Seeking Alpha

Spirit Airlines (SAVE +8.2%) is raised to Outperform by Raymond James, which thinks worries...

Spirit Airlines (SAVE +8.2%) is raised to Outperform by Raymond James, which thinks worries about the impact of Hurricane Sandy are overblown and that Street estimates are now more reasonable. The firm likes SAVE’s strategy of entering high density markets controlled by legacy carriers, and using its lower cost structure to cut average fares by ~25% while realizing a ~13% operating margin.
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