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US airlines rally as bookings offer solid signs of recovery

Bloomberg US airlines rallied as improved summer leisure bookings and rising fares offered strong signs of a recovery a year after Americans began staying close to home. Sales over the past three weeks have been the best since the coronavirus pandemic began, American Airlines Group Inc. said, while United Airlines Holdings Inc. said high demand for spring and summer travel ...

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Sun Country Airlines IPO raises $218mn

Bloomberg Sun Country Airlines Holdings Inc. priced its initial public offering (IPO) above range at $24 a share to raise about $218 million as it looks for a rebound in leisure travel. Minneapolis-based Sun Country sold about 9.1 million shares, according to a statement confirming an earlier Bloomberg News report. The company had marketed the shares for $21 and $23, ...

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Walmart hires designer for Gaga, Oprah to steer upscale apparel

Bloomberg Fashion designer Brandon Maxwell has dressed Lady Gaga, Michelle Obama and Meghan Markle. Soon, Walmart Inc. shoppers can wear his styles, too. The world’s largest retailer hired Maxwell as the first-ever creative director for its Scoop and Free Assembly fashion brands, it said in a statement. Maxwell, 36, will oversee four seasonal collections a year for the two labels, ...

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