An improving economy, coupled with a pricing structure that allows it to offer the lowest prices in the industry, is good news for Spirit Airlines (NASDAQ:SAVE). Another thing to love about Spirit is its negligible debt, with the company boasting a net cash position of nearly $530 million. Its "ultra low price" selling point helped the company easily beat market expectations last quarter. Assuming fliers continue to find value in Spirit's "cheap" business model, I don't see the airline having an issue continuing to outperform the market.
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Spirit is already up nearly 30% year-to-date, against an S&P 500 that's flat, thanks to an impressive fourth quarter. 4Q earnings came in at $0.56 a share, compared...
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