Originally Posted by
Silver02ex
I got the opposite vibe from the higher ups at Spirit. Most of the time when we announce a new route or cities, there’s never any mention who we are competing against. It’s mostly “This is what we are doing, and that’s it” It’s how it was made out to be on one of the investor calls.
“
We don’t really care what they are doing,” Spirit CEO Robert Fornaro said Oct. 25 on an earnings conference call. “It’s just the marketplace adjusting and adapting. The key thing is, ultimately, how many seats do you sell at a certain price?”
https://skift.com/2018/10/29/why-low...economy-fares/
Interesting quote from that article:
Investors have been so happy that the stock traded at its 52-week high after the earnings release.
SAVE was in the 60's back in Feb 2019. It would have to climb over 50% from where it closed on Friday to close above its 52 week high price.
It would have to more than double to hit its all time high of $80+ set five years ago.
That being said I like the company and the stock from an investor standpoint.