Spirit Airlines: No frills for flyers, but thrills for investors [MSN Money]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: MSN Money
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A Spirit Airlines airplane takes off from Newark Liberty Airport on September 30, 2018 as seen from Elizabeth, New Jersey.
You might not want to fly Spirit Airlines, but you probably wish you owned its stock this year. Shares of the no-frills airline surged close 30 percent in 2018, as of Wednesday's close, while those of most of its competitors — and the broader market — tumbled. Spirit's shares hit a more than three-year high in early December and the company is now worth about $3.8 billion after the year's gains. It grew its profits in the most recent quarter despite a jump in fuel costs and issued a sunny forecast for the end of the year. But it's not just investors who might be pleased. The airline that draws long drew the ire of travelers for its customer service and still receives more complaints from customers than most other U.S. rivals is making strides. Its flights are arriving on time. We may have made progress in operations, gu
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