Spirit Airlines closed today at a price of $50.00 and hit it's 52 week high as well. The stock was up 3.52% and Spirit continues to show strong growth and the future is luminous. Spirit Airlines was up 3.52% today due to their Q4 guide for RASM increased 3% year over year from prior guidance of 2%. RASM standing for revenue per available seat mile. The guides for Q4 CASM( cost per available seat mile) were between 5.98 to 6.03 cents. Guides for the 1st quarter of 2014 are ASMs (available seat per mile) is projected to increase 21.5% year over year as well as ASMs for the year 2014 is now projected to increase 17% year over year.
Spirit is continuing to show positive results and I am extremely pleased that we have it in our portfolio as I only expect it to continue to grow and it's ability to rebound from difficulties such as the harsh cold weather this month show's the company's resilience and strong stability. I would recommend holding ticker SAVE right now as I believe it has more to give and room to prosper.
Guillermo Dilone
Industrial Analyst
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