Spirit Airlines: Overlook Recent Hiccups
The Delta variant has slightly dented travel demand, but the airline stocks have fallen up to 40% from the recent highs. (SAVE) hasn't helped their case with systems troubles causing the cancellation of thousands of flights. My investment thesis remains very Bullish on this stock following this dip as air travel demand remains on track for a full recovery.
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Update - August 29
TSA traffic has definitely dipped, but Sat. traffic was still 77% of 2019 levels despite Delta variant fears and Hurricane Ida. If this is the worst traffic gets, Spirit Airlines is an easy buy down in the low-$20s.8/28/2021 1,511,294, 77.3%8/21/2021 1,685,462, 82.6%8/14/2021 1,811,767, 83.4%