Baldanza also said Spirit is one of the few airlines that's actually run like a business. He said the company has good margins and is profitable in every city it services.
When asked how industry consolidation affects Spirit's operations, Baldanza said consolidation has stabilized the airline industry by reducing over-capacity and eliminating some of the most cut-throat competition, allowing for all the airlines to run their businesses better and more profitably.
Cramer said that after endorsing airline stocks for the first time in decades last week, Spirit is one of the best picks in this re-emerging industry.
With retail sales continuing to roar, Cramer revisited his "Great Gatsby" index of luxury stocks, expanding the list with six new names including
(TOL), builders of high-end homes;
(BC), makers of boats and recreational vehicles;
(COH), in the retail and accessory space, along with
(TIF) for jewelry and
(EL) for makeup.
Cramer said his original index, which included
, has lagged the
by a hair and also lacked the diversification for a true gauge of spending by the wealthy. He said by adding these names, the index now better represents all high-end goods.
Cramer said Saks, Coach and Tiffany complement his original set of retailers, while Brunswick is the quintessential discretionary spending company. Estee Lauder is the premier beauty player, he added, while Toll Brothers has been his favorite high-end home builder for years.
By adding all of these names, Cramer concluded, investors can now use the entire Gatsby index to better see exactly where the high-end of retail is heading.
In the Lightning Round, Cramer was bullish on
Cramer was bearish on
Am I Diversified?
In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to
to see if investors' portfolios have what it takes for today's markets.
The first portfolio included:
Cramer blessed this portfolio as perfectly diversified.
The second portfolio's top holdings included:
Cramer said this portfolio was also properly diversified.
The third portfolio had:
as its top five stocks.
Cramer said he was also a fan of this portfolio.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer once again made the suggestion that
(AAPL - Get Report)
, a stock he owns for his charitable trust,
Action Alerts PLUS
, should buy streaming movie giant
(NFLX - Get Report)
Cramer thinks Apple has hit a wall with its current AppleTV plans, and that wall is the content providers who are not willing to seed their customers to Apple.
Cramer said that neither bullying or negotiation are likely to change these providers' minds. Meanwhile, Netflix already has 26 million subscribers paying for streaming content into their living rooms and would likely welcome an Apple-centric revamp of the service and its offerings.
With over $100 billion in cash, Cramer said it's important for Apple's share price for the company to return a sizable chunk of that cash back to its shareholders. The value created by a Netflix deal would give Apple the growth it needs.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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