Spirit Airlines Stock Just Hit a New Low: Should You Buy the Dip?

The discount airliner can't seem to generate positive free cash flow. It has been a rough 2024 for Spirit Airlines (SAVE 2.28%). Well, a rough last 10 years, if we're being honest. The discount airliner's proposed merger with Jet Blue was blocked by the U.S. government and it just reported another weak quarter of negative cash flow. It has struggled to generate profits for years and has a looming debt load that has major investors concerned. Today, shares trade at a cheap looking $3.75, off over 95% from al ...