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Spirit Airlines (SAVE) provides low-fare airline services.
It operates approximately 200 daily flights to 52 destinations in the United States, Latin America, and the Caribbean.
As of December 31, 2012, the company had a fleet of 45 Airbus single-aisle aircraft, consisting of 27 A319s, 16 A320s, and 2 A321s. As of December 31, 2012, its route network included 110 markets served by 52 airports throughout North America, Central America, South America and the Caribbean.
As of December 31, 2012, Ft. Lauderdale/Hollywood International Airport (FLL) remained its airport served, with over 20% of its capacity operating to or from FLL.
During the year ended December 31, 2012, it operated international service to Aruba, the Bahamas, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.
On October 30, it reported quarterly results that beat the estimates. Shares have formed a bullish "flag" and higher share prices are expected for this stock.
52-Week Trading Range: $15.64 - $46.40
Entry Point: $44.00
Stop Loss: $41.80
Target Price: $48.40
We are closing SAVE position after its 30-day expired without reaching our target price.
