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U.K. Removes Portugal From Covid Travel Green List, BBC Reports

(Bloomberg) The U.K. removed Portugal from its so-called green list of countries residents can easily visit, according to the BBC, dealing a body blow to an airline industry crying out for a reopening of European travel this summer. ....

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S&P 500, Dow hit record highs as investors eye economic reopening | Financial Markets News

The S&P 500 and Dow Jones Industrial Average closed at record highs on Monday, as investors eyed an economic recovery from the coronavirus pandemic and awaited cues from the United States Federal Reserve this week amid caution over rising borrowing costs.
The Dow Jones Industrial Average rose 0.53 percent to end at 32,953.46 points on Monday in New York.
The broader S&P 500 index – a proxy for the health of retirement and college savings accounts – gained 0.65 percent to land at 3,968.94 and the Nasdaq Composite Index vaulted 1.05 percent to close at 13,459.71. However, the Nasdaq remains down almost 5 percent from its February 12 record high close. ....

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Were the Airline Bailouts Really Needed?

Were the Airline Bailouts Really Needed?
Once again, we have socialized an industry’s losses and privatized its profits.
Airline stocks, lifted by taxpayers, have risen nearly 200 percent since their pandemic low and almost recovered their losses.Credit.Erin Schaff/The New York Times
March 16, 2021
A year ago this week, Doug Parker, the chief executive of American Airlines, flew to Washington to begin what became a yearlong lobbying campaign for a series of taxpayer-funded bailouts during the pandemic.
He wasn’t alone. The campaign also included leaders from Alaska Airlines, Allegiant Air, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines all with their hands extended. The flight attendant and pilot unions were also part of the lobbying. ....

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US airline shares rise to pre-pandemic levels on vaccine hopes

United Airlines said it expects to halt its cash burn in March, sooner than forecast. ....

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Frontier Airlines Looks to Raise $100 Million in 2nd Airline IPO This Year

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more
Frontier Airlines is the second low-cost carrier in a month to file for an initial public offering, clearly seeing opportunity in the prevailing assumption that affordable leisure travel will rebound first from the pandemic.
Denver-based and private equity-owned, Frontier filed paperwork Monday with the Securities and Exchange Commission, stating it is looking to raise $100 million in the offering.
The filing comes on the heels of Sun Country Airlines filing for an IPO in February, a rarity within the industry but amid the growing anticipation that vaccines will encourage more flyers to book flights. ....

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