TicketP1

Yep...looks like SAVE is on sale today

Lobaeux

Buy on the dip, I picked up a few more shares.

Patroni

Correct, flew with someone this morning who was over 30/7. told to fly it and then grieve it.

UncleVito

Interesting...

12 D. Scheduled Weekly, Monthly, and Yearly Limitations
The Company may not schedule, nor may any pilot accept, an assignment for duty aloft that will exceed:

3. 30 hours in any seven consecutive calendar days

Sounds cut and dry. Oh, wait, that section is for "all scheduled domestic service", what if it's international????? How about international dispatched under domestic rules? Screw it - too many moving parts.

Patroni

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???

JoeyMeatballs

This is concerning.

management has always said we are "too small" and nobody bothers us blah blah, unfortunately looks like that's changing.

http://m.barrons.com/articles/BL-SWB-39314

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.

Left Handed

Hahahahaha!
"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.

Left Handed

I believe we can win a fare war unless a major is willing to hemorrhage to push us back. That said, we need some sort of distraction to keep eyes off us. Once the majors decide that we are a problem, it will be a fight.

Lobaeux

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.

DeadStick

I agree. If I were an RJ captain I'd think long and hard about halving my salary to come to Spirit. If the Big 3 are your objective, there are several far more constructive ways to make yourself a more attractive candidate than simply becoming an Airbus FO at Spirit:

• Become a Line Check Airman
• Become an Instructor Pilot
• Accept a union/company safety position
• Remain active in both OBAP/WAI

But if Spirit is your dream, than by all means...