Originally Posted by
Burton78
Yet Spirit is down 30% today while the others are around 10-15%.. Agreed, hopefully we all come out of this ok.
The Max being grounded for SWA right now actually helps as it's less capacity to fill.
Spirit has 68M shares outstanding. It is basically a micro-cap/small-cap stock.
UAL (down 20% by the way) has 247M shares outstanding.
Exits out of airline stocks "hurt" the share prices of the smaller companies more than the bigger companies, all things being equal.
On the flip side, Spirit/etc do not have 25,000 employees on payroll, or 50 787's that are sitting around. Flying half full Airbus's FLL to San Juan is different than empty 777s to China.