Originally Posted by
full of luv
Maybe just maybe the doubling in size in several years is the risk that gives investors pause.
And that's because they're using valuation metrics with the assumption of a similar business model to legacies. Problem is, we're the only publicly traded ULCC in the USA... Our closest competitor isn't publicly traded (yet....) and the next closest has costs that are darn close to a legacy. Apples to oranges...
And, there is a very valid argument that Spirit, or the ULCC market in the USA, could more than double again from Spirit's 145 aircraft by 2021 fleet plan.... 300 a/c in the U.S. would put the ULCC market on par with our European brethren....