’ warning that ticket sales are weakening is another sign that travel is taking a hit from the spike in Covid-19 cases.
(ticker: LUV) is getting more love from Wall Street. Cowen’s Helane Becker raised her price target on the stock on Tuesday and called Southwest her top pick for 2021, seeing “significant upside” in the shares.
Spirit’s (SAVE) sales warning wasn’t a surprise. Consumers are scaling back on travel as Covid cases spike to nearly 200,000 a day in the U.S., prompting states to reimpose restrictions on business and travel. Health experts warn that the next few months will be worse as the virus spreads due to holiday travel and as the U.S. refrains from imposing strict lockdowns.
Thanksgiving air travel was strong, with