Yes, but it's reducing the risks;
If you're vaxed
less likely to pass it on, less likely to get sick, less likley to require hospitalistion, less likley to require ventilation and less likely to die.
Israel still have 80% of deaths being fully vaxed, but the infected mortality rate has dropped from 4% to 1.5%
Oh, and by the way, I'm at the stage where I'm seriously considering ignoring the rules and going for a fly.
I can fill up my jerries at the local servo when I fill my car, drive to the airfield, fly, top up the tanks, and come home.
I will have had zero interaction with anyone else or any other equipement than I would in my normal weekly routine. And to top it off, recreational fishing is allowed, so why not aviation!