Spirit Airlines: Poised To Survive [Seeking Alpha]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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US:NASDAQ Investor Relations:
ir.spirit.com
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Source: Seeking Alpha
SummarySpirit Airlines is now positioned to survive after finally obtaining government aid.The airline has the cost structure to survive in a competitor fare environment.The stock continues making higher lows in a bullish sign while still trading 70% below yearly highs.As the airlines started announcing financial aid from the U.S. Treasury, one airline was particularly absent from the majority of discussions.SAVEinvestment thesisImage Source: Spirit Airlines websiteTreasury GrantsSpirit Airlines was thelast of the major airlinesAs part of taking government assistance, the government required Spirit Airlines andJetBlue AirwaysJBLUmaintain serviceRegardless, Spirit will use the $330 million from the U.S. Treasury to cover payroll costs. The amount doesn't appear to match the $221 million per quarter in payroll costs and is apparently over $100 million short of the $442 million spent during a six-month period on employees.The airline doesn't have to repay 70% of the grant, but the govern
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