Skip to main content

Market Overview

Tilson After Buying Spirit Airlines Stock: I Flew Airline And Here's What Happened

Tilson After Buying Spirit Airlines Stock: I Flew Airline And Here's What Happened
  • Whitney Tilson, founder and Managing Partner of Kase Capital Management, recently disclosed a new stake in Spirit Airlines Incorporated (NASDAQ: SAVE).
  • To better understand how the company where he put his money down works, he decided to travel in its planes this week.
  • On Thursday, he published an article on SeekingAlpha sharing his experience and impressions.

Given Spirit Airlines' well-known customer service problems, Tilson feared the worst when he was about to board his first Spirit flight on Tuesday. However, he was "very, very pleasantly surprised by every aspect" of his experience. Moreover, his impression was that the other passengers (about 300) in his two flights had similar experiences.

Related Link: Whitney Tilson Names Spirit Airlines Favorite Long Idea, Wayfair Top Short

Of course, investors should notice this was just one anecdote "and the plural of anecdote isn't data," he said. However, what Tilson observed overall "in particular, the customers Spirit serves, how it's handling potential areas of customer dissatisfaction, and how it both generates extra revenues and keeps costs low" make him increasingly bullish on the future of Spirit Airlines.

Furthermore, even though the stock gained roughly 20 percent since his first article was published three weeks ago, the shares remain "exceptionally cheap at ~10x earnings."

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Latest Ratings for SAVE

Feb 2021Deutsche BankUpgradesHoldBuy
Feb 2021Credit SuisseMaintainsUnderperform
Feb 2021Seaport GlobalDowngradesBuyNeutral

View More Analyst Ratings for SAVE
View the Latest Analyst Ratings


Related Articles (SAVE)

View Comments and Join the Discussion!

Posted-In: Kase Capital Management SeekingAlpha Whitney TilsonAnalyst Color Analyst Ratings Best of Benzinga

Latest Ratings

FSRMorgan StanleyMaintains40.0
MEDDA DavidsonMaintains302.0
VICRBWS FinancialMaintains120.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at