Spirit Mulls Adding Smaller Jets - Page 34 - Airline Pilot Central Forums

#331

3inthegreen , 01-15-2019 12:42 PM

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Quote:

Originally Posted by Super EZ E

Pist did you notice the stock price today? $17.17? Not good. Clearly wall street see an issue with JB. $17 a share qualifies as no rudder.

Well Allegiant stock closed today at $119.44......so....this now means they are 600% more valuable than JetBlue, 400% better off than American, and 110% stronger than Microsoft!

#332

3inthegreen , 01-15-2019 12:43 PM

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Quote:

Originally Posted by FNGFO

Actually it’s a very apt comparison because it’s an indicator of Wall Street’s confidence in the company, and its fairly low with them.

Then wall streets confidence is THROUGH THE ROOF with Allegiant!! $119.44 a share!!! Wow!!!

#333

3inthegreen , 01-15-2019 01:06 PM

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Quote:

Originally Posted by nkbux

To Wall Street we look much better...rudderless or not... we are a VERY healthy company from a financial standpoint and have a corporate balance sheet to envy... spirit CANNOT operate like AA or even JetBlue...I’m glad those guys got a contract after us that had higher rates and work rules etc... just sets us up for a victory in 2020...but make no mistake... we’re in a better position for fruition in the future and we know what that looks like... and not to beat a dead horse BUT... if you wanna compare W2’s by all means do so... I’ll keep my low premiums and move on... with that said... they’ll move far ahead of us if the profit sharing checks are legit which they should be... that’s an absolute MUST on the next round

If you look at our balance sheet, you'll find we are being ran much more like AA and aren't nearly as HEALTHY as you think we are.

Delta Long Term Debt to Asset Ratio: 17%
American Long Term Debt to Asset Ratio: 42%
Spirit Long Term Debt to Asset Ratio: 37%

Delta Cash to Debt Ratio: 20%
American Cash to Debt Ratio: 20%
Spirit Cash to Debt Ratio: 18%

Spirit has alot of debt man, and if we get a new order that debt will only go up.

#334

Name User , 01-15-2019 05:24 PM

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Quote:

Originally Posted by Super EZ E

I don't know where the guy gets his AA left seat flow but my TWA buddies that are 98 hires upgraded last month to A320. That was the first time they could hold left seat. They are very junior LGA Res Capts. Don't forget the 10 years they spent on the street!!!

FYI AA upgrade is five years to group 2 (Airbus/737).

#335

FNGFO , 01-15-2019 05:46 PM

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Quote:

Originally Posted by JulesWinfield

Do you know what stock splitting is? It sounds like you don't.

When was their last split? A quick search says 10+ years ago. Probably not a lot to do with their stock dropping 40% over the last 3 years.

#336

FNGFO , 01-15-2019 05:49 PM

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Quote:

Originally Posted by TrojanCMH

This isn’t true at all. I don’t know if we are confused and arguing different things but stock price means nothing. It’s the direction it’s going and the market cap. If Spirit puts out 100 stocks and they are worth $1 and JetBlue puts out 10 stocks worth $10 then the stocks are worth the same and they go up and down from there as the company performs or underperforms. Apple stock is at $150 and google is $1000. Does that mean google is worth 7 times as much as apple in your mind?

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At no point did I argue the value of the company via stock price. Something two other posters also score points with using terrible comparisons.

Tons of things go into stock values, but it’s also a very basic indicator, imperfect as it is,in market confidence in the performance and prospects of a company.

#337

FNGFO , 01-15-2019 05:52 PM

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Quote:

Originally Posted by 3inthegreen

Then wall streets confidence is THROUGH THE ROOF with Allegiant!! $119.44 a share!!! Wow!!!

Poor comparison. Allegiant is a vacation travel company that plays with airplanes on the side. There’s a lot more that goes into their stock valuation and profit margin than pure airfares.

A look at B6’s stock versus traditional airlines shows pretty weak performance.

#338

Qotsaautopilot , 01-15-2019 05:55 PM

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Quote:

Originally Posted by nkbux

What happens in 2020? Last I checked we are subsidizing spirit for another 4 years, 1 month, and 2 weeks- minimum. More like 7 years.

#339

TrojanCMH , 01-15-2019 06:09 PM

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Quote:

Originally Posted by FNGFO

As long as you don’t think that the actual price of a stock is indicative of the value of a company then we agree. Your previous post just led me to believe that you thought that the higher the stock price meant the more successful/valuable company. If that were the case Allegiant would be the most successful airline in the US. All I was saying is that stock price has nothing to do with that. Stock price is arbitrary... Has to do with how many stocks were issued when they went public and whether they’ve been split or not.

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#340

nkbux , 01-15-2019 06:16 PM

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Quote:

Originally Posted by Qotsaautopilot

What happens in 2020? Last I checked we are subsidizing spirit for another 4 years, 1 month, and 2 weeks- minimum. More like 7 years.

I meant to type 2022... but sadly your absolutley right in that regard!

For the record... I’m well aware that stock price is not solely indicative of a companies value...and honestly I was completely clueless as to our debt to asset ratio being so much higher than Deltas... not unaware that we had incurred debt...maybe some old mad dogs will clean up the balance sheet