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DAL - Spirit Airlines: The Spirit Is Gone Time To Sell
Delta Air Lines Inc.
2024-04-19 14:52:35 ET
Summary
Spirit Airlines has struggled to reduce unit costs despite growing capacity, leading to margin contraction.
The company has adjusted its first quarter earnings guidance due to the recognition of credits related to the GTF issues.
Spirit Airlines has deferred aircraft deliveries and laid off pilots in an attempt to improve profitability. But the stock is still unattractive due to uncertainties and lack of significant upside.