Raymond James analyst Savanthi Syth downgrades shares of Frontier and Spirit to Underperform from Market Perform.
Travel-related stocks are falling on Monday as Hurricane Beryl makes landfall in the Caribbean. The storm's arrival poses significant risks to both cruise operations and air travel in the region, contributing to investor concerns and weighing on the sector's performance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Spirit Airlines (NYSE: SAVE) today announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President and Chief Financial Officer, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian McMenamy, who will remain in a senior finance role with the Company to ensure a smooth transition.