Down 97%, Is It Time to Buy Spirit Airlines Stock?

Investors prefer the businesses that they own to provide a smooth journey for their portfolios. But Spirit Airlines (NYSE: SAVE) has done anything but. Since October 2019, shares have tanked 94%, while at the same time, the broader S&P 500 has produced a 111% total return.There's a lot that investors need to know about this troubled airline stock, which is currently 97% off its peak from nearly a decade ago, before making an informed decision for your portfolio. Continue reading to learn more about Spirit Airlines.To say that 2024 has been a difficult year for this business would be putting it lightly. JetBlue was supposed to be Spirit's savior. A proposed merger between these two companies would have created a more powerful low-cost air carrier. But the deal was blocked in January. And since then, shares of Spirit have tanked a gut-wrenching 71%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool