1 Airline That Soared in October -- and 2 That Didn't
October was a meh month for most U.S. airlines, especially the "Big 4," which control 84% of domestic air travel. Their share prices generally finished the month within 4 percentage points of where they began -- although a disappointing earnings report by United Continental Holdings (NYSE: UAL) turned what had been a very good month into a modest loss.
But some of the smaller carriers did see big shifts in their fortunes during October. Alaska Air Group (NYSE: ALK), Hawaiian Holdings (NASDAQ: HA), and Spirit Airlines (NASDAQ: SAVE) all saw double-digit changes in their stock prices over the course of the month. Let's look at who the big winner was and who the big losers were, and why.
These airline stocks have been on a downward trend. Only one broke that trend in October. Image source: Getty Images.
Source: Fool.com
Spirit Airlines, Inc. Stock
With 17 Sell predictions and no Buy predictions the community is very low on the Spirit Airlines, Inc. stock.
A slightly negative potential of -14.21% at a current price of 3.5 € for Spirit Airlines, Inc. is the result of a target price of 3 €.
