Originally Posted by
obx41
With oil on the rise, at what price does Spirit remain profitable? We're likely to see $100 bbl in early 2011 and some analysts say $120 in 2012.
Hopefully $120 bbl is unlikely, based on the Fibonacci retracement, but it is on the rise.
Are they profitable at 100, 110?
From what I understand we are profitable up to the 115-120/bbl range. Above that, well I dont know of any airline that was able to figure that out last time around, so we are all probably f'ed!