Spirit Airlines Stock To The Moon..( NASDAQ:SAVE, JBLU )

Spirit Airlines Incorporated(NASDAQ:SAVE) IS the Top Performer In The Airline Industry

Spirit Airlines Incorporated(NASDAQ:SAVE) is among the top performer stock in the airline industry, which has jumped over 28% so far this year and 73% from its listing price. The stock recently made its all time high of $20.70.
The company has shown an massive EPS growth of 900%, 117%, and 57% the past three quarters. Spurring the recent EPS gains has been sales growth. Revenues have grown 14%, 26%, 26%, 56%, 42%, and 27% the past six quarters.More importantly, the company has 0% debt to shareholder equity, with a solid cash flow of $1.31 a share. The current P/E ratio of 16, is near to its historical peak. JetBlue Airways Corporation(NASDAQ:JBLU) has P/E ratio of about 17
Over the past five years, gross margin peaked at 31.8% and averaged 25.9%. Operating margin peaked at 15.6% and averaged 9.5%. Net margin peaked at 12.0% and averaged 6.6%.

Mutual fund have a chunk of float holdings in the company with 35% of the current float. Number of funds taking stake in the company had grown from 78 to 101 to 148 funds the past three quarters.This morning, the company announced that starting June 1, 2012, Spirit Galactic is offering weekly non-stop flights from Fort Lauderdale to the moon.( April fools on their site).The company recently reported its fourth quarter results and said that its net income stood at $24 million, or 33 cents a share on revenue of $273.9 million, compared to a year ago income of $24 million, or 33 cents a share on revenue of $216.2 million. The latest quarter strong earnings were driven by higher passenger volumes, coupled with stronger ticket and non-ticket revenue.

However, the company still has few drawbacks like poor service as the company is popular for offering low cost airline service. But, one should shouldn’t forget that when it come to the airline industry, pricing is more important and big companies JetBlue Airways Corporation(NASDAQ:JBLU) and Virgin America have already started slashing their prices.
Today, the stock is trading higher by 0.65% to $20.20 and trading well above its 50-Day Moving Average and 200-Day Moving Average of $19.38 and $16.24 respectively.