After Spirit shares slide 10% following the downgraded 2015 forecast it is worth noting that this airline is undervalued: Spirit Airlines revenue passenger miles (RPMs) increased 28.5% year-on-year to 1.4 billion for 2014/15. To put that into perspective – Southwest Airlines increased RPMs by 8.6% to 9.9 billion, JetBlue Airways saw RPMs rise by 9% year on year while the US majors, Delta and United saw RPMs increase by 1.8% and 0.4% respectively while American saw RPMs go down by 0.3% year on year for 2014-15. As another measure of Spirit’s rapid expansion available seat miles (ASMs) increased by 31%
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