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-   -   Spirit Mulls Adding Smaller Jets (https://www.airlinepilotforums.com/spirit/113003-spirit-mulls-adding-smaller-jets.html)

Super EZ E 01-15-2019 09:46 AM


Originally Posted by 3inthegreen (Post 2742161)
Well, if you call 255 airplanes with firm orders for 153 more plus a new fleet type rudderless sure. They also have a new contract far better than ours. We are the ones searching the ends of the earth for Airbus slots and used 319s. I’d say we are much more rudderless right now, as we celebrate WiFi with cake cutting ceremonies.

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.

Tranquility 01-15-2019 10:32 AM


Originally Posted by Super EZ E (Post 2743434)
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.

Our share price is higher than LUV. Does that mean we are more profitable or have a better balance sheet?? (Answer to both of those questions is no....) Don’t conflate stock price directly with the success of a business.

FNGFO 01-15-2019 10:37 AM


Originally Posted by 3inthegreen (Post 2743146)
For the 3rd Quarter

Our GAAP pre tax income was $96.5 million
JetBlue had a GAAP pre tax income of $68 million.

We had an adjusted pre tax income of $100.5 million.
JetBlue had an adjusted pre tax income of $180 million

JetBlue had a one time expense of $112 million in regards to refleeting the 190s.

JetBlue’s niche is the East Coast, the Caribbean, South America, the West Coast and they have a very loyal customer group in most of there markets. Seems like their rudder works just fine.

You don’t understand what is meant by niche. SWA has a very loyal customer base. It’s not because of the areas they serve. It’s the product they bring. B6 seems to be working to find what it will hang it’s hat on in the future.

I suspected there was some kind of one time payment that was made, but didn’t know what and said as much. Still, they have about the same cash reserves as NK and their stock is worth 1/3-1/4 as much.

They’re not about to fall to pieces or anything, but the answer you’d get by asking them what they want to be when they grow up would be helter skelter at the moment. Or, more succinctly, as the original poster suggested, rudderless.

symbian simian 01-15-2019 11:44 AM


Originally Posted by FNGFO (Post 2743470)
You don’t understand what is meant by niche. SWA has a very loyal customer base. It’s not because of the areas they serve. It’s the product they bring. B6 seems to be working to find what it will hang it’s hat on in the future.

I suspected there was some kind of one time payment that was made, but didn’t know what and said as much. Still, they have about the same cash reserves as NK and their stock is worth 1/3-1/4 as much.

They’re not about to fall to pieces or anything, but the answer you’d get by asking them what they want to be when they grow up would be helter skelter at the moment. Or, more succinctly, as the original poster suggested, rudderless.

That is the least meaningful comparison, we could split our stock in four and it suddenly would be worth less than JB's.

I think much more meaningful is JB's market-cap compared to ours:
5.25B vs 4B, and we are half their size.

nkbux 01-15-2019 12:03 PM


Originally Posted by 3inthegreen (Post 2743146)
For the 3rd Quarter

Our GAAP pre tax income was $96.5 million
JetBlue had a GAAP pre tax income of $68 million.

We had an adjusted pre tax income of $100.5 million.
JetBlue had an adjusted pre tax income of $180 million

JetBlue had a one time expense of $112 million in regards to refleeting the 190s.

JetBlue’s niche is the East Coast, the Caribbean, South America, the West Coast and they have a very loyal customer group in most of there markets. Seems like their rudder works just fine.

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

FNGFO 01-15-2019 12:05 PM


Originally Posted by symbian simian (Post 2743499)
That is the least meaningful comparison, we could split our stock in four and it suddenly would be worth less than JB's.

I think much more meaningful is JB's market-cap compared to ours:
5.25B vs 4B, and we are half their size.

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.

nkbux 01-15-2019 12:05 PM


Originally Posted by FNGFO (Post 2743520)
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.

This dude gets it!

JulesWinfield 01-15-2019 12:09 PM


Originally Posted by FNGFO (Post 2743520)
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.

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

TrojanCMH 01-15-2019 12:11 PM

Spirit Mulls Adding Smaller Jets
 

Originally Posted by FNGFO (Post 2743520)
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.



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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Xjrstreetcar 01-15-2019 12:24 PM

Thinking basic finance should be added to grade school curricula...


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