Spirit Airlines Inc (NYSE:SAVE)
$ 3.85 -0.21 (-5.17%) Market Cap: 421.58 Mil Enterprise Value: 6.75 Bil PE Ratio: 0 PB Ratio: 0.42 GF Score: 57/100

Spirit Airlines Inc at Raymond James Institutional Investors Conference Transcript

Mar 03, 2020 / 09:00PM GMT
Release Date Price: $25.23 (-7.48%)
Savanthi Nipunika Syth
Raymond James & Associates, Inc., Research Division - Airlines Analyst

All right. Good afternoon, everybody, and thanks for joining. We have Spirit up next. Spirit really pioneered the ultra-low-cost model here in the U.S. and really demonstrated a highly profitable model in conserving the very price-sensitive traveler with a much lower cost structure than its competitors, and in kind of recent years, what you've seen Spirit do is kind of make changes to its network and operations and has really improved on-time performance and customer experience while maintaining its cost advantage. And also, as you look, they've been making investments in their systems, and you're just kind of seeing the early stages of this kind of merchandising capability which we're quite excited for.

Clearly, we have a lot of different topics here to cover today, but we're excited about the kind of the runway for earnings and capacity growth at Spirit. And I'm very excited to have with us here today, Ted Christie, Spirit CEO, to present more on the story, and I'll turn it over to Ted.

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