Shares of Spirit Airlines Inc. /zigman2/quotes/205782179/composite SAVE -0.45% slipped 2.25% to $21.69 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +2.09% falling 3.74% to 13,878.82 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.27% falling 1.45% to 35,111.16. This was the stock's second consecutive day of losses. Spirit Airlines Inc. closed $19.08 short of its 52-week high ($40.77), which the company reached on March 18th.
The stock underperformed when compared to some of its competitors Thursday, as Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV +1.26% fell 1.92% to $43.44, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +1.59% fell 1.95% to $39.73, and Ryanair Holdings PLC ADR /zigman2/quotes/204098489/composite RYAAY +0.74% fell 0.81% to $117.07. Trading volume (4.6 M) remained 783,797 below its 50-day average volume of 5.4 M.