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Copa Holdings (CPA) and Allegiant Travel (ALGT) report year-over-year increases in passenger revenues in first-quarter 2024.
Spirit Airlines (NYSE:SAVE) was once the target of a hot bidding war between two of its rivals, Frontier Group (NASDAQ:ULCC) and JetBlue Airways (NASDAQ:JBLU). Less than two years after JetBlue successfully beat out Frontier with a deal valuing Spirit at $34.15 per share, Spirit's stock nose-dived to under $4 per share. The fall in share price is in large part due to the Biden administration blocking the JetBlue deal, arguing that customers benefiting from Spirit’s low fares would have been hurt