Spirit Airlines stock
Definition
The shares of Spirit Airlines, Inc., an ultra-low-cost U.S. airline known for its bare-bones service and add-on fees, currently trading under the ticker symbol SAVEQ on over-the-counter markets after filing for bankruptcy.
Equity representing ownership in Spirit Airlines, a carrier that redefined 'budget travel' but hit severe turbulence, leading to a plummeting stock value and restructuring.
Financial instrument synonymous with high-risk, high-drama investing in the airline sector, where penny stocks meet passenger complaints.
Examples
Investors scooped up Spirit Airlines stock at rock-bottom prices, betting on a phoenix-like recovery from bankruptcy.
My portfolio's wild ride began when I threw caution – and cash – into Spirit Airlines stock during its fee-fueled freefall.
Wall Street traders chuckled as Spirit Airlines stock traded for less than a checked bag fee.
Diversifying with Spirit Airlines stock felt like buying a ticket to the cheapest, bumpiest flight in investing history.
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