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Politics

Excessive Hopes for Johnson & Johnson’s Covid Vaccine Have Fizzled within the U.S.

But manufacturing problems at a factory in Baltimore run by Emergent BioSolutions, Johnson & Johnson’s subcontractor, have had serious consequences for the vaccine. Because of a major production mishap that resulted in a two-month shutdown in operations, Johnson & Johnson has essentially been forced to sit out the brunt of the pandemic in the United States while Pfizer and Moderna, the other federally authorized vaccine makers, provided almost all the nation’s vaccine stock.

Johnson & Johnson has had to throw out the equivalent of 75 million doses, and the regulatory authorities in Canada, South Africa and the European Union also decided to pull back millions more doses made at the Baltimore plant. The company has been able to deliver only one-fourth of the 100 million doses it promised the federal government by the end of this month.

Dr. Anne Zink, Alaska’s chief medical officer, said that in her state, Johnson & Johnson’s shot had become a victim of its own timing. By late February, when it was authorized by the Food and Drug Administration, Alaska had figured out how to get two-dose vaccines to remote areas, leaving the one-shot regimen less crucial than she had initially imagined.

Dr. Clay Marsh, West Virginia’s Covid-19 czar, said that the pause and Johnson & Johnson’s later authorization — more than two months after Pfizer’s and Moderna’s — deprived it of a “halo effect.” By the time West Virginia had an ample supply of all three vaccines, he said, “people started to get this concept that maybe there’s something better about being immunized with Pfizer and Moderna.”

The Johnson & Johnson shot had also suffered from a “social network effect,” said Andrew C. Anderson, a professor of public health at Tulane University who researches vaccine hesitancy. Most Americans who were inoculated in the early months of the vaccine campaign received Moderna and Pfizer shots, and so their friends and family were less likely to deviate and accept a different brand.

In Louisiana, hospitals in the New Orleans area have started offering the Johnson & Johnson shot to people on their way out of the emergency room; the thinking is that people will be more likely to accept the vaccine when a doctor who has treated them asks them to take it. And in Arkansas, where only a third of the population is fully vaccinated, state officials are offering Johnson & Johnson doses to agriculture, manufacturing, wastewater and poultry workers, with gift certificates for hunting and fishing licenses as a reward.

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Politics

As Talks Bathroom Down, Hopes for Bipartisan Offers on Biden’s Priorities Dim

“We would like bipartisanship, but I don’t think we have a seriousness on the part of the Republican leadership to address the major crises facing this country,” Mr. Sanders said. “If they’re not coming forward, we’ve got to go forward alone.”

Negotiations have also stalled on policing reform, with three lawmakers still unable to reach an agreement on how or whether to alter the legal liability shield for individual police officers — known as qualified immunity — to make it easier to bring civil lawsuits against them for wrongdoing. Disagreement over whether to change that doctrine had doomed attempts to pass policing legislation last summer, amid a national outcry for reform.

Mr. Biden had hoped lawmakers would broker a deal before May 25, the anniversary of the death of George Floyd, a Black man who was murdered by a white Minneapolis police officer. But a breakthrough has remained elusive despite continued, closed-door negotiations between Representative Karen Bass, Democrat of California, and Senators Cory Booker, Democrat of New Jersey, and Tim Scott, Republican of South Carolina.

“We want to eliminate qualified immunity, and that is where we’re starting,” Mr. Booker said in an interview broadcast on CNN’s “State of the Union” on Sunday. “Clearly, you’ve heard very publicly the red lines on the other side. And again, this is one of the big issues that we’re working very hard to see if we can bridge this wide gulf.”

Prospects to create an independent commission to investigate the Jan. 6 Capitol assault also dimmed last week, as Republican leaders dug in against the commission in an attempt to doom its prospects in the Senate even though one of their own House members negotiated its details with Democrats.

The Republican leaders of both chambers, Senator Mitch McConnell of Kentucky and Representative Kevin McCarthy of California, have opposed the creation of such a panel. Mr. McConnell warned that Democrats had partisan motives in moving to set up the commission and would try to use it as a cudgel against Republicans in the 2022 midterm elections.

