What is so hard to understand?

Future expectations. Less growth for '16 vs '15. 2016 Q1 expected to be less profitable. The call was full of "uncertainty" type of questions. One guy even asked if we are going to defer orders.

Spirit stock has always been about higher than average industry margins combined with a high rate of growth. This is clearly questioned by the analysts. Kapish?


edit:
Few other interesting things that caught my attention were:

- Spirit operates under the assumption that there will not be a labor agreement with either unions in 2016. Not that "assumptions" are meaningful but they sure did not paint an optimistic picture either.
- No extra plane orders anytime soon. The growth is right where they want it. There goes your 2.5 year upgrade for new hires.
- Planes are indeed going to be returned on schedule. Many of us thought they were going to keep them. It does not look like it.
- DFW will no longer grow and has not been growing since 2013. (This was news to me but I do live in a cave.)
- Something like "we will do more of what we are doing just not where we are doing it right now"... This was in reference to growing existing markets.

Overall I thought they answered the questions well.