Spirit Air stock claws back some of the week's earlier losses with strong guidance update

Spirit Airlines jumped in morning trading Friday after the struggling discount carrier boosted its fourth-quarter guidance after a strong holiday travel season.

Spirit said it expects to post revenue of $1.3 billion when it releases its results for the final quarter of 2023 early next month.

Spirit soared about 18% to $6.76 per share.

The airline's shares lost more than half their value earlier in the week after a federal judge in Boston scuttled JetBlue’s $3.8 billion proposal to buy Spirit, saying it violates antitrust law.