This Airline Outperformed the Industry During November
After reading the November traffic results from the major legacy airlines, one would've assumed that the month was a throwaway for all airlines. The timing of the Thanksgiving holiday pushed passenger return traffic into December. All of the major airlines reported declining load factors, with Delta Air Lines (NYSE: DAL ) and US Airways, now part of American Airlines Group (NASDAQ: AAL ) , blaming the late Thanksgiving and proclaiming that December will be strong.
But, along came Spirit Airlines (NASDAQ: SAVE ) with some surprisingly positive numbers. The company did note a small decline in load factor, but the other traffic totals suggest that November was a normal month to the airline.
Read the full article here.
Disclosure: Long AAL. Please review the disclaimer page for more details.