Spirit of NKS
07-14-2015 | 08:45 AM
Gets Weekends Off
Joined: Jan 2008
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From: 319/320/321...whatever it takes.
In other news, the company announced revised earning estimates for the quarter and year, citing "adverse weather" as the cause.
Spirit Airlines shares plunge 5% after adverse weather dampens earnings By Investing.com
Spirit Airlines shares plunge 5% after adverse weather dampens earnings By Investing.com
"Due to the sheer volume of flights affected, we were unable to flex up our staffing levels enough to mitigate the impact of crews being displaced or timing out, which lengthened the span of the irregular operation and the time it took to restore our system to normal,"
How bout this little gem-
In June, the company said the U.S. domestic pricing environment softened due to competitor pricing level, a move which further tamped down on its earnings.
I hope Mgmt sees the writing on the wall. Once they lose the cost advantage, they will need to treat people (customers and us) better, or the company will suffer. Not that the business model will, but if a customer can choose better service for the same price, they will every time.
07-14-2015 | 08:50 AM
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From: 319/320/321...whatever it takes.
This is concerning.
management has always said we are "too small" and nobody bothers us blah blah, unfortunately looks like that's changing.
Spirit Airlines: When Will You Ever Learn - Stocks to Watch - Barrons.com
By Ben Levisohn
Spirit Airlines (SAVE) provided a dismal second-quarter update today. That’s cratered its own stock but those of other airlines, including Delta Air Lines (DAL), United Continental (UAL), American Airlines (AAL), and JetBlue Airways (JBLU) have remained immune. Cowen’s Helane Becker and team note that “growth for growth’s sake will not be rewarded in this environment,” something Spirit doesn’t appear to have learned yet:
4Q15 Capacity Increase is Baffling…Management is increasing capacity in an environment of weakening prices, which seems aggressive, and we suspect the market will react negatively to this growth. Spirit has long thought of itself as too small to be noticed and too different to matter. The industry has been more aggressive in responding to Spirit’s capacity additions. It will be interesting to see how management responds in 2016 as the expectation is for +20% capacity growth.
Citigroup’s Stephen Trent and Kevin Kaznica cut Spirit to Neutral from Buy:
We reduce our estimates for Spirit Airlines and downgrade the shares from Buy to Neutral. Spirit has enjoyed strong, long-term share price appreciation. However, the shares have also come under pressure this year due to a previous guidance reduction. We believe that Spirit’s weaker, near-term stock price performance at least somewhat protects the carrier from a more negative investment opinion. Our 12M target price for Spirit Airlines declines from $93 to $70/share.
Shares of Spirit Airlines have fallen 8.4% to $58.28 at 11:35 a.m. today, while United Continental has dipped 0.1% to $56.33, Delta Air Lines has risen 0.7% to $43.69, and American Airlines is little changed at $42.43. JetBlue has gained 1.5% to $22.33 after releasing its own traffic update.
management has always said we are "too small" and nobody bothers us blah blah, unfortunately looks like that's changing.
Spirit Airlines: When Will You Ever Learn - Stocks to Watch - Barrons.com
By Ben Levisohn
Spirit Airlines (SAVE) provided a dismal second-quarter update today. That’s cratered its own stock but those of other airlines, including Delta Air Lines (DAL), United Continental (UAL), American Airlines (AAL), and JetBlue Airways (JBLU) have remained immune. Cowen’s Helane Becker and team note that “growth for growth’s sake will not be rewarded in this environment,” something Spirit doesn’t appear to have learned yet:
4Q15 Capacity Increase is Baffling…Management is increasing capacity in an environment of weakening prices, which seems aggressive, and we suspect the market will react negatively to this growth. Spirit has long thought of itself as too small to be noticed and too different to matter. The industry has been more aggressive in responding to Spirit’s capacity additions. It will be interesting to see how management responds in 2016 as the expectation is for +20% capacity growth.
Citigroup’s Stephen Trent and Kevin Kaznica cut Spirit to Neutral from Buy:
We reduce our estimates for Spirit Airlines and downgrade the shares from Buy to Neutral. Spirit has enjoyed strong, long-term share price appreciation. However, the shares have also come under pressure this year due to a previous guidance reduction. We believe that Spirit’s weaker, near-term stock price performance at least somewhat protects the carrier from a more negative investment opinion. Our 12M target price for Spirit Airlines declines from $93 to $70/share.
Shares of Spirit Airlines have fallen 8.4% to $58.28 at 11:35 a.m. today, while United Continental has dipped 0.1% to $56.33, Delta Air Lines has risen 0.7% to $43.69, and American Airlines is little changed at $42.43. JetBlue has gained 1.5% to $22.33 after releasing its own traffic update.
07-14-2015 | 08:53 AM
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Joined: Dec 2009
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From: Airplane
Analysts rating of companies are important, but they are generally useless. Since there is no real measurement or ranking of stock analysts, it's hard to track the performance of analysts.
All one has to do is look at the analysts that cover Apple.
That being said, our capacity increase is due to growth, it's not due to bringing aircraft into the system that have been taken out. That's one thing the analysts fail to realize. If Delta parks some planes and decreases capacity, then brings those aircraft back in to increase capacity, that's different than what Spirit is doing.
But, I really like the statement "management is increasing capacity in an environment of weakening prices, which seems aggressive, and we suspect the market will react negatively to this growth". This statement right there tells me they do not understand the dynamics of growing airlines and are comparing apples to oranges.
All one has to do is look at the analysts that cover Apple.
That being said, our capacity increase is due to growth, it's not due to bringing aircraft into the system that have been taken out. That's one thing the analysts fail to realize. If Delta parks some planes and decreases capacity, then brings those aircraft back in to increase capacity, that's different than what Spirit is doing.
But, I really like the statement "management is increasing capacity in an environment of weakening prices, which seems aggressive, and we suspect the market will react negatively to this growth". This statement right there tells me they do not understand the dynamics of growing airlines and are comparing apples to oranges.
07-14-2015 | 09:02 AM
Line Holder
Joined: Jul 2007
Posts: 637
Likes: 3
- Become a Line Check Airman
- Become an Instructor Pilot
- Accept a union/company safety position
- Remain active in both OBAP/WAI
07-14-2015 | 09:30 AM
Line Holder
Joined: Feb 2014
Posts: 590
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The stock has been going down for the last 3 months... Spirit is positioning itself for Frontier buy out..
I kid I kid
I kid I kid
07-14-2015 | 10:04 AM
Gets Weekends Off
Joined: Jun 2010
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07-14-2015 | 10:11 AM
Line Holder
Joined: Feb 2015
Posts: 39
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From: A320 CA
Where do they come up with this stuff!!!
UNBUNDLE & UNBUNDLE | How much money could you save if you unbundled your plane ticket?
UNBUNDLE & UNBUNDLE | How much money could you save if you unbundled your plane ticket?
07-14-2015 | 10:11 AM
Line Holder
Joined: Jun 2006
Posts: 1,600
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07-14-2015 | 10:32 AM
New Hire
Joined: Jan 2015
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You think we could beat American in a fare war in DFW? And American would have to hemorrhage to push us back?
They do 800 flights per day out of DFW according to their website we do 30.
07-14-2015 | 12:58 PM
On Reserve
Joined: Jul 2015
Posts: 24
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From: Middle Village, Queens
so he violated the contract by accepting an assignment for duty aloft that will exceed 30 hours in 7 days....I hope he does not get in trouble with the union. You know how they like to enforce the contract, especially not allowing someone accepting more than 5 JA's per year. Do you think they will post a list of pilots who accept an assignment of more than 30 hours aloft in 7 days???
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