Spirit Airlines shares are trading lower after the company reduced its Q3 revenue guidance amid increased fuel costs.
Portfolio Pulse from Bill Haddad
Spirit Airlines has lowered its Q3 revenue guidance due to increased fuel costs, causing its shares to trade lower.
September 13, 2023 | 4:25 pm
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Spirit Airlines' stock is trading lower after the company reduced its Q3 revenue guidance due to increased fuel costs.
Spirit Airlines' decision to lower its Q3 revenue guidance is a negative signal to investors, indicating that the company's financial performance may not meet expectations. This, coupled with the increased fuel costs, is likely to put downward pressure on the stock price in the short term.
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