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.
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For further details see:
Spirit Airlines: The Spirit Is Gone, Time To Sell