Just some numbers: Spirit was founded in 1964, has 65 airplanes and 4 219 employees (according to YAHOO). LUV was founded in 1967, has 665 airplanes and 48 642 employees. I think this says it all who had the better strategy. There are only so many people to fly with an unreliable carrier. It would also be interesting to know the age of the fleet of SAVE. I rather fly SAFE than SAVE.
You may be right. This company is very small. The fact that they are willing to issue stock at such low price is telling. Top three honchos are all Indians and Indian companies have in the past misled investors. Also too much promotional appearances on television.