Why Spirit Airlines Was Able to Gain Altitude in the First Half of 2022

·2 min read

Airlines were among the casualties in a dismal first half of the year for stocks, but Spirit Airlines was a noticeable exception. Shares of Spirit were up 9.1% in the first six months of 2022, according to data provided by S&P Global Market Intelligence, significantly outperforming the S&P 500's 20.6% fall. In February, Spirit agreed to be acquired by Frontier Group Holdings in a cash and stock deal worth about $24 per share at the time.

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