High fuel costs are likely to have hurt Spirit Airlines' (SAVE) bottom-line performance in Q1.
JetBlue lowered its 2024 outlook in a setback toward profitability.
A lot of well-known blue-chip stocks that previously dominated their respective industries are struggling this year. One need only look at the year-to-date performance of the benchmark S&P 500 index to see many notable names deep in the red so far in 2024. Companies such as Nike (NYSE:NKE), Starbucks (NASDAQ:SBUX), and Intel (NASDAQ:INTC), just to name a few, continue to slide lower. The situation has only gotten worse as the entire market declines to start the year’s second quarter. While conce