Originally Posted by
BadHombre
It seems the investors cant understand the concept that RASM has dropped because of pricing pressures in markets that didn't exist in 2014 and prior.
Bob remarked that he doesn't look at anything from 2014 and before because Spirit was allowed to run a free for all in any market without price competition. Now we are seeing the competition so RASM is dropping YOY, but our CASM continues to drop as well, preserving those 20% margins.
That timing also coincides with the plunge in oil prices. Fuel costs less, don't need to charge the passengers as much, also driving RASM downward.....