Spirit Airlines (NYSE: SAVE) has experienced nothing but turbulence lately. The company is dealing with the fallout of a failed merger attempt with and has struggled to get on better financial footing.

It's no wonder shares have gotten crushed. They trade at a gut-wrenching 97% below their all-time high, set in December 2014.

Perhaps a successful turnaround is on the horizon. Should investors buy this struggling airline stock?

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Source Fool.com