Spirit Airlines Inc(NYSE:SAVE) shares have been volatile in recent sessions, gaining sharply last week after the announcement of a significant transaction and an update on its financial performance.

What To Know:In an SEC filing last week, the budget airline disclosed that it had entered into a binding term sheet withGA Telesisfor the sale of 23 A320ceo/A321ceo aircraft, valued at approximately $519 million.

The delivery of these aircraft is set to begin in October 2024 and will continue through February 2025, contingent upon the execution of definitive documentation and customary conditions.

This move is expected to provide a much-needed boost...