Several rank-and-file Republican senators who had publicly mulled backing the commission quickly fell in line, adopting the argument that the proposal was not truly bipartisan and that the investigation would take too long, underscoring a difficult path for Democrats to reach the 60-vote threshold required for passage of the bill in the evenly divided Senate.

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Politics

How Hopes for a Bipartisan Jan. 6 Fee Fell Aside

The Republicans have so far shown no will or a way to oust Donald Trump from his position as the party’s de facto leader. And for now, that means they have to block for him.

Just a few weeks ago, it looked like a solid part of Republican lawmakers would be ready to support a commission to investigate the January 6th uprising in the Capitol.

Some established GOP strategists and former lawmakers have stated that they see this as an opportunity to make a clean break with Trump (although, admittedly, we’ve heard this before) by giving a full account of the role he is and his allies have played the events surrounding the violence in the Capitol.

But just as the bill released the Democratically controlled house yesterday, with the support of a small but significant minority of Republicans, the party leadership stepped into the opposition.

Suddenly it seems unlikely to pass the Senate where it will take 60 votes to override the filibuster threat. It’s the latest, and possibly the clearest, sign that Trump is firmly in control of the party’s direction. And that old obstructive approach by Senator Mitch McConnell, which he refined into an art form during the Obama presidency, might be the surest way to keep it going.

Republican lawmakers who fled for their lives as rioters and stormed the halls of Congress, including some who argued a few weeks ago that Trump must answer for his role in provoking the attack, are now against investigation.

Just before yesterday’s House vote, McConnell, the Republican leader, spoke out against the commission, painting it as partisan maneuvers just days after saying it was open to a launch.

“I made the decision to oppose the House Democrats’ weird and unbalanced proposal for another commission to investigate the January 6th events,” he said in the Senate, complaining that the deal reached in the House did not include an investigation into left violence.

It was a far cry from the harsh words McConnell uttered in the immediate aftermath of the Capitol attack, but this is not the first time the minority leader stepped in at the eleventh hour to stop an action that could possibly be Trump’s role at the provocation of Trump could expose the January 6 uprising. In February, he waited until shortly before a vote on Trump’s second impeachment to declare he would oppose it and effectively secured the former president’s acquittal on January 6th indictment.

In March, a poll by Monmouth University found that a solid majority of Americans believed that an independent commission should be set up to investigate the attacks. Only 37 percent prefer to have other “internal investigations” carried out. About half of Republicans supported a full independent investigation.

But in the weeks since then, Republican lawmakers and Conservative pundits have teamed up as Trump only got the party tighter under control before halfway through 2022. A number of other polls show that while Trump’s favoritism ratings across the country continued to decline, he retained broad Republican support.

This month House Republicans voted to remove Representative Liz Cheney from her post as conference chair for refusing to stop criticizing Trump’s false claims about the 2020 election. (Yesterday she was one of 35 Republicans in the House who voted for the commission.) The party’s leadership is now firmly behind Trump’s distortions.

Commentators on the conservative fringe played down the January 6 uprising before the blood in the Capitol ran dry, and sometimes floated conspiracy theories to justify it. More recently, top Republicans have begun to rely more heavily on this narrative.

“The fact calls it insurrection, it wasn’t,” Wisconsin Senator Ron Johnson, a staunch ally of Trump, told Fox News yesterday.

“By and large, the protests were peaceful, except that there were a number of people, basically agitators, who whipped the crowd and broke through the Capitol.”

Senator Chuck Schumer, the Democratic leader, denounced Johnson’s comments in the Senate today. “If there was ever any justification for creating a bipartisan commission to investigate and report on the truth behind the January 6th attack, this senator’s comments provide it,” Schumer said. “Republicans in both chambers are trying to rewrite history loyalty or fear of former President Donald Trump.”

As planned, the investigation would be largely based on the 9/11 Commission, which was approved in 2002 with broad support from both parties. Its work was publicly announced upon its completion in 2004, and its leaders endorsed the idea of ​​a similar commission of inquiry Jan. 6. This new investigation would include 10 commissioners appointed by both Democratic and Republican congressional leaders and empowered to To issue subpoenas. It would deliver results by December 31st.

