- Spirit Airlines shareholders are glad to see 2015 end.
- The airline is set for better traffic metrics in 2016 due to reduced capacity growth.
- The stock is highly attractive at extreme lows compared to the long-term growth rate.
My investment thesis on Spirit Airlines (NASDAQ:SAVE) for a while now is that the airline caused self-inflicted wounds by growing capacity too fast. The stock is currently trading near multi-year lows, down roughly 50% from all-time highs.
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