Why is Spirit Airlines (save) stock trading higher Thursday?

Spirit Airlines, Inc. (NYSE:SAVE) stock is trading higher Thursday. The move marks a break from the stock's recent downtrend caused by ongoing pressure on airlines. What To Know: Airline stocks have suffered over the past week after Spirit, Frontier and American lowered their financial outlook amid rising fuel costs.

What services does Spirit Airlines offer?

Spirit Airlines, Inc. provides airline services. The company provides front seats, including wider seats with extra legroom, carry-on and checked baggage, assigned seats, travel insurance, and onboard beverages and snacks, as well as hotels, cars, vacation packages, and cruises services.

What is Spirit Airlines La Smarte®?

Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments, refreshments and Wi-Fi — something we call À La Smarte®.

Did Spirit Airlines break a downward trend?

However, Spirit Airlines broke the downward trend Thursday, rising over 5%. The move was backed by above-average trading volume of 2.55 million shares compared to its average volume of 1.55 million. Related Link: What's Going On With MercadoLibre Stock?