Why Spirit Airlines Stock Is Descending Today

Spirit is flying into a lot of headwinds right now. The entire airline industry is adjusting to softening demand trends. The airline has a lot of options, including renegotiations with creditors or returning planes to lessors to free up capital. But none are long-term answers, and all create future problems. At best, Spirit will find it hard to generate growth. At worst, as Fitzgerald notes, Spirit could be flying toward bankruptcy. Spirit Airlines (SAVE -10.76%) trimmed its outlook for the second quarter, ...