Spirit Jumps As Upgrade Follows Positive EBITDA Forecast By Investing.com
By Dhirendra Tripathi Investing.com -- Shares of Spirit Airlines (NYSE:SAVE) were up in Tuesday’s premarket a day after the company guided for a “modestly positive” EBITDA in the ongoing second quarter. Spirit had posted an adjusted non-GAAP negative EBITDA of $199.7 million in the first quarter of 2021 as airline traffic remained below par because of the pandemic. The positive outlook won an upgrade from Citi to a buy. The brokerage sees the airline at $42, a 23.5% upside from its closing of $34 on Monday. Spirit said its plant load factor for the...
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