Knowing that the party’s grassroots remain committed to Trump, Republicans want to portray the commission as partisans. Indeed, this could become a self-fulfilling lawsuit.

If the bipartisan commission does not pass the Senate, Democratic Committee leaders in both houses of Congress could continue investigating the January 6th events.

And House Democrats are already threatening to take an unqualified approach through existing committees or through the creation of new elected committees. Of course, such a strategy would better support the Republican argument that the Democrats are conducting a partisan investigation.

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Business

Pipeline Hit by Ransomware Hopes to Restart by Finish of Week

An oil and gas pipeline system that had to be shut down on Friday after a ransomware attack is not expected to be “substantially” restored until the end of the week, the operator Colonial Pipeline announced on Monday.

“As this situation continues to flow and evolve, the colonial operations team is executing a plan that includes an incremental process that will make it easier to get back up and running gradually,” said a statement posted on its website. “This plan is based on a number of factors, security and compliance driving our operational decisions, and the goal of substantially restoring operational service by the end of the week.”

The company said it monitored its customers’ shipments and worked with shippers to move fuel.

The sudden shutdown of 5,500 miles of pipeline, which the company claims represents nearly half of the east coast’s fuel supply, was a worrying sign of weaknesses in the country’s energy infrastructure. The shutdown had raised concerns about fueling much of the pipeline across the country. As a result, gasoline futures prices had risen on Monday, and analysts said a longer shutdown could push them up even further – which could potentially impact the prices consumers pay for gasoline at the pump. Experts said several airports depend on the jet fuel pipeline, including those in Nashville, Baltimore-Washington, and Charlotte and Raleigh-Durham, NC, could have a tough time later in the week. Airports usually store enough jet fuel for three to five days of operation.

This is a developing story. Check for updates again.

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World News

Phuket Was Poised for Tourism Comeback. A Covid Surge Dashed These Hopes.

PHUKET, Thailand – Around the corner from the teeth whitening clinic and tattoo parlor with offerings in Russian, Hebrew and Chinese, near the al fresco restaurant with indifferent fried rice that cheers sunburned tourists or tired go-go dancers is supposed to, the Hooters sign has lost its H.

The sign in this distinctive orange comic font is now simply “ooters”.

Like so much on Patong Beach, the shabby epicenter of sybaritic Thailand, Hooters is “temporarily closed”. Other facilities around the beach on Phuket Island are more tightly closed, their metal grilles and padlocks rusted, or their contents ripped out except for the fittings, leaving only the carcasses of a tourism industry ravaged by the coronavirus epidemic.

The sun, which typically draws 15 million people to Phuket each year, remains unforgiving in a downturn. The rays bleach the “For Rent” signs on remote villas and the scorching greens on neglected golf courses. They exposed the emptiness of the streets of Patong, where tuk-tuk drivers once roamed and served as giveaways for snorkeling trips, peep shows or Thai massages.

Just a few weeks ago, Phuket seemed ready for a comeback. After a year with virtually no foreign tourists coming to Thailand, the national government decided that Phuket would welcome vaccinated visitors from July without the need to quarantine them. The project was called Phuket Sandbox.

But Thailand is now hit by its worst Covid-19 outbreak since the pandemic began, spread in part by well-heeled Thais who partied in Phuket and Bangkok with no social distancing. The confirmed daily number of cases – albeit low by global standards – has risen from 26 on April 1 to more than 2,000 three weeks later, in a country that saw a total of around 4,000 cases in early December.

For months, Thailand’s strict quarantines, lockdowns, border surveillance and strict use of masks kept the virus in check, despite the economy suffering. But even as the past few weeks have seen repeated daily highs in the case load, the Thai government is reacting slowly.

In early April, when cases were increasing, Prime Minister Prayuth Chan-ocha responded with a verbal shrug.

“Whatever happens, happens,” he said.

Desperate to revitalize its tourism sector, Phuket, which closed its airport during a spike in covid last year, allowed people to continue domestic flights this spring even if cases hit record highs. It was only on Thursday that local authorities requested Covid-19 screening for those arriving on the island.

