Spirit Airlines: Good Days Are Back

 

  • Spirit Airlines forecast strong financial targets for Q2/Q3.
  • The airline is poised to grow the fleet by a 15% CAGR going forward.
  • The stock is cheap at $37 as EPS targets start pointing toward $4-plus.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
Despite U.S. airline traffic only recently topping 50% of 2019 levels, Spirit Airlines (SAVE) already is back to operating close to normal. As yields rise, the airline will start generating solid profits in the next few quarters. My investment thesis remains very bullish on Spirit Airlines as the stock is poised to return to previous highs.

Read the full article on Seeking Alpha. 

Disclosure: Long SAVE. Please review the disclaimer page for more details. 

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