Photo: By iamos on flickr
Spirit Airlines probably has “the most dense seating configuration of any US airline.”This may not make you rush out to buy a ticket on Spirit, but it’s a good reason to buy stock, according to Deutsche Bank which initiated coverage with a buy rating.
Spirit is also “the most progressive/aggressive in unbundling revenue resulting in capturing more ancillary revenue per passenger than any other airline.”
Also impressive is that, unlike all other US airlines, Spirit has no on-balance sheet debt as its entire fleet is leased.
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