Spirit Airlines (NASDAQ: SAVE) and JetBlue Airways (NASDAQ: JBLU) are two of the most promising growth companies in the U.S. airline industry. However, they have been frustrating stocks to own for the past couple of years, as JetBlue and Spirit have been slower to recover from the industry’s unit revenue downturn than many of their peers.
Investors started to become more optimistic about both companies’ prospects in late 2016. Yet JetBlue and Spirit experienced big unit revenue declines once again in Q1 2017.