Spirit Airlines (NYSE: SAVE) was once a leading player in the US commercial aviation industry. The carrier once had higher profit margins than many of its traditional full-service competitors, offered convenient air service to passengers, and connected new kinds of markets to major US hubs. Despite the airline's extensive network and attempts to establish a foothold in many markets as a leading player, it has struggled financially over the past few years, with profit margins diminishing and the company declaring bankruptcy multiple times.
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