Spirit Airlines' stock plummets 82% in 2023, mainly due to a failed merger with JetBlue.
Spirit Airlines has fallen 82% in 2023 and 97% from all-time highs, partly due to a failed merger with JetBlue. The company is now forced to operate independently, causing significant stock drops. However, at a $2.80 stock price, some question if it's smart to buy the dip for the second half of 2024. The hypercompetitiveness of the airline market and cost overruns contribute to its cash flow issues.
July 21, 2024
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