CNBC.com’s Pippa Stevens offers you the best news stories of the day. In today’s program, Leslie Josephs breaks down the recent increase in air travel and why shares of cheap airlines like Spirit outperform larger companies like Delta and United. On top of that, Dick’s Sporting Goods is targeting Lululemon when it comes to the trendy and lucrative men’s leisure market.
Air travel jumps as vaccinations boost holiday bookings, stock rises
Travelers return to the air, fueling optimism among airline executives that the battered industry has finally made a turn in the coronavirus pandemic. Airline shares rose to more than a year’s high on Monday.
The Transportation Safety Administration selected more than 1.34 million people on Sunday, 86,000 more than the same day a year ago, shortly after the World Health Organization declared Covid-19 a pandemic.
It is still 45% below 2019 levels, a sign that the industry has a long way to go before recovering to pre-pandemic levels. But TSA shows are more than 1 million every day since Thursday, the highest volume in a year.
‘The damage has been done’: Europe’s caution over AstraZeneca vaccination could have far-reaching consequences
LONDON – The decision by many European countries to suspend the use of Oxford-AstraZeneca University coronavirus shot could have far-reaching consequences, according to analysts, with the uptake of vaccines and the broader vaccination program already left in the region.
Sweden and Latvia on Tuesday became the latest countries to suspend use of the Oxford-AstraZeneca vaccine due to blood clot concerns. The move follows Germany, France, Spain, Italy and Ireland, including European countries, which have temporarily suspended the use of the vaccine as a precautionary measure, while examining whether there is a link between the shot and an increased risk of blood clots. . .
The World Health Organization, drug regulators and the vaccine manufacturer themselves have tried to downplay the ongoing safety issues, saying there is currently no evidence linking the shot to an increased risk of developing blood clots, which is common. population.
Dick’s Sporting Goods Launches Men’s Athletics Series With Lululemon
Dick’s Sporting Goods enters a highly contested market for athletic clothing for men with the launch of its own brand VRST.
VRST debuts on Tuesday on Dick’s website and a standalone VRST.com and will expand to more than 400 Dick’s stores in the coming weeks, the company said. Items in the line, which include everything from joggers and shorts to T-shirts, quarterbacks and hooded sweatshirts, can sell from $ 30 to $ 120, placing it at the higher end of the market in terms of price point.
Following the success of Dick’s with its Calia athletics range for women, the company said it had an empty space in its stores to have a more luxurious and lifestyle-driven line for men. The line will not compete directly with the sweat-losing performance equipment sold by Under Armor and Nike. Instead, it is more similar to Lululemon.