I think there has to be a seller on the other end... hence the variability in price during execution.

Just guessing, had a limit order set for 1,150 shares, and this is how the computers executed the trade.

That’s exactly what happened. Perfectly normal execution with larger orders.

It was a market order execution for a buy order. Buy, market, 1150 shares. It fills ASAP at the current market rate. The breakdown just depends on how the order was filled. For big orders very rarely does it execute as one price for all 1150 shares.


I'm not looking at a loss on a day-to-day basis. You'd stroke yourself out. Airlines and cruises are tough, so for these I go short hold not a long one. I bought at 9.45 (rounded), if this thing hits 10.45 I could sell and make $1150. That's how on Carnival I bought at 8.99 and then put a sell limit order at 11.99 and it executed. 3 grand profit (minus ordinary income tax on gain - but whatever, I'm not holding long run on a consumer entertainment during Covid).

It's worked for me fairly well. The one BIG one that bit me in the ass was my gamble on Embraer. I bought it at 6.46 on the assumption the European Commission would approve it in July. Boeing bailed and the stock crashed. I panick sold at 5. Had I held it though, 2 days later it returned to a high of 6.50 and I could have sold and made a couple dollars instead of losing $$$$.



All that said, Spirit *might* be the one exception I make and hold long. I really think after Delta and Southwest CEOs admitting today that business travel ain't coming back anytime soon, and Delta parking widebodies, Spirit is going to be the one that comes out ahead. I'm not saying it's going back to $60 anytime soon but even going back to $15+ would be a nice profit. I doubt NK would declare bankruptcy and even if they do, losing ~10.7k is still a drop in the bucket for the potential upside.


Sheesh. I have more faith in ya'll than you do?

CNN has ensured this entire country is scared of it’s own shadow. How can one have faith in air travel when no one will step out their front door?

it’ll be ok, they have Greta giving Coronavirus Briefs now....SMH

Shes an expert virologist. How dare you.

anyone knocking CNN should be knocking FOX in the same breath

Did I promote Fox? Nope. Stopped watching that garbage about a decade ago. I’m a (fiscal) conservative lean but that’s about it. They’re off their rockers.

that’s true but I see many people out. They need somewhere to go. There’s no point to this anymore. People are congregating already. They may as well congregate at Disney or vegas

wash hands and wear a mask when appropriate and let’s get on with it. The big businesses like Disney need to open full throttle and just require masks and make people sanitize anytime they enter a line or restaurant. No sanitize and no mask and GTFO of the line. We cannot distance until we all are vaccinated.

Does Disney sanitize each hand grip for each ride after use? If so, I think we found an answer to unemployment. If not, how is this sanitary??

A new revenue stream would be for Disney to rent yellow armbands, too! Hire all the unemployed to be brown shirts! Win- win!

Plane Coffee

you can only do what you can do. We aren’t going to overwhelm the hospitals it seems and that was the point of all this. We need to get going. The virus just like other viruses is with us.

The only people that watch CNN are those waiting for their connections .That's only 350 people per day nation wide at this point . Fredo is lucky to have a brother that matters.

My point is, this is YOUR perception.... How many of WDW’s visitors are from overseas (who don’t watch our ‘skewed’ media)?? How safe will they feel here? Can they even get here? Rhetorical questions, just amused that people in this country think it’s all about them...

We're gonna go see family. LA gonna be locked down through end of August so what are we gonna do all summer long anyway? Got the wife and kids booked late June LAX-DTW on Spirit for $40 each (Delta was much more expensive at $249 each).

Doing my part to help! :D

https://i.postimg.cc/XY1gGX3T/Spirit.png

So this is part of the reason the company increase 1,900 hrs of block hrs for June. :D

Yes. I posted in another thread that when searching for fares to go see family, I couldn't find any Spirit flights from LAX-DTW until July 5th. A few days later I noticed they added 4x weekly flights in June with an 11am departure (no redeye option). I do appreciate you adding more block hours, both as a customer and as a shareholder. :D

Apparently he gets very excited over SAVE stock😆

You don’t have kids, do you? :D

They swap lollipops.
After having their faces cleaned with Mom spit.

Yet strangely, somehow mostly survive childhood.

