Lobaeux

Shares are down on the earnings, probably from the earnings call. I didn't get to hear it, but my guess is, analysts were probably looking for more capacity and revenues were influenced by airfare increases. Just my quick, initial look at things.
I've still to read the transcript.

bubi352

It seems the stock always goes down the day the quarterly result is out then goes back up.

Qotsaautopilot

Good but not quite as profitable as the legacies scaled for size. Hopefully we have some room to raise ticket prices to add revenue.

Sailor

i don't know if thats correct, I thought that this company had a pretty high profit margin, scaled for its size they had impressive profits, and there is (according to the share holders call today) room to tweak ticket prices.

Qotsaautopilot

You could be right. I'm just ballparking. It'd be interesting to see profit per seat mile if anyone knows where to find that. With Ual making $900m and AA making $1.2b and spirit at $64m, I don't know that they are 14 and 18 times spirits size in terms of seat miles.

Sailor

All the info is on their site under investor relations.

Three months ended June 30
Operating revenue per ASM (RASM) (cents)
2014. 2013. Change
12.46 11.91 4.6%


Hope it helps

OrdAAPilot

AA May 2014 ASM was 22.9 billion.
Spirit May 2014 ASM was 1.1 billion.

Qotsaautopilot

There you have it. Spirit is more profitable.

319wisperer

Looks like ORD-ATL, ORD-MSY, DTW-ATL, and DTW-MSY being added in November. I'm guessing we found some gate space in ORD.

Car Ramrod

It is really silly to compare the two.

I have a duplex as a rental property. I make about $300 on each unit totaling $600 per month, or $7200 per year. Big Shot Apartment Company Llc owns a 100 unit buildig and only makes $150 per month on each unit. Am I twice as profitable as them because I am pulling down $300 for each unit? They make $15k per month and $180k per year...

AA could probably cut the 1/3 least profitable routes, and have the same profit margin as Spirit. As Spirit grows, they will put the aircraft on the routes that will be most profitable. Eventually the most profitable route may only draw a 3% profit margin. 3% is still a profit! If you have 100 of those it adds up to a lot of money.

The other thing to think about is: Spirit may be able to make a 3% margin on routes where AA loses money.

Point is: There are a lot of things to consider when comparing the financials of the two..