If you've ever flown Spirit Airlines for a cheap getaway, you might be wondering why they're suddenly in so much trouble. Their current struggles reveal surprising truths about the future of budget air travel and the entire airline industry.
Spirit Airlines is facing serious financial headwinds, leading to a 40% stock drop recently and concerns about its long-term viability.
The airline's stock has plummeted, trading below $4 a share, down from over $20 in early 2023.