Earnings call
 

Missed the first 50 min. Cliffs notes?

what heard for the last few questions was:

bookings picking up faster than expected but still very low

expect leisure traveler to be the majority or recovery

in talks with airbus to slow deliveries.

It sounded like the government is returning tax monies paid with a five year look back in actual cash instead of eight offs. That is worth. About $200M in cash for Spirit this year.

cal recording isn’t up yet but I’d be interested in knowing the details or this. The how and the why? Is it part of the cares act?

4 million cash burn per day “which is the trough, with flexibility on that number coming after September 30th” -Scott

June schedules will be down about 90%

they are expecting leisure market to come back first before business travel and long haul

they are in negotiations with airbus now to reduce late 2020 and early 2021 delivery’s by roughly 40%

might be getting the number off a little but 24-29 aircraft that are on property now are off lease and come sept 1 those would be the first to get cut if they need to right size the airline which would be about 20%. Mostly 319 and I think 4 320s

management says they are playing it conservative with adding capacity back. They want to see demand then they will rebuild schedules. No telling when that will be but they alluded to late June-July bookings being a good indicator for the future as things start to open back up

they are seeing bookings closer to departure which could be a good sign for things coming back moving forward

lots of financial jargon that my poor airline pilot brain couldn’t understand but there was lots of talks about how they did/are reducing costs and securing future cash to weather the storm. Some 70ish million loss in the quarter overall

https://www.cnn.com/2020/05/07/busin...ses/index.html

58.9 million in losses last quarter

The infamous May 2017 meltdown and a couple hurricanes were about $35 mil each do $59M doesn’t sound that bad but March was the only month. Q2 will be much worth if expect but that should be baked into the stock I’d assume at this point.

They're busy baking 12 million more shares of SAVE to offer to the public right now!

a few news articles reporting:

"in discussions with Airbus to defer some of our 2020 and 2021 aircraft deliveries," says CFO Scott Haralson.

The crisis may create some opportunities in “constrained markets," says Spirit CEO Christie.

“We expect the demand for travel in the summer to rebound a bit but still be significantly below last year," says Spirit commercial chief Matt Klein.

quarterly loss wider than analysts' expectations.

Just did my part. Grabbed 6K shares at 9.80. Should be pretty much the low water mark. Time to get back to work and take mofos to the beach.

Vegas casinos and Disney are critical imo

Bought at $10 myself

Totally. It sounds like at least Vegas is nearing an end to the shutdowns, and the casinos largely have their distancing plans in place. Hopefully Jersey lets ACY open up soon, but I doubt it. Read Disney plans to open at 30% of max.

What price will the 150 million shares be offered at?

It was 12 million shares, and I’m not sure. The $150 million you’re referring to were convertibles (think preferred-shares). What the yield is, if any, I have no clue.

Preposition at the end of a sentence....don’t.

Well, dayuuuum...10.83 after hours. Up $6K thus far. I’ll prob start to trim about $14. Not bad for the mustard bus.

I also have been riding the wavy and its a thing of beauty. Wish the market was always this easy lol.

Ever hear the joke about the Texas A&M Aggie at Harvard yard?

“I just dropped 60k on a Thursday” sounds like a pretty strong humble brag.

Offered at what price the 12 million shares? :D

What price will the 150 million shares be offered at, *********? ;)

That is the sort of English up with which I will not put.

I bought at 8 a few weeks ago and Sol’s at 17. I don’t think you're gonna see anything above that for quite sometime.

It was at $10.00 per share. and it wasn’t 150 million shares issued. There were 68million shares outstanding. They raised $175million by issuing shares at $10.00. So that would be 17.5million shares.

You don’t think you’ll see above what? The 9.80 or the 17.00? Congrats of the double up!

Bought at market close today. 1,150 shares. Make be proud boys :)

https://i.postimg.cc/zGYzgqGX/BDA85-...-EBAD91-D9.jpg

Fellow E*Trade trader... 👍👍👍👍

why is your screen so dirty 😂

Practicing his flows probably. Remember to jam your fingers into the engine parameters during a normal start with a new FO.

LOL :D
I snapped a pic of my desktop monitor. Kids eat food at this computer and get their prints all over the screen when they touch the next thing they want to see on youtube kids. :o

damn, I was hoping you just finished wrenching on your 69’ Camaro or something cool like that haha.

'17 E300. Gotta put in the engine air filter.

https://i.postimg.cc/4x5NpjMC/9-BBF7...17-CA32596.jpg

You've publicly lost $900 this morning.
Not a loss unless you sell, amirite?

this post aged well

Hahahahahaha. I just bought more today. It'll come back.

Is that what you do, buy a stock and start mourning the next day? You know you can hold a stock for longer than one day right?

Scared money don't make money

Classic. A thread with airline pilots investing......in airlines lol. This ought to be fun to watch.

Will somebody explain buying shares in a lot of nineteen? I don’t really get that. I mean odd lots are funny enough, but this is not only small, it’s a prime number...


For that matter, so is thirty-one....

Why did you make multiple transactions to buy shares at the same price (fraction of a penny difference)?

$1,300 loss in 2 days.. :-/