RTTNews | Jan 20, 2022 01:24PM EST

13:24 Thursday, January 20, 2022 (RTTNews.com) - Spirit Airlines, Inc. (SAVE) is trading 5% higher on Thursday as most of the airline stock gained from the optimism of Delta Airlines (DAL) CEO Ed Bastian about the recent covid situation.

Bastian thinks that the omicron strain is not going to halt the progress from more than 60 days as the company reported that its cancellation due to the virus has impacted only 1% of the flights in the past seven days. Delta's earnings report has also impressed the investors about the airline stock as a result of which the NYSE ARCA Airline index also went up by 2.84%.

The stock is currently trading at $23.97, up $1.28 or 5.67% since the previous close at $22.68. The stock has opened at $22.76 in the morning. The shares have ranged between $19.52 and $40.77 per share.

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