Why Spirit Airlines Stock Is Flying Higher Today
Shares of Spirit Airlines (NYSE: SAVE) traded up as much as 5% on Wednesday after the company received a double upgrade from one influential Wall Street analyst. The analyst believes the worst of the pandemic is now behind us, and he's excited about what the future holds for the airline industry.
The airlines endured a miserable 2020, weighed down by the pandemic and its impact on travel demand. But as vaccine rollouts gather pace, demand is beginning to recover, and investors are warming to the stocks.
Image source: Spirit Airlines.
Source Fool.com