Travel stocks climb on Pfizer (PFE) vaccine announcement
By Joseph Toppe
16:05, 8 December 2021
Travel stocks are up across the board on Wednesday after a joint announcement from BioNtech and Pfizer stated a three-shot course of their Covid-19 vaccine was able to neutralise the Omicron variant.
In early trading, shares of Delta Air Lines are up nearly 3.5%, American Airlines is around 3.8% higher,. Meanwhile United Airlines is surging over 5.5% in the green and Southwest Airlines is trading more than 1% better.
Stock prices in hotel chains are also rising Wednesday. Shares of Marriott International are over 1% higher and Hilton Worldwide is up by 1%.
In the cruise line industry, Carnival Corp is up above 6.9% and Royal Caribbean is over 7% in positive territory.
Vaccine Update
On Wednesday, both BioNtech SE and Pfizer Inc. issued a statement showing preliminary laboratory studies demonstrate that three doses of their vaccine will neutralise the Omicron variant.
In the release, Pfizer Chairman and CEO, Albert Bourla, said “ensuring as many people as possible are fully vaccinated with the first two dose series and a booster remains the best course of action to prevent the spread of Covid-19.”
Pfizer and BioNtech are both trading lower.
Read more: Third Pfizer (PFE) vaccine neutralises Omicron, study finds
Markets in this article
Related topics