Spirit Airlines stock has been beaten down over the past few months, due to the company's weak forecast for the third quarter. However, the stock started to recover on Friday after Spirit boosted its quarterly guidance.
News & Analysis: Spirit Airlines
Spirit removes some pessimism from its forecast, and Fastenal drives growth with vending machines.
Finally, after a challenging 2019, investors received some good news ahead of the company's third-quarter earnings, which are due out later this month.
The ultra-low cost carrier has expanded dramatically in Puerto Rico over the past year, and more growth is coming in the months ahead.
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Embattled airlines American Airlines and Spirit Airlines received more analyst downgrades on Monday. Yet analysts seem to be underestimating one of the two carriers.
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The famously frugal budget airline has found a way to give customers a little more legroom while still squeezing lots of seats onto each of its planes.
Flight cancellations have been a big problem for Spirit Airlines all spring and summer, so a big, slow-moving hurricane was the last thing it needed to close out Labor Day weekend.
Trade war fears have pushed Spirit Airlines stock down to a new 52-week low, but this has only made the stock an even more compelling bargain for patient investors.