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Fly News Breaks for April 30, 2015
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Apr 30, 2015 | 08:45 EDT
After Spirit Airlines dropped 9%, Sterne Agee CRT calls the stock "a table pounding buy." The firm says the company reported strong Q1 EPS, and that the pullback in the stock reflects investors' concerns about Q2 RASM headwinds. However, the firm says the company manages its business to maximize pre-tax margins, not RASM growth, which the firm applauds. Sterne Agee CRT keeps a $109 price target on the shares.
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