Low-cost airlines may have an edge in current environment: Analysts


Jeju Air plane at Seoul Incheon International Airport.

Benard | Andia | Universal Images Group | Getty Images

Low-cost carriers (LCCs) are likely to have an advantage in a price-sensitive and regionally focused air travel market, analysts told CNBC. However, one observer cautioned that the benefit can only be enjoyed when demand recovers.

The coronavirus pandemic decimated the global tourism market when border restrictions were put in place, and airlines were no exception. The International Air Transport Association (IATA) said there is pent-up demand for travel, but consumer confidence is weak because, besides fears over the virus, there are “concerns

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The slow reopen: Retail visits edge up, broader economic measures still unmoved


WASHINGTON (Reuters) – The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but broader indexes of economic activity still stalled.

FILE PHOTO: A handful of pedestrians walk through Times Square as streets remain relatively quiet due to the continuing outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York U.S., May 5, 2020. REUTERS/Lucas Jackson/File Photo

Data from cellphone location firms Unacast and SafeGraph through last weekend both showed a continued slow rise in visits to retail stores. Data on around 55,000 small businesses

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Lowe’s CEO says its DIY customers gave it an edge during pandemic


An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California.

Patrick T. Fallon | Bloomberg | Getty Images

Lowe’s Chief Executive Marvin Ellison said its large base of DIY customers has helped the company pick up sales, even as the coronavirus pandemic slowed down construction and renovation projects.

In an interview with CNBC, Ellison attributed the company’s strong first-quarter performance to those customers’ upgrading appliances, buying paint and checking off their to-do list of home repairs. 

Compared with its rival, Home Depot, Lowe’s has a higher percentage of DIY customers and a lower percentage of professional

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Asia shares edge ahead, eyes on BOJ easing


SYDNEY (Reuters) – Asian shares inched higher on Monday ahead of a busy week for earnings and central bank meetings, with much chatter the Bank of Japan (BOJ) will announce more stimulus steps.

FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease (COVID-19), at Lujiazui financial district in Shanghai, China March 17, 2020. REUTERS/Aly Song

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1% in early trade, having shed 2.6% last week. Japan’s Nikkei gained 1.1%, while E-Mini futures for the S&P

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