market

New U.S. Airline Avelo Enters Competitive Travel Market

A new airline is launching, bringing more competition to a domestic travel market that was ravaged by the coronavirus pandemic but has been showing signs of revival in recent months.

Avelo Airlines aims to serve smaller airports and routes that it says larger carriers have ignored or left behind. The new airline is scheduled to operate its first flight at the end of the month, flying from Burbank to Santa Rosa, Calif., and will initially serve 12 airports in western states.

Avelo was conceived before the pandemic upended the airline industry. After raising $125 million from investors in January 2020—a

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Vacation-Home Buyers Propped Up the Mortgage Market. Now They Face a Test.

The pandemic set in motion a furious scramble to buy vacation homes. Now, curbs on financing those purchases will test that market’s resilience.

The number of buyers who locked in mortgage rates for second homes in February was up 93% from a year earlier, far outpacing the 32% climb for primary residences, according to real-estate brokerage Redfin Corp.

But Fannie Mae and Freddie Mac are putting up roadblocks. The two mortgage giants, whose government backing is crucial to holding down mortgage rates, earlier this year began to cap how many of these loans it purchases, at the direction of federal

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Discount Airlines Tap Stock Market as Investors Bet on Travel Recovery

As air travel shows more signs of rebounding from its pandemic lows, airlines that focus on offering cheap fares to leisure travelers are cashing in on the stock market.

Frontier Group Holdings Inc.’s initial public offering raised $570 million after shares of the Denver-based budget carrier were priced at $19 each. Sun Country Airlines Holdings Inc., which largely flies Midwesterners to sunny vacation locales, raised more than $250 million in its initial public offering in March.

U.S. airlines lost some $35 billion last year, and most are still losing money. But the stock-market offerings are a sign that investors are

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Barcelona | Transfer Market: Junior departure put on ice

Barcelona | Transfer Market Likely to stay in January

EFE

Barcelona are hoping to have a few incomings and a few departures during this January transfer window, but one player who is set to remain at the Camp Nou is Junior Firpo.

Carles Alena has already made his way out of the club, joining Getafe on loan until the end of the season, and the Blaugrana are looking to push some other players towards the exit door, too.

Yet, despite Granada coming in with an enquiry for Junior, in general the offers for the left-back have not met

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