Frontier pilot here:

I bought a bunch of SAVE and UAL stock last spring/ summer.

The markers are always moving and always overreacting. If you own spirit stock, hold on to it. Be patient. It'll come back up. Personally, I'm holding very long term. Think about what Spirit could be in 10 or 15 years, and if you like what you imagine, don't sell

Delta variant concerns were priced in a while back by financial institutions. If you're speculating, you may not want to buy. If you're buying to hold, keep buying on the way down and up.

Who else is expecting Spirit to post a slight profit today?

Not a chance.

Best case is profitable for June and beats the estimate of 81 cents a share loss.

Isn’t the ULCC model supposed to be the best in a downturn? At least that’s what I keep hearing from the same guys that tell me CAs are making $300k

Comparing the Covid-19 pandemic to an economic downturn/recession is like apples to oranges.

I’m hoping we’ll show a positive ebitda margin (minus PSP). That’s what their last investor update said at least. And, technically all airlines have shown profits for Q2 thanks to the PSP….

It could be both. ULCC models could lose money along with everyone else in a downturn, just not as much. They could be the first to return to profitablity and be the ones with the biggest growth on the other side.
Remains to be seen.

Stick to flying. You’re pretty sh*tty at trolling.

In his defense a lot of guys on the line make those statements pretty frequently. YMMV.

And it’s true. ULCC will be the first ones back to profitability. Guys on the line should be making these statements, it’s factual. It’s the reason we will be growing the next few years while legacy carriers wait for their business travelers to come back.

The difference between the standard economic downturn and a pandemic driven near economic shutdown is stark. The OP is either trolling or a moron. Neither warrants a defense.

The crewmembers on the line implying that NKS is more resistant to downturns due to its model are correct.

Hopefully it's both/and in the near term. UAL announced 40 new weekly flights to the UK today. Markets are starting to open back up

Did any other airline post a positive ebitda margin?? And, the projected 10-15% for Q3 seems quite bullish, the only other airline that actually published a number for Q3 that I saw was AA (-3 to -7%).

Allegiant just posted a profit exclusive of the PSP.

Thats good stuff, but flying airplanes is only a portion of their operation.

LOL. As much as they love to tout all the BS about being a “Travel Company” their airline is well north of about 95% of all the money they make. It always humored me, when I worked there, how they always acted like the airline was some super small side piece of the operation and just doing it’s cute little thing over here on the side.

When you’re talking about barely breaking even having 5% of you profits coming from not flying airplanes isn’t a small deal.

I don’t really care either way, but we’re strictly an airline.

Well, If it makes any difference the airline portion of the business was the profitable entity. Surprisingly the hotel that’s not complete or the other Mickey Mouse businesses they have weren’t generating as much profit.

A bit of good news. Apparently investors like to see mass cancellations. Our stocked closed up 5% today!

Too bad it's down 2.59% over the last 5 days. I really do hope it goes up, I have some.

Not that it matters, but allegiant makes most of their money on ancillary revenue, and a whopping percentage of that ancillary is kickbacks from customers buying package deals with rental cars, hotel stays, and attraction tickets. Allegiant does actually have a fully functioning travel agency attached to the airline, not just a bunch of annoying pop ups when someone tries to buy tickets.

But you already know that.

Your allegiant hate is getting a little comical. Methinks the lady doth protest too much.

Im not talking about Ancillary Revenue, chief. I’m talking abot “bundling” your hotel/car and whether else. It’s NOT some massive million dollar revenue operation that MG and company claim to be.

According to AR/MEC (between 2016-19) (and the actual quarterly financial statements) anything that didn’t have to do with flying was a very small percentage.

No $hit you make money off checked/carry on bag fees, seat selection etc. aka Ancillary. Again thats not what I’m talking about. I’m talking about “bundling”. I have lots of friends and even family that fly Allegiant out of DSM. I, personally, know of 2 that have ever bought everything at once. It’s more of a convenience feature for the type of Pax that is not travel savvy or just wants ZERO headache.

