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.
Q1 2024 Spirit Airlines Inc Earnings Call
U.S. stock indexes rose on Monday, extending gains made last week on investors betting on a greater chance of the Federal Reserve cutting interest rates this year. The benchmark S&P 500 and the tech-heavy Nasdaq hit three-week highs after data on Friday showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer.