Originally Posted by
CMFIC
Sloppy journalism or is this author using a different source of numbers than our NC?
"
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
I think he’s off just a little bit. Assuming a $50,000 a year raise (average, but I think it’s more) times 1800 pilots, that equals $90 million per year. So around $500M Just in pay over 5 years. Plus harder to quantify QOL stuff like trip rigs etc. he was probably told those numbers by our management who is trying to downplay it to make themselves look better.