2024-04-10 03:42:54 ET
Summary
- Spirit Airlines' stock valuation and price have been greatly impacted by the blocked merger with JetBlue.
- Despite this, there is potential for investment in Spirit Airlines due to the increasingly favorable market conditions.
- Airfare prices are increasing while the management team is focused on efficiency and profitability over growth.
Introduction
Throughout 2023, I have been bullish on Spirit Airlines ( SAVE ). The primary reason behind this thesis was that I thought it was likely that the merger with JetBlue Airways ( JBLU ) was going to be approved by the court. The argument these companies were making relative to the Department of Justice, DOJ, seemed stronger to me. However, this was not the case. The merger was not approved by the court and Spirit Airline's stock, as a result, saw a significant decline....
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For further details see:
Spirit Airlines: Beyond Merger, Turnaround Potential Exists