-way, available for travel from November 6 through December 17, 2025, with blackout dates from November 20 through December 2.
The new service will provide one-stop connections through Fort Lauderdale to various cities across Spirit’s network, including Atlanta, Boston, Chicago, Dallas, Detroit, Houston, New York City, and Philadelphia.
Spirit Airlines was recently named Best Airline Overall for 2025 by WalletHub and received recognition as a 2025 Four Star Low Cost Carrier from the Airline Passenger Experience Association. The stock has faced headwinds in 2025, declining 47% year-to-date, though it trades at a notably low price-to-book multiple according to InvestingPro metrics.
In other recent news, Spirit Aviation Holdings, Inc. has been actively involved in multiple developments. The company has entered into a significant agreement with International Aero Engines, LLC to address issues with its GTF engines, which have resulted in some aircraft being grounded. This agreement aims to provide financial compensation to Spirit for the affected aircraft. Additionally, Spirit Airlines has launched new nonstop flights from Chattanooga, connecting to major destinations such as Fort Lauderdale, Newark, and Orlando. This expansion is part of Spirit’s efforts to enhance travel options and strengthen regional connections.
In another development, Spirit Airlines is set to offer nonstop flights between Macon and Fort Lauderdale starting October 2025, marking its entry into the Macon market. Meanwhile, Spirit Aviation has submitted its monthly operating reports and a quarterly post-confirmation report following its emergence from Chapter 11 bankruptcy earlier in 2025. However, the company has faced compliance issues with NYSE American due to a delay in filing its quarterly report for the period ending March 31, 2025. This delay is attributed to the implementation of "fresh start" accounting after its recent bankruptcy emergence.
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