All research in Air Transportation — 1 reports.
A first-tier U.S. low-cost carrier with real evidence of turnaround progress in 2026 Q1, yet the industry's ROIC sits below its WACC, the moat is thin, and free cash flow has been negative for years. At roughly $43.31 a share and a 28.9x P/E, the stock already trades near the top of fair value with too little margin of safety. Rating Watch: priced for a turnaround that is only beginning to prove itself.
