This article kind of sums up my thoughts:Still sitting on my cash waiting for a bigger drop.
Thoughts on SAVE?
https://seekingalpha.com/article/4337443-spirit-airlines-debt-and-volatility-push-me-away
It's risky as fukk. And probably no.
We have to see how much bread they got from the US gov.
They certainly have a proven business model, but I don't see how they rebound quickly in this climate, without declaring bk or taking on some heavy loans.
Also it's important to note, damn near every airline is going be offering dirt cheap prices, just to rebuild brand loyalty, have revenue and get butts in those seats...
Who the fukk would take spirit over delta.
It's better to invest in the people who lease these planes to airlines(AER).