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Legacy Ridge Capital's investment thesis on Spirit Airlines ($SAVE) — Q2 2026 | Buyside Digest

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$SAVENASDAQSpirit Airlines

BEAR

Legacy Ridge Capital—SAVE

Fund Letter

Q2 2026

Published July 23, 2026

View Fund Profile

Price pending

—

—Pitched

Pending market quote

Market CapN/A

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Spirit Airlines operated as an irrational industry competitor that aggressively expanded its fleet despite declining yields and escalating unit costs. Its eventual liquidation...

— Kristopher P. Kelley

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Other investors who've written on Spirit Airlines

Jackson Peak Capital LLCBULL

Pitched Nov 8, 2023

The fund established a subscale position in Spirit Airlines calls ahead of its antitrust merger trial with JetBlue, viewing the massive market spread as highly mispriced. The manager intends...

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