Why Spirit Airlines Stock Fell Today
On Wednesday, Delta Air Lines (NYSE: DAL) sounded the alarm about rising fuel costs. Investors reacted by sending shares of the entire airline industry down, with Spirit Airlines (NYSE: SAVE) shares falling as much as 5% during the day's trading.
The airline industry was hit hard by the pandemic, but has slowly made its way back in 2021 as vaccination rates climbed and more people started traveling again. On Wednesday, Delta said that it generated a profit for the third quarter. But the airline also provided a warning that the recovery will not be without turbulence.
Image source: Spirit Airlines.
Source Fool.com