Spirit Airlines stock sinks as CEO cites ‘challenging’ climate

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Shares of Spirit Airlines (SAVE) are sinking in its lowest intra-day move after the airline operator reported a wider-than-expected first-quarter loss following the termination of its merger agreement with JetBlue Airways (JBLU).

Market Domination Anchors Josh Lipton and Julie Hyman break down some of the budget airline’s biggest challenges and what the company might do to curb its declining revenue.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Melanie Riehl and updated by Luke Carberry Mogan.

This article was originally published by a finance.yahoo.com

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