Even though the resurgence of the COVID-19 cases is detrimental to the airline industry’s growth in the near term, continued progress on the vaccination front should help the industry recover over time. Hence, we think it could be wise to add Delta Air Lines (DAL) and Spirit Airlines (SAVE) to one’s watchlist. Also, Wall Street analysts expect them to rally in price significantly. Read on.
The resurgence of the COVID-19 cases, due primarily to the rapid spread of the Delta variant, has led to the resumption of restrictive measures in several parts of the world. This could dampen the airline industry’s recovery in the near term. However, increasing vaccinations and the full FDA approval of Pfizer Inc. (PFE) and BioNTech SE’s (