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Stock market anomaly | Plans to sell aircraft and lay off employees to increase liquidity. spirit airlines (SAVE.US) rose more than 6.8%.
As of press time, the stock has risen over 6.8%, trading at $2.5.
Express News | Vanguard Group Cuts Passive Stake in Spirit Airlines to 5.6% as of Sept 30 Vs 9.54% as of Dec 29 - SEC Filing
Southwest, Other Airlines Plan a Shake-Up. Why They Need More to Boost Their Stocks. -- Barrons.com
Is Spirit Airlines Worth the Gamble Amid Bankruptcy Fears?
Spirit Airlines Shares Are Trading Lower. It Was Recently Reported the Company Will Furlough Additional Pilots.