Low cost airlines continue to increase their market share as consumers seek out more economical means of transport. Spirit Airlines (SAVE) currently offers the lowest base cost air travel in the US which provides a significant platform for earnings growth in the current market. Despite challenging margins, the market is currently undervaluing this high cash generating business by 35%.
SAVE offers ultra-low base fares with a range of optional services for a fee allowing customers to choose extras they find the most valuable. SAVE currently operates flights in the US, Latin America and Caribbean covering 125 markets with a 50 strong fleet of Airbus planes. Not only does SAVE offer the cheapest flights, it burns less fuel per...
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