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Smaller Spirit network could be solution to cash burn, Barclays says

By Yahoo! Finance   |   Sep 17, 2024 at 09:14 AM EST
Smaller Spirit network could be solution to cash burn, Barclays says

Spirit Airlines Inc (NYSE:SAVE) faces financial challenges due to cash burn, negative margins, and high debt. Analysts suggest a smaller network to stabilize finances, improve profitability, and negotiate debt. Barclays maintains an "underweight" rating but sees potential for improvement with strategic shifts.

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