Sloppy journalism or is this author using a different source of numbers than our NC?
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At the start of 2015, the stock traded in the $70s. Since then, the company has built in another $700 million in annual revenue turnover and booked over $1 billion in net profit. With a market cap of $2.74 billion, as long as the earnings continue to come in, the company is worth at least double. As for the pilot union negotiation, Spirit has reached a tentative deal which could mean an increase of $120 million in pay over the next five years. It’s a far better and more reasonable deal than what was on the table last summer, and voting is set to conclude at the end of this month. In the meantime, Spirit is a bargain."
https://www.gurufocus.com/news/64597...pirit-airlines