You can blame the stupidity of people (and the Democrats ability to prey on it) for this drop. An election is coming up that needs to be rigged again - therefore Covid is coming back - therefore travel will drop - therefore who the hell knows what happens to any airline anymore.
Financially, there’s ZERO reason why this stock isn’t back above $12. It’s just fear. Now the question is, can it tread water long enough to see the other side. Being lower than it was during the worst of 2020 when business is booming is just plain mind boggling.