Spirit Airlines Stock Evaluation: Is it Time to Buy or Avoid?
Wednesday, 15 May 2024, 13:15
Another quarter, another period of losses
On May 6, Spirit Airlines reported its earnings for the first quarter of 2024. The company continues to struggle compared to the other major airliners in the United States.
Don't forget the debt load
The earnings and cash flow statements for Spirit Airlines are ugly. Its liabilities look even more concerning. Spirit has over $3 billion in long-term debt and $157 million in debt due within the next 12 months.
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Should you invest $1,000 in Spirit Airlines right now?
Before you buy stock in Spirit Airlines, consider this:
- The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Spirit Airlines wasn’t one of them.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.