Low cost airlines continue to increase their market share as consumers seek out more economical means of transport. Spirit Airlines (NASDAQ: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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