“If you ask me how optimistic I am, I can’t tell,” said Nanthasiri Ronnasiri, director of the Phuket Tourism Bureau. “The situation is constantly changing.”

What You Need To Know About The Johnson & Johnson Vaccine Break In The United States

    • On April 23, an advisory panel to the Centers for Disease Control and Prevention voted to lift a hiatus on Johnson & Johnson Covid vaccine and put a label on an extremely rare but potentially dangerous bleeding disorder.
    • Federal health officials are expected to officially recommend states lift the hiatus.
    • The vaccine was recently discontinued after reports of a rare bleeding disorder surfaced in six women who received the vaccine.
    • The overall risk of developing the disorder is extremely small. Women between the ages of 30 and 39 appear to be most at risk, with 11.8 cases per million doses. There were seven cases per million doses in women between 18 and 49 years of age.
    • Almost eight million doses of the vaccine have now been given. There was less than one case per million doses in men and women aged 50 and over.
    • Johnson & Johnson had also decided to postpone the launch of its vaccine in Europe for similar reasons, but later decided to continue its campaign after the European Union Medicines Agency announced the addition of a warning. South Africa, devastated by a contagious variant of the virus, also stopped using the vaccine, but later continued to use it.

On April 18, Thailand’s tourism minister admitted that an opening for Phuket on July 1 appears unlikely as the plan is contingent on Covid being suppressed in Thailand.

To prepare for the Phuket sandbox, the Thai government sent many of their limited vaccines to the island in hopes of herd immunity by the summer. By mid-April, more than 20 percent of Phuket residents had been vaccinated. Nationwide, only about 1 percent of the population received the required doses.

“I’m very relieved,” said Suttirak Chaisawat, a grocer who received his Sinovac vaccine this month at a resort that was being repurposed for mass vaccination. “We all need hope for Phuket.”

While the vaccinations may have given Mr. Suttirak some optimism, the current picture remains grim.

Usually the golden sands of Patong Beach are full of foreign vacationers at this time of year.

But the beach is now almost deserted, except for a group of residents who line up for Covid tests in a mobile medical unit. Up the street a monitor lizard, a creature more crocodile than newt, was trampling across the asphalt, and little traffic obstructed the crossing.

Phuket’s half-built condominium complexes are being reclaimed by nature, always a battle in the tropics but a lost cause when developers’ money runs dry. Billboards for “Exclusive Dream Holiday Home” are stained with mold and monsoon mud.

Updated

April 24, 2021, 10:42 p.m. ET

This month’s Thai New Year period should be a dress rehearsal for Phuket’s revival. Instead of foreign backpackers or attendees at business conferences, the hotels sought to attract high-end Thai tourists who, without the pandemic, might have decamped overseas skiing in Hokkaido, Japan, or shopping in Paris.

But rather than preparing the island for its return as a global tourist haven, the Thai New Year may have ruined the island’s chances of reopening in July.

At festivals in Patong and other beaches this month, thousands of wealthy Thais partied, fewer masks than bikini tops. For some in Thailand’s high society, Covid was viewed as something that could infect vegetable vendors or shrimp peelers, not the jet set.

But then these beach buddies started testing positive and the virus spread to Phuket from luxury Bangkok nightclubs.

The resurgence of the virus after so many months of economic hardship is harrowing for the majority of Phuket residents who depend on foreign tourists for their livelihoods.

When a 3-year-old elephant was chewing on sugar cane nearby, Jaturaphit Jandarot was slowly swinging in his hammock. There was little else to do.

Before the pandemic, he and the other elephant handlers on the outskirts of Patong took more than 100 tourists, mainly from China, on 30-minute drives every day. There are no visitors now.

“I was very excited to hear that they are going to open Phuket to foreign tourists,” said Jaturaphit. “Thais don’t ride elephants.”

Regardless of the level of international travel, the elephants still need to be fed. Every month a dozen animals consume sugar cane, pineapples, and bananas worth at least $ 2,000. The 3-year-old, hardly more than a toddler in the elephant years, eats as much as the adults.

After the tin and rubber industries declined in Phuket, tourism grew from a few bungalows on Patong Beach in the 1970s to a global phenomenon that attracted golfers, clubbers, yachers, sex tourists, and Scandinavian snowbirds.

