Spirit Contract Now

It's interesting that if you look at the stock over the last few years it seems to drop a lot in late summer to early fall and rise again in winter and spring. I'm sure interested to see what happens moving forward from here though. If somehow it drops another $5-10 bucks what could that mean for the future of the company? Maybe it will make them cheap enough to be acquired by one of the larger carriers.
 
Box hauler said:
It's interesting that if you look at the stock over the last few years it seems to drop a lot in late summer to early fall and rise again in winter and spring. I'm sure interested to see what happens moving forward from here though. If somehow it drops another $5-10 bucks what could that mean for the future of the company? Maybe it will make them cheap enough to be acquired by one of the larger carriers.
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It's already a fairly cheap airline at $2.5b. That's is pretty small capitalization. They have $1b in cash and generate income of around $350m a year with another 75% expansion coming in thru 2021. You could reasonably expect annual profits in the $500-$600m range by then. I dunno. I guess the market is really concerned about a strike which is a definite possibility but even if management gives them a nice raise they will still be the lowest cost operator out there maybe slightly behind Allegiant but only barely and they don't really compete with them.
 
wheelsup said:
It's already a fairly cheap airline at $2.5b. That's is pretty small capitalization. They have $1b in cash and generate income of around $350m a year with another 75% expansion coming in thru 2021. You could reasonably expect annual profits in the $500-$600m range by then. I dunno. I guess the market is really concerned about a strike which is a definite possibility but even if management gives them a nice raise they will still be the lowest cost operator out there maybe slightly behind Allegiant but only barely and they don't really compete with them.
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Keep in mind that they actually struck in recent memory and market analysts suck at understanding the inner workings of the RLA. All they see is, oh... we've been here before.
 
They have to be released to strike, correct?


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BobDDuck said:
Keep in mind that they actually struck in recent memory and market analysts suck at understanding the inner workings of the RLA. All they see is, oh... we've been here before.
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That thought went through my mind.

It's on the move today, I have a really bad habit of always selling at the bottom, so you're welcome guys.
 
wheelsup said:
That thought went through my mind.

It's on the move today, I have a really bad habit of always selling at the bottom, so you're welcome guys.
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I missed the bottom when I bought.. I should have bought more yesterday and sold today.. But hindsight is always 20/20, I'm no day trader. This is a six months to a year deal for me. It's still possible we'll see another drop when the strike vote comes in.
 
One more negotiating session with the NMB the first week of September and the NMB wants us to reach an agreement in principle by then. I'm pretty new to the whole mediation thing but what typically happens after that if we have not agreed to a TA? Do they usually keep adding dates as needed? Even though the last day of negotiations is also the last day of the strike vote I can't imagine that we get realeased.
 
Box hauler said:
One more negotiating session with the NMB the first week of September and the NMB wants us to reach an agreement in principle by then. I'm pretty new to the whole mediation thing but what typically happens after that if we have not agreed to a TA? Do they usually keep adding dates as needed? Even though the last day of negotiations is also the last day of the strike vote I can't imagine that we get realeased.
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Maybe another year or two if it goes all the way to a strike...
 
Box hauler said:
Even though the last day of negotiations is also the last day of the strike vote I can't imagine that we get realeased.
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To get released the NMB would need an impact statement from the DOT. I suppose they could have done one already, but a combination of whom the chair is and the general dysfunction in DC right now makes that a long shot.
 
@Nark if you're still offering your helo to take out that Iranian drone, can you divert it? there about 40 flight crew here in Houston that would love to have a vertrep - We're almost out of beer at the layover hotel- we tried to hoof it on foot for a beer resupply yesterday and it was a mob scene at the only open gas station we found. Tempers were flaring and it was a every man for themself type mentality. So We're thinking maybe a week at the earliest before we'll get a beer resupply via land. So any beer you can drop we'd appreciate it... Lol
 
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