CNBC.com’s Pippa Stevens brings you the top business news headlines of the day. In today’s program, Leslie Josephs breaks down the recent increase in air travel and why the actions of budget airlines like Spirit are outpacing larger corporations like Delta and United. In addition, Dick’s Sporting Goods targets Lululemon when it enters the men’s leisure and fashion market.
Air travel jumps as vaccines stimulate holiday bookings and increase stocks
Travelers are returning to the skies, fueling optimism among airline CEOs that the battered industry has turned the corner with the coronavirus pandemic. Shares of airlines rose to a one-year high on Monday.
The Transportation Security Administration on Sunday examined more than 1.34 million people, 86,000 more than the same day last year, 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 recovering from pre-pandemic levels. But TSA projections have surpassed one million every day since Thursday, the highest volume in a year.
“The 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 the coronavirus shot from Oxford-AstraZeneca University could have far-reaching consequences, analysts say, with vaccine uptake and the wider vaccination program than ever before. stays in the region.
Sweden and Latvia became the last countries on Tuesday to suspend the use of the Oxford-AstraZeneca vaccine due to blood clot problems. The move follows Germany, France, Spain, Italy and Ireland, among other European countries, for temporarily stopping the use of the vaccine as a precaution while checking for a link between the shot and an increased risk of blood clots. .
The World Health Organization, drug regulators and the vaccine manufacturer itself have tried to minimize ongoing safety concerns, saying there is currently no evidence to suggest a link between the shot and an increased risk of developing blood clots. blood, which are a common occurrence among the general population. population.
Dick’s Sporting Goods launches its own line of men’s leisure, rivaling Lululemon
Dick’s Sporting Goods enters a very competitive market for men’s sportswear with the launch of its own brand called VRST.
VRST premieres Tuesday on Dick’s website and on an independent VRST.com and will be unveiled at more than 400 Dick stores in the coming weeks, the company said. Items in the line, which include everything from shorts and shorts to t-shirts, zip-ups and hoodies, retail for $ 30 to $ 120, placing them on the highest market when it’s about prices.
Following Dick’s success with its Calia women’s leisure line, the company said it saw a blank space in its stores to have a more exclusive, lifestyle-oriented line. for men. The line will not compete directly with the sweat-absorbing performance equipment sold by Under Armor and Nike. Instead, it is more like Lululemon.