Whitney Tilson: My Experience Flying Spirit Airlines This Week

My Experience Flying Spirit Airlines This Week by Whitney Tilson, Seeking Alpha

Summary

Having recently bought the stock, I wanted to experience Spirit for myself.

Though Spirit has a much higher complaint rate than other airlines, I had a great experience and didn’t observe any customer service problems on either flight.

The customers Spirit serves, how it’s handling areas of customer dissatisfaction and how it generates extra revenues and keeps costs low makes me more bullish on the future of the company.

The stock which, even though it’s up 20% since my first article three weeks ago, remains exceptionally cheap at ~10x earnings.

My biggest concern in owning the stock of Spirit Airlines (SAVE), which I added to my portfolio last month, is...