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SAVE - Why Spirit Airlines Stock Is Descending Today
Spirit Airlines Inc.
2024-07-17 16:24:49 ET
Spirit Airlines (NYSE: SAVE) trimmed its outlook for the second quarter, just hours after an analyst warned the company could have trouble remaining airborne.
Investors are headed for the exits, sending Spirit shares down 11% in late afternoon trading.
Spirit is flying into a lot of headwinds right now. The entire airline industry is adjusting to softening demand trends.