Much of the high-end accommodation in Phuket is near the beach town of Bang Tao, a quiet Muslim-majority community where posters for upscale wine bars mix with Arabic signs for Islamic schools.

Phuket’s largest mosque is in Bang Tao, and this year the first day of Ramadan coincided with the start of the Thai New Year celebrations, a promising augur after a year of economic hardship. The night before the fast began, worshipers flocked to the mosque. Women chopped shrimp, banana blossoms and armfuls of herbs for the upcoming feast.

But at the last minute, Phuket authorities canceled mass prayers fearing the virus would spread. Iftar, the breaking of the fast, takes place in houses, not in the mosque.

When local authorities attributed Covid-19 cases on the island to the upscale beach parties, Bang Tao residents became frustrated.

“We want to welcome people to Phuket, of course, but if they don’t protect themselves and bring Covid here, I’m a little angry,” said Huda Panan, an elementary school teacher who lives behind the mosque.

Ms. Huda’s husband is a taxi driver but has not worked for over a year. Most of the mosque community was dependent on tourism and worked as a concierge, cleaner, landscaper and water sports guide. Now some locals are selling dried fish and cleaning the hills for fruit that is used to add wrinkles to a local curry – whatever they can do to survive.

Occasionally, Buddhist temples, churches and mosques in Phuket distribute meals to the hungry. The lines are long. The food is running out.

“We can wait a little longer for Phuket to get better,” Ms. Huda said in the heat of the day when the daily fast became long. “But not much more.”

Muktita Suhartono contributed to coverage from Bangkok.

Categories
Health

Covid vaccine maker CureVac hopes shot will get EU approval in June

Coronavirus vaccine maker CureVac is hoping its Covid shot will get European approval in the second quarter.

Franz-Werner Haas, CEO of CureVac, told CNBC on Thursday that the vaccine maker was close to finalizing recruitment for the vaccine’s Phase 3 clinical trial. In view of the urgent need for additional effective coronavirus vaccines and the accelerated regulatory approval process, approval cannot take place long afterwards.

“According to our calculations, we expect to have the data by late April or early May,” Haas told CNBC’s Squawk Box Europe.

“We therefore assume that, depending on the dates, we will receive the approval in early June.”

As soon as the study is running, the German biotechnology company CureVac will wait for safety data and then carry out an interim analysis of the results of the late study. It is also crucial that a certain number of study participants have to wait for Covid-19 to develop to determine how effective the vaccine is in preventing the virus.

The data is then sent to regulatory authorities such as the European Medicines Agency for so-called “ongoing review”. This is where the data is analyzed by regulators to expedite the evaluation of new, potentially life-saving vaccines or drugs in public health emergencies.

The UK and EU have pre-ordered up to 455 million doses of CureVac’s mRNA vaccine, pending regulatory approval. The company is already making its vaccine, even though it hasn’t been approved, pending approval of the shot.

Haas, CEO of CureVac, said the company is trying to avoid manufacturing pitfalls that have been hit by other vaccine manufacturers. This issue was perhaps most noticeable at AstraZeneca, and has significantly relieved the vulnerability of global supply chains.

“Manufacturing is certainly a struggle right now,” he said.

“It’s not just that we manufacture ourselves, we have a whole network in Europe, with other companies that also support us in manufacturing, but it is sometimes very difficult to get the equipment to set up the plants, however also the material for the production of the mRNA. “

“But we are doing everything we can to produce as many cans as possible,” added Haas.

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Health

Boston Purple Sox chairman hopes Covid sport cancellations a ‘uncommon occasion’

Tom Werner, chairman of Boston Red Sox, told CNBC Thursday that he did not expect any coronavirus outbreaks that would materially change the course of the Major League Baseball season.

Werner’s comments on “Squawk Box” came on opening day, the start of the second MLB season to be played during the pandemic following last year’s shortened campaign.

“I’m sure we have gone beyond what we were six months ago. The baseball protocols are very strong. The players heed them,” Werner said. “Sure, I think there might be an outbreak on occasion, but I think it will be a rare occurrence when some games are canceled.”

