Budget airline stocks are circling around the big guys – here’s why


CNBC.com’s Pippa Stevens brings you the top business news headlines of the day. On today’s show, Leslie Josephs discusses the recent surge in air travel and why the stocks of low-cost airlines like Spirit are outpacing larger corporations like Delta and United. Additionally, Dick’s Sporting Goods is targeting Lululemon as it enters the modern and lucrative men’s sports market.

Air Travel Rises as Vaccines Boost Vacation Bookings and Stocks Rise

Travelers are returning to the skies, fueling optimism among airline CEOs that the battered industry has finally turned a corner on the coronavirus pandemic. Shares of airlines rose to highs of more than a year on Monday.

The Transportation Security Administration examined more than 1.34 million people on Sunday, 86,000 more than the same day last year, shortly after the World Health Organization declared Covid-19 a pandemic.

That is still 45% below 2019 levels, a sign that the industry still has a long way to go before recovering to pre-pandemic levels. But TSA assessments have surpassed a million every day since Thursday, the highest volumes in a year.

‘The damage is done’: Europe’s caution on AstraZeneca vaccine could have far-reaching consequences

LONDON – The decision by many European countries to discontinue use of the Oxford University-AstraZeneca coronavirus vaccine could have far-reaching consequences, analysts say, with the adoption of the vaccine and the broader immunization program that it is already lagging behind in the region.

Sweden and Latvia on Tuesday became the latest countries to suspend use of the Oxford-AstraZeneca vaccine over concerns about blood clots. The move follows Germany, France, Spain, Italy and Ireland, among other European nations, which have temporarily halted use of the vaccine as a precautionary measure while testing for a link between the injection and an increased risk of blood clots. .

The World Health Organization, drug regulators and the vaccine maker itself have tried to downplay ongoing safety concerns, saying there is currently no evidence to suggest a link between the injection and an increased risk of developing blood clots. , which are a common occurrence among the general population. population.

Dick’s Sporting Goods is launching its own men’s athletics line, rivaling Lululemon

Dick’s Sporting Goods is entering a highly contested market for men’s sportswear with the launch of its own brand called VRST.

VRST debuts Tuesday on Dick’s website and independent VRST.com, and will roll out to more than 400 Dick stores in the coming weeks, the company said. Items in the line, which include everything from joggers and shorts to tees, quarter zippers and hoodies, retail for between $ 30 and $ 120, putting it at the higher end of the market. in regards to the price.

Following Dick’s success with its Calia athleisure line for women, the company said it saw a blank space in its stores for a more exclusive and lifestyle-oriented line for men. The line will not compete directly with the sweat-wicking performance gear sold by Under Armor and Nike. Instead, it is more similar to Lululemon.

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