Spirit Airlines has led its investors through a volatile experience. The stock of the beleaguered budget airline has plummeted by 93% over the last five years. In contrast, the S&P 500 could have more than doubled an investor's money during the same period.
For a stock to underperform to such an extent, significant issues within the company are often to blame. That is precisely the situation with Spirit. The events of this year have particularly highlighted the airline's difficulties.
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