Spirit Airlines, Inc. Aktie News

The economy continues to give investors mixed signals. Inflation remains at higher-than-average levels — compared to the Federal Reserve's preferred 2% target.

DANIA BEACH, Fla., April 30, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) commitment to providing the best value in the sky was recognized in WalletHub's 'Best Airlines' (2024) report, earning the carrier a top ranking for safety and affordability.

Just like how “buy” ratings from Wall Street analysts can give you great ideas to add to your watchlist, “sell” ratings from these analysts can also steer you away from the stocks to avoid. That said, much like how not every stock rated “buy” ends up being a profitable investment, not every stock rated “sell” ends up in the stock market graveyard.

MIAMI--(BUSINESS WIRE)--TA Connections advanced camera scanning technology has transformed the baggage ramp for Spirit Airlines Service Agents.

A lot of well-known blue-chip stocks that previously dominated their respective industries are struggling this year. One need only look at the year-to-date performance of the benchmark S&P 500 index to see many notable names deep in the red so far in 2024.

Spirit is expected to post a revenue drop in Q1, and it continues losing money. The company's debt burden is a huge issue that adds financial risk.

Last week, I recommended “5 Stocks to Buy as Interest Rates Begin to Fall.” Declining borrowing costs looked set to turn these loss-making firms profitable again – a historically bullish sign for stocks.

Spirit updated its first-quarter guidance, detailing the impact of payments coming from RTX over engine issues. The update appears to have sparked speculation of a potential buyout among investors, though there is no concrete evidence to back that up.