 Practical Investment Analysis for the New Energy EconomyGet Paid as Spirit Airlines Goes Belly UpJeff Siegel | Nov 22, 2024 Spirit Airlines stock took a nasty hit after the company announced it was filing for bankruptcy. The economy airline was known as a “no-frills” airline. But it was also known to be quite a shit show for travelers.
Indeed, you could get a pretty cheap flight on Spirit, but the company nickel and dimed you on everything. And despite a lot of folks pinching pennies these days, Spirit had a horrible reputation. It actually had one of the worst “on-time” performances in the industry, as well as extremely high cancellation rates. To be honest, I’m surprised it lasted as long as it did. Of course, the bar was never set that high. Air travel in the U.S. is generally abysmal compared to some of the more successful foreign carriers. If the U.S. allowed foreign carriers to operate domestically, I actually believe nearly every single U.S. airline would be out of business within five years. I say this because I’ve traveled quite extensively in other parts of the world. And my experiences on Emirates, Bangkok Airways, Air France, and Singapore Airlines make most U.S. carriers look like they’re running rickshaws and rowboats. To clarify, most foreign airlines cannot operate within the U.S. because of cabotage laws. The government claims these laws exist to serve as national security measures. But really, it’s about keeping out the competition. After all, it’s not as if anyone in the U.S. would be rushing out to fly Air North Korea or Afghanistan Air, if such operations existed. But I digress. The point is, it’s already hard enough for most domestic airlines to make a buck. Forcing travelers to slum it certainly didn’t give Spirit Airlines stock a bullish glow. Of course, there is a silver lining here. Collect Passive AI Income Every 90 Days
Tech giants like Amazon, Google, and OpenAI are paying BILLIONS to access this critical AI tech. How to Cash in on the Spirit Airlines Stock Disaster One man’s loss is another man’s gain. And certainly this holds true with Spirit Airlines stock. According to a recent research note from Deutsche Bank, JetBlue (NASDAQ: JBLU) and Frontier (NASDAQ: ULCC) are in an excellent position to benefit from the demise of Spirit.
After reviewing that overlap, JetBlue and Frontier look the most attractive based on what’s known as an “available-seat-mile” basis. Of course, investing in airlines is not something I’ve done much in my life. Aside from making a few trades on Southwest (NYSE: LUV) and JetBlue many years ago, as a long-term investment, I never really liked the risk vs. reward scenario. In other words, there were just better opportunities to make a quick buck. And I still believe that today. In fact, it’s one of the reasons I’m so bullish on this new bitcoin loophole strategy that’s already allowed us to score gains in excess of 6,700%. If you’re unfamiliar, this opportunity allows you to tap into the meteoric growth of bitcoin without actually having to own any of it. Based on recent returns, this is the kind of thing that can turn $5,000 into more than $348,200. And if you don’t believe it, just look at the evidence for yourself. While you can always make a few bucks by trading airline stocks, you can make a lot more money, and over a much longer period of time with this bitcoin loophole strategy has already delivered quadruple-digit gains. To a new way of life and a new generation of wealth...
Jeff Siegel Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's page. Want to hear more from Jeff? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on.
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