Reported 6 days ago
Spirit Airlines' stock has plummeted 98% from its all-time high nearly a decade ago, raising questions about whether it's a good investment now. Despite a brief rally after securing debt refinancing, the airline faces severe financial issues, including significant operating losses, declining revenue, and overwhelming debt, making its future uncertain. Additionally, merger talks with Frontier Group have fallen through, leaving investors skeptical about its recovery prospects. Experts suggest steering clear of Spirit Airlines stock given its ongoing struggles.
Source: YAHOO