Would Spirit pilots still get Furlough pay under section 23.G if we were furloughed?

Depends if this can be played off as an unforeseen act of God.

I would love to see the court fight of airlines making billions in profit (surplus) yet not being able to afford a downturn.

I would hope furlough pay would be protected.

What people seem to fail to understand is that the virus did not collapse the economy, the government did. The words being used on the public are carefully chosen by those writing and speaking them, to create a narrative that the public has a common enemy which is the virus, and the only way to combat it is through mass life-altering decisions by those in power. travel was steady even with the virus going on, demand didn’t suddenly vanish, in fact demand is still high with people wanting to go places, but they are prevented from doing so because the government has shut everything down. The government isn’t a god, and therefore this should’ve qualify as an act of god causing furloughs.

Though I’m sure it’s a losing argument.

Everyone except perhaps AAL was financially set to handle a normal downturn. That argument won’t fly. The $2T stimulus and further $3T being contemplated would be evidentiary examples A and B of that.

Having said that I hope that furlough pay is protected while kinda doubting it will be.

All true. Spirit doesn’t bring many people from overseas so we just need it to be open so we can fill planes with people from Ohio.

Disney, Vegas, and Cancun is where Americans want to travel to first after this is over...sounds like good news for Spirit! Time to buy more Spirit stock

Very astute observation from a critical thinker . The politicians should be drug through the courts personally, lawsuit after lawsuit, for their criminal actions of destroying viable businesses across many industries for political agenda gains.

Our CBA doesn’t say anything about an act of god. It says “circumstance over which the company does not have control”.

From Spirit’s 2019 annual report:

“Airlines are often affected by factors beyond their control, including: air traffic congestion at airports; air traffic control inefficiencies; major construction or improvements at airports; adverse weather conditions, such as hurricanes or blizzards; increased security measures; new travel related taxes or the outbreak of disease, any of which could harm our business, operating results and financial condition.

...

Similarly, outbreaks of pandemic or contagious diseases, such as Ebola, measles, avian flu, severe acute respiratory syndrome (SARS), H1N1 (swine) flu, Zika virus and Coronavirus, could result in significant decreases in passenger traffic and the imposition of government restrictions in service and could have a material adverse impact on the airline industry.
”

I would bet the company’s position is that they are not obligated to provide furlough pay.

One could infer the same meaning.

so really anything is beyond the company’s control. With that statement there would never be a time they would have to pay. I mean just a simple downturn in the economy would be beyond the company’s control. Really any reason to furlough is.

okay let’s ask this the other way around. Let’s list some examples when they company would have to pay.

Say they got a really sweet offer from airline “x” for 15 320’s. They take it and make some cash on the deal. Now they have to furlough crews because they are over staffed. That would do it. But you may as well look for unicorns to get furlough pay. Not many circumstances that could force that

It is interesting to see how quickly politics is thrown into the mix. This statement is right up there with “guns don’t kill people”. I’m pretty sure that none of us have PhDs in science (or political science for that matter). It would serve us better to leave this type of blame game philosophy out of arguments.

It probably would also be better for theists to stop writing legal matter since “an act of god” only applies to them.

How is his statement wrong though?

I don't have a PhD, so I don't get an opinion.

Sometimes I wear a really clean lab coat just so I can be awed by my underlings.

Plane Coffee

I wonder about the guys and gals who keep trying to shutdown commentary because pilots aren’t experts in <insert subject here>. It must be awfully quiet on their flight decks save for airplane conversations.

Some of the biggest morons I've ever met had PhD's. Not to mention one professor that was an open anti semite and another that would bash the United States every lecture. Taught me a valuable lesson. Made me want to scrape my skin off after every class.

Plane Coffee

Professors are as weird as they come. I have a few that live in my neighborhood. Every HOA meeting they make stupid liberal comments. It’s like there just pandering to impress people.

It's very important for academics to parrot each other properly and never challenge each other's 'findings'.

That way they can keep their government subsidized gravy train rolling.

Plane Coffee

https://www.nationalreview.com/corne...s-in-disgrace/

The PhD that destroyed the world economy

and the chica that forced his resignation:

https://www.telegraph.co.uk/news/202...igns-breaking/