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.

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.

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

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!

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

Spirit Mulls Adding Smaller Jets
 

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

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!

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

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.

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

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.

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.

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.

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.

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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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

2022? 5 year contract plus negotiation, Contract 2028.

Yes probably... is it out of the realm of possibility for early openers in 2022? Never too early to start a want list! I never said we’d have a deal without ever seeing section 6

Absolutely we would. Frontier plus 1. Minus 1 year.

[QUOTE=nkbux;2743847]Yes probably... is it out of the realm of possibility for early openers in 2022? Never too early to start a want list! I never said we’d have a deal without ever seeing section 6[/QUOTE

[QUOTE=hayimcow;2743897]It’s too early.