Why Spirit Airlines Stock Fell Today
Masks are back, and scientists are getting increasingly worried about a new wave of the pandemic. The concerns have airline stocks losing altitude on Friday, with Spirit Airlines (NYSE: SAVE) falling as much as 5%.
Airline investors endured a miserable 2020 due to the pandemic, but as the vaccines gained traction last winter the stocks began to rebound. A summer of full flights has gone a long way toward restoring investor confidence that there is strong pent-up travel demand, but the delta variant of the coronavirus is threatening to halt all that progress.
The Centers for Disease Control and Prevention is urging Americans to start wearing masks inside again after a study found that vaccinated individuals appear to carry as much virus as the unvaccinated. There is fear that absent preventative measures the new variant could spiral out of control.
Source Fool.com
