Spirit Airlines traded at $4.90 this Tuesday April 9th, increasing $0.18 or 3.71 percent since the previous trading session. Looking back, over the last four weeks, Spirit Airlines gained 9.02 percent. Over the last 12 months, its price fell by 72.17 percent. Looking ahead, we forecast Spirit Airlines to be priced at 4.79 by the end of this quarter and at 4.49 in one year, according to Trading Economics global macro models projections and analysts expectations.
Spirit Airlines, Inc. is an airline company that provides air transportation for passengers. The Company is focused on providing value-conscious travel. The Company's Bare Fares offerings are unbundled base fares that remove components included in the price of an airline ticket. The Company allows customers to pay only for the options they choose, such as bags, advance seat assignments and refreshments. It operates scheduled flights throughout the United States and in the Caribbean and Latin America. The Company’s ultra low-cost carrier (ULCC) business model provides customers low, unbundled base fares with a range of optional services, allowing customers the freedom to choose only the options they value.