Spirit of NKS
10-14-2011 | 06:13 AM
#2961
Gets Weekends Off
Joined: Apr 2008
Posts: 127
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From: A320 gear monkey
All I heard is that airbus FTD is backed up...
10-14-2011 | 12:18 PM
#2963
Gets Weekends Off
Joined: Oct 2006
Posts: 1,001
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Its just business
Looking @ this article, it seems Spirit wins the award for best run airline in terms of a business in 2Q2011.
Lowest CASM in the industry (9.7 cents)
Lowest CASM ex fuel in the industry (5.41 cents)
Highest profit growth in the industry (69%, $10M -> $16.9M)
Spirit also has the 3rd highest load factor (85.9%) coupled with the 2nd highest growth (27.3% increase in ASM's), so clearly there are still plenty of folks who choose to forgo premium service for lower costs.
Lowest CASM in the industry (9.7 cents)
Lowest CASM ex fuel in the industry (5.41 cents)
Highest profit growth in the industry (69%, $10M -> $16.9M)
Spirit also has the 3rd highest load factor (85.9%) coupled with the 2nd highest growth (27.3% increase in ASM's), so clearly there are still plenty of folks who choose to forgo premium service for lower costs.
10-15-2011 | 06:54 AM
#2964
Gets Weekends Off
Joined: Jul 2008
Posts: 163
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From: A320 CA
We made the cover of the November issue of Airways magazine. Article starts on page 20.
10-16-2011 | 06:57 AM
#2965
Gets Weekends Off
Joined: Aug 2011
Posts: 338
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From: Seated
I don't know much about how the stock market works. But it appears that spirit stock is going up because someone is buying it up. Hostile take over anyone?
10-16-2011 | 08:36 AM
#2966
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Joined: Jun 2008
Posts: 647
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"Now trading around $11.49, Spirit Airlines has declined even more, as the initial public offering was originally projected to be as high as $16 a share. Recent numbers for Spirit Airlines are all red: down more than 8 percent for the week. Spirit Airlines is trading well below its 20, 50 and 200 day moving averages. There is a short float of 4.30 percent. Insider transactions are a negative 92.94 percent. This is most likely insiders cashing out from the initial public offering.
As an ultra discount airline, Spirit has very thin margins, in every meaning of the word. The average fare is only $82, according to Dow Jones. Fee income provides a huge portion of earnings. This translates into an operating margin or about 11 percent and a profit margin of about 10 percent This results in Spirit Airlines flying through its cash. In only one year, 2009, did it have any amount of free cash flow."
I don't know very much about finance either but are the investors dumping all the stocks??
As an ultra discount airline, Spirit has very thin margins, in every meaning of the word. The average fare is only $82, according to Dow Jones. Fee income provides a huge portion of earnings. This translates into an operating margin or about 11 percent and a profit margin of about 10 percent This results in Spirit Airlines flying through its cash. In only one year, 2009, did it have any amount of free cash flow."
I don't know very much about finance either but are the investors dumping all the stocks??
10-16-2011 | 08:48 AM
#2967
Gets Weekends Off
Joined: Dec 2010
Posts: 211
Likes: 0
From: A320 Capt
Where did that come from? The last trade on Yahoo Finance shows $15.63....
10-16-2011 | 09:00 AM
#2968
Line Holder
Joined: Feb 2007
Posts: 949
Likes: 1
From: A320 CA
Most of the big players that received stock in the IPO got restricted shares...they can't be sold for a period of time to protect the stock itself.
10-16-2011 | 11:19 AM
#2969
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Joined: Apr 2008
Posts: 184
Likes: 0
From: A320 CA
We'll all know more once the Q3 2011 results come out. They will be available on 10/27/2011 at 1300 Eastern from the SEC or through your brokerage. Personally, I wouldn't EVER buy airline stock, however I do wish we would have negotiated some in our contract. I would have dumped it once the technicals looked as though it was topping out near a possible 52 week high and moved the money into some quality stock and ETF's.
10-16-2011 | 11:51 AM
#2970
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Joined: Jun 2008
Posts: 647
Likes: 0
This article was dated September 27th, 2011. Here is the link:
Spirit Airlines is Flying Above other Small Cap Airlines (SAVE, JBLU & AMR) : Small Stocks Radar
Spirit Airlines is Flying Above other Small Cap Airlines (SAVE, JBLU & AMR) : Small Stocks Radar
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