Spirit Airlines (NYSE: SAVE) has been in the spotlight this year. Despite lots of anticipation that a deal would close, announced last month that it wasn't going to follow through with the acquisition of Spirit. Regulators blocked the transaction from happening, arguing that it would have negative impacts on consumers.

This airline stock continues to deal with excessive turbulence. Its shares are down 75% this year alone (as of April 12), and they trade at an eye-watering 95% discount to their December 2014 all-time high.

Should you take a chance and buy Spirit stock right now?

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Source Fool.com