ShareThis Page
Business Headlines

Spirit Airlines picks insider to become next CEO in 2019

| Wednesday, Dec. 13, 2017, 6:30 p.m.
In this Wednesday, Aug. 31, 2016, photo, a Spirit Airlines passenger plane arrives at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. On Wednesday, Dec. 13, 2017, Spirit announced CEO Robert Fornaro will step down in January 2019 and be replaced by the company's current chief financial officer, Ted Christie.
In this Wednesday, Aug. 31, 2016, photo, a Spirit Airlines passenger plane arrives at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. On Wednesday, Dec. 13, 2017, Spirit announced CEO Robert Fornaro will step down in January 2019 and be replaced by the company's current chief financial officer, Ted Christie.
Spirit Airlines CEO Robert Fornaro will step down in January 2019, the company announced Wednesday, Dec. 13, 2017.
Spirit Airlines CEO Robert Fornaro will step down in January 2019, the company announced Wednesday, Dec. 13, 2017.

MIRAMAR, Fla. — Spirit Airlines Inc. said CEO Robert Fornaro will step down in January 2019 and be replaced by the company's current chief financial officer, Ted Christie.

Spirit announced Wednesday that Christie will be promoted to president and join the board Jan. 1, then become CEO a year later.

Christie joined the budget airline in 2012 and gained more control over marketing and pricing this year.

Fornaro has led Spirit since January 2015. Before that, he led AirTran Airways until it was bought by Southwest Airlines.

Through Tuesday, Spirit's profit is down 21 percent and its shares have sagged 25 percent this year as the Miramar, Fla.-based carrier faces tougher price-matching competition from United and American.

In Wednesday's trading, the shares closed down 3 cents to $43.30.

TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.

click me