Why Spirit Airlines Stock Flew South in July
The airline sector is beginning to feel a squeeze, and no one is under more pressure than Spirit Airlines (NYSE: SAVE).
Shares of the discount airline lost 17.8% in July, according to data provided by S&P Global Market Intelligence, after a mid-quarter update prompted discussions about a potential bankruptcy filing.
Spirit has been flying through a lot of headwinds. The company saw its planned acquisition by JetBlue Airways fall apart due to regulatory concerns, leaving Spirit to fly on its own at a time when demand for domestic fares is softening and pricing power is scarce.
Source Fool.com
Jetblue Airways Corp. Stock
€5.24
-2.000%
Currently there is a rather negative sentiment for Jetblue Airways Corp. with 1 Buy predictions and 4 Sell predictions..
This results in a negative potential of -23.62% based on a current price of 5.24 € and a target price of 4 € for the stock.
