Why Spirit Airlines Stock Is Falling Today
Spirit Airlines (NYSE: SAVE) is struggling to keep its planes flying on schedule. That, coupled with continued concerns about the delta variant, have Spirit shares down as much as 5% in Thursday trading.
Spirit is facing a lot of headwinds right now. Earlier this week the airline cut third-quarter revenue expectations due to a combination of severe weather and staffing shortages, which caused Spirit to cancel a large number of flights.
Airlines try to stay lean in part via precision scheduling, and when things go wrong one small delay can cascade through the system, leaving crews out of position or hitting regulatory caps on how many hours they can be on duty.
Source Fool.com
