Spirit Airlines stock falls 60 pct in 12 months: the high cost of ripping people off

Discussion in 'General Discussion | Miles/Points' started by ahappyelite, Nov 19, 2015.  |  Print Topic

  1. ahappyelite

    ahappyelite Silver Member

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    Ouch. Spirit airlines stock in Freefall this year down from 85 to 36 dollars. Sad for Wall Street that had such high hopes that with the skies held hostage they could cash in on this......airline which appears to be a boiler room operation. Incredibly in justifying the worst consumer rip off in U.S. History,the airmergers that would be so good for the consumer (they-the Obama administration, Not Ayn Rand-actually said that and you wonder why there's low faith in government) DOJ comforted us by telling people spending their own money they could fiy with this......................airline? The number of people this...... ....airline ? (would be more explicit but there is something scary about this............airline?) have screwed over is enormous. Very shortly they will start posting their "weather busters" messages when the first snow flake falls. This means as the toothless US DOT knows well but still allows: YOU ARE SCREWED. wherever you are you are stranded. With no interline agreements, they will urge you to call them in the Phillipines and perhaps in literally two or three days they will have a flight for you. In the meantime they often will use bad weather as a chance to gouge those who are stranded. This is the worst thing they do to tens of thousands of people but there are quite a few other borderline evil things. The big news is that the cash starved American who gets no frequent flyer miles from the majors has forced the gangsteros to cut their fares and no Suspecting person would ever choose Spirit for more than. $25. This airline has exemplified the screw them and churn them mentality the majors are replicating-all that matters is current quarterly earnings-and now maybe for Spirit as the song says 'theres no one left to lie to.' Incredibly there defense to all their schemes accepted by our government is 'our fares are low so we can do anything we want' A cautionary tale for the cartel. Impossible as it may seem in this no competition environment, those customers you disdain still matter more than your algorithms,
    Ediiting to clarify
    A few hours before a flight you get a message that invites you to change your flight to another day because a flake of snow has fallen. If you choose to go to the airport your flight might take off but also might be scrubbed after a 4 5 or 6 hour wait. Meanwhile if you cancel-you will get back the fare you paid and to fly an actual airline it will cost 1k or more. If you
    agree lto a refund or to go three days later they will sell your seat at a 500 lpct markup, should the flight miracle of miracles take off
     
    Last edited: Nov 19, 2015
  2. Miles
    Original Member

    Miles Silver Member

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    I'm not sure why Wall St. has given Spirit a thumbs-down this year, but I doubt that it's just because some passengers have had negative experiences.
     
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  3. ahappyelite

    ahappyelite Silver Member

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    Actually Wall Street has been pimping this stock relentlessly. The thumbs down is coming from people who have been screwed over not infrequently stranded by this ......airline? It is the most hated component of an industry bidding against Comcast to be most loathed. If this administration hadn't allowed the airlines to be a latter day version of the railroad cartel, This airline would be Gondalagoo This holiday travel period is a new low in collusive air travel-the airlines worked hard to compare schedules to limit options so that every flight would be jammed full even as gates lie empty the most hassilistjc holiday season in U.S.aviation history With hubs, clubs and toilets overflowing in merger airports while in unmerged airlines hubs lie barren like Pittsburgh and Cleveland. Brought to you by unfettered and unsustainable greed blessed by a government in the prone position during this slap in the face gargantuan ripoff of the U.S. Traveller. Even this uber confident no competition industry that has degraded its product almost every day for the past five years and declared their customers enemy combatants-who have made travel a collectively worse experience than ever before-still can't count their beans unless they have customers from whence all beans come
     
    Last edited: Nov 23, 2015
  4. ahappyelite

    ahappyelite Silver Member

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    Hedge funds dba airlines love Spirit. The ceo of Citadel who has the largest stake in this :....:airline? Gave 750k in campaign donations- in 2010 equally to ds and rs-and was a major Obama bundler in 2008. These people have made a mockery of governance. Imagine DOJ telling the taxpayer mergers would be a good thing An ethical person would avoid this entire industry altogether.especially this..,, airline? Fresh new hits just comjng almost daily from the colluders ....with Delta set to unveil new ways their ff program will be worthless.
    Make no mistake the airlines are basically boiler room operations, puppets of Wall Street speculators. How could this be allowed? The media has been carrying water for this industry shamelessly. But in breaking News United won't spring for Starbucks but has a new supplier....where's kathie lee Gifford? We need a special prosecutor on the airline merger-DOJ is clearly not up to the job after touting the good things the merger would bring-the airlines immediately and unrelentingly went to town as early as they could against the orphaned air pax
     
    Last edited: Nov 23, 2015
  5. satman40

    satman40 Gold Member

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    I remember when Amazon, and Yahoo both went down to a dollar a share.

    All these companies were started with original people's money, wanting to sell a service.

    There are often pump and dumps, much like Facebook, now over 100 a share, some lose money, depends on the timing if the investment.

    Most business failure come from excess regulations, and Union involvemen, both wanting a donation.

    The market is driven by supply and demand, politicians should leave it alone.

    The markets have been good to me, over the last 50 plus years, far better than CD's, regulated by the government.

    Just a view from an old man looking back at the real world.who was on the phone day trading when Kennedy got shot, and the market dropped 63 points. Syntex went from $1.00 to $163.00 2 months and 2 weeks...Birth Controll was a big pump and dump...but the pill is still with us today, as is the air plane,

    CD's talk about a rip off, talk about worthless.

    Enjoy the ride..
     
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