Originally Posted by
senecacaptain
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.
I won't pretend to be an economist as I fly planes for a living. Truth of the matter is, we are are all hurting right now regardless of our paint scheme.