If I was truly bored I could be price out a Thur-Sun or Fri-Mon to what Ceasars/MGM properties charge vs what your “bundling” costs are. It’s not like these hotels are selling rooms to G4 for $10-20 (where G4 marks them up to $20-30 less than retail). I would be very surprised if there actual revenue for room sold is $20-30.

Yet again, a majority of your revenue generated is plane tickets, checked/carry on baggage fees, seat selection, priority etc.

As little as I gave a $hit about working for G4 I don’t hate. My GF can fly for free as a travel companion. Funny how it is I spent $104 for her CONFIRMED ticket to Houston-Hobby last month. Bought her ticket, carry on and picked her seat. I could have no done jack and just booked her a “free” ticket, yet I didn’t.

As little as I enjoyed G4 I actually do want them to do well in DSM. Many friends/family that do take them.

https://www.foxbusiness.com/markets/...ompany-reports

nice work team

I think they're undervalued at the price. More growth will actually help, as it will increase frequency between city pairs. Buy low, sell high.

Good to hear Spirit say this meltdown wasn’t due to systemic problems. I knew our IT couldn’t be an issue.

Just an observation

When spirit sued their pilots and claimed 8m in losses from the pilots, the mentioned the unspecified “goodwill” lost by the company meltdown. Over and over in the injunction they mentioned the “goodwill” lost of the passengers and the unknown amount of that.

Spirits filing yesterday, not one mention of lost goodwill. 🤔

I think our quid pro quo paid for it

My put order executed despite my long position on the remaining shares that I own.... Fun times for any traders here!

Spirit stock is still down around 50% from its 5-year high. With Spirit (SAVE) at ~$2.49B market cap, NK is rather affordable if someone wants more pilots and A320neos.

Mmmm, not so much as you think. Most of the stock is institutionally owned, and back when every airline stock went down, the BOD incorporated a poison pill provision to ward off hostile takeovers. It could be bought of course for the right price, but a hostile takeover is unlikely.

https://i.ibb.co/Xy9pDcN/0-F32954-B-...05-A9-D5-A.jpg

A merger with Frontier might provide interesting economies of scale though.

So buy?😉

10/char

Never a great idea to buy MUCH stock in your employer - especially in your 401k. You don’t want to creat too much of a single point failure mode for your finances. But with institutional investors owning over 60% of the stock (Vanguard alone holds ~9%) it is clear that the professional stock pickers think its got a decent future.

This rumor is gaining steam at Frontier again

could be. But I did hear Bendo is making an appearance in BWI tomorrow at 9AM. The airport has him listed as giving a speech. Any ideas?


https://m.imgur.com/TVz8MyC

Vanguard is mutual funds and index funds. They don't own SAVE because of any opinions on its future.

Maybe stick to posts that promote wasting our negotiating capital on first year pay and amateur labor law analysis?

Frontier has some weird stuff going on. The closure of the ORD pilot domicile, their recruiting team turned over, odd emails going out and the sick calls threatening stuff. My buddy there says something is going down or the entire management is sniffing something because a lot of things aren’t adding up. Morale is also tanking fast.

He’s installing the new Bendcon Level Indicator in the D terminal as well as manning Ted Christie’s merch table for his recent live album.

Vanguard certainly does have index funds, but they also have lots of actively managed funds and - since index funds pretty much mirror the market - the 9% SAVE stock they own is mostly in the actively managed funds which are managed by people who certainly DO have opinions on what stocks to buy since SAVE certainly isn’t anything remotely approaching 9% of the weight of the S&P 500.

I take it that you are one of the “I had to go through first year pay and so can the newbies.” crowd? Well, that’s fine, everyone is entitled to an opinion. But don’t ignore the first year pay that other carriers are offering and then bemoan the junior (and even junior CA). attrition you are going to get. You want people to stay, you better treat them right.

Have you ever considered a job in management? I think you’d be a good fit fir Mesa.

Vanguard owning 9% of SAVE is not the same as SAVE being 9% of Vanguard's holdings