Pippa Stevens of CNBC.com brings you the most important business news headlines. On today’s show, Leslie Josephs breaks down the recent increase in air travel and why the actions of budget airlines, such as Spirit, outnumber larger corporations such as Delta and United. In addition, Dick’s Sporting Goods follows Lululemon as it enters the fashionable and profitable men’s sports market.
Air travel jumps as vaccinations stimulate holiday bookings, rising stocks
Travelers return to the skies, fueling optimism among airline executives that the beaten industry has finally turned a corner in the coronavirus pandemic. Shares of airlines rose Monday to more than a year.
The Transportation Security Administration on Sunday examined more than 1.34 million people, 86,000 more than on the same day a year ago, shortly after the World Health Organization declared Covid-19 a pandemic.
This is still 45% below 2019 levels, a sign that the industry still has a long way to go before it returns to pre-pandemic levels. But TSA projections topped 1 million every Thursday, the highest volume in a year.
“Damage is done”: Europe’s caution over AstraZeneca vaccine could have far-reaching consequences
LONDON – The decision by many European countries to suspend the use of coronavirus fire at Oxford-AstraZeneca University could have far-reaching consequences, according to analysts, with the absorption of the vaccine and the wider immunization program already remaining in the region.
Sweden and Latvia became the last countries to suspend the use of the Oxford-AstraZeneca vaccine on Tuesday in terms of blood clots. The measure follows Germany, France, Spain, Italy and Ireland, among other European nations, for temporarily discontinuing the use of the vaccine as a precautionary measure while verifying whether there is a link between shooting and an increased risk of blood clots.
The World Health Organization, drug regulators and the vaccine manufacturer itself have sought to minimize safety concerns, saying there is currently no evidence to suggest a link between shooting and an increased risk of blood clots. , which are a common event among the general population. population.
Dick’s Sporting Goods launches its own men’s sports line, competing with Lululemon
Dick’s sports products enter an extremely contested market for men’s sportswear, with the launch of its own brand called VRST.
VRST debuts Tuesday on Dick’s website and on an independent VRST.com and will be launched in more than 400 Dick stores in the coming weeks, the company said. The items in the line, which range from jogging and shorts to t-shirts, zippers and hooded sweatshirts, retail from $ 30 to $ 120, placing them at the top of the market when it comes to price.
After Dick’s success with the Calia women’s sports line, the company said it saw free space in its stores to have a more luxurious and lifestyle-oriented line for men. The line will not compete directly with the sweat-removing performance equipment sold by Under Armor and Nike. Instead, it is more like Lululemon.