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Fly News Breaks for October 16, 2015
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Oct 16, 2015 | 06:21 EDT
Raymond James downgraded Spirit Airlines to Market Perform from Strong Buy and lowered estimates to reflect weaker unit revenue outlook following yesterday's investor update. Analyst Savanthi Syth said he underestimated the full impact of new pricing levels and said shares will require evidence of improving trends before moving higher.
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