Spirit Aviation Soars 4.07% on Positive Market Sentiment

On June 24, 2025, Spirit Aviation's stock rose by 4.07% in pre-market trading, indicating a positive market sentiment towards the company.

Spirit Airlines has been ranked as the second cheapest airline in the US based on revenue per seat mile, closely following Frontier Airlines. This ranking highlights the airline's competitive pricing strategy, which focuses on offering bare-fare tickets that allow passengers to purchase only their seat and one personal item. However, this strategy has also led to criticism from passengers regarding the lack of comfort and additional costs for extras.

Spirit Airlines has faced several incidents involving pests on its flights, which has raised concerns about cleanliness and passenger comfort. In May 2025, a passenger reported seeing multiple roaches on a flight, and in October 2024, a flight was disrupted by a "super rat" moving among the light fixtures. These incidents have led to negative publicity for the airline and have raised questions about its ability to maintain high standards of cleanliness.

In November 2024, Spirit Airlines filed for bankruptcy and was delisted from the New York Stock Exchange after losses of over $2.5 billion since the start of 2020. The airline's CEO, Ted Christie, has stated that the company is focused on refinancing its debt, improving its overall liquidity position, and deploying its new reimagined product into the market. However, the airline's financial struggles have raised concerns about its ability to compete in the ultra-low-cost carrier market.

Despite these challenges, Spirit Airlines has also received positive feedback from passengers who have praised its reliability and affordability. The airline has been ranked as the best airline overall, as well as the most affordable and safest airline by WalletHub. However, the airline's financial struggles and negative publicity have raised questions about its ability to continue to compete in the ultra-low-cost carrier market.