After Werner’s appearance on CNBC, the competition between the Washington Nationals and the New York Mets, which was scheduled for Thursday evening, was postponed due to Covid concerns. A Nationals player tested positive for the coronavirus earlier this week and some teammates are being quarantined after contact tracing.

Some coronavirus protocols could relax for teams this season once a certain vaccination threshold is reached. While not many MLB players have been vaccinated yet, the league expects that number will rise once the teams are back in their hometowns after spring training, according to The Associated Press.

The 2020 season was delayed by months after the pandemic hit the US, but a 60-game schedule finally began in July. Dozens of games were postponed during the season due to Covid cases, despite making the playoffs as planned, and the Los Angeles Dodgers won the World Series in late October.

Boston Red Sox members watch during a team training session prior to the 2021 opening game on March 31, 2021 at Fenway Park in Boston, Massachusetts.

Billie Weiss | Boston Red Sox | Getty Images

This year the schedule for 162 games is back – as are the fans in the stadiums. Last year regular season games were played in empty stadiums. A limited number of spectators were allowed to take part in some playoff competitions in the fall.

At the start of the season, capacity at the Red Sox’s historic home, Fenway Park, is limited to 12%, which is just over 4,500 fans, according to NBC Boston.

Werner hopes that the number will only increase in the coming months when more Americans are vaccinated against Covid.

“I certainly don’t have a crystal ball, but we hope the vaccine rollout continues to proceed swiftly and I would certainly hope that the stadiums will be at full capacity by the end of the season,” he said.

About 29% of the US population had received at least one dose of Covid vaccine by Wednesday, according to the Centers for Disease Control and Prevention. This includes around 16% of the country’s population who are fully vaccinated.

The Pfizer and Moderna vaccines require two doses for complete protection of immunity, while the Johnson & Johnson vaccine is a single shot. These are the only three emergency vaccinations approved in the United States

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Business

Do it’s essential put on masks after Covid vaccine? New NIH-backed research hopes to reply that

Nurses remove vaccination doses from a vial while Maryland residents receive their second dose of the Moderna coronavirus vaccine at the Cameron Grove Community Center in Bowie, Maryland on March 25, 2021.

Win McNamee | Getty Images

A new study, supported by the National Institutes of Health, aims to help doctors and officials figure out what people can and cannot do after vaccinating against the coronavirus, including whether they are still wearing masks and social Need to practice distancing.

The study, funded by the National Institute of Allergy and Infectious Diseases of the NIH, will test the ability of the Moderna Covid-19 vaccine to prevent infection of the coronavirus, limit the amount of virus in the nose, and reduce transmission from vaccinated people to close contacts.

“We hope that in the next five months we will be able to answer the very important question of whether people who have been vaccinated will become infected asymptomatically and whether they will then pass the infection on to others,” said White House chief medical officer Dr. Anthony Fauci said at a press conference on Friday.

The Centers for Disease Control and Prevention has stated that fully vaccinated individuals can congregate indoors with other fully vaccinated individuals and some unvaccinated individuals without precautions such as wearing masks or maintaining a distance. Vaccinated people should continue to mask and practice social distancing in public, according to the CDC’s initial guidelines.

Scientists still don’t know whether immunized people can get asymptomatic infections or act as carriers that transmit the virus to others. As more Americans get vaccinated, this NIH study aims to answer those questions.

The randomized, controlled trial will follow 12,000 college students aged 18 to 26 at more than 20 US universities over a period of five months. Preliminary study locations were opened on Thursday.

Study participants are randomly divided into two groups. Six thousand students are immediately vaccinated with Moderna’s two-shot vaccine 28 days apart. Six thousand will be vaccinated four months later as the first control group.

Students dab their noses daily to test for coronavirus infections, fill out electronic questionnaires, and take regular blood samples.

Around 25,000 people identified as “close contacts” among the participants will also take part in the study, providing nasal swabs and blood samples. The researchers will use the close contacts to measure the level of virus transmission from vaccinated people.

More than 133 million Covid vaccine doses were administered in the US on Thursday morning, according to the CDC.

President Joe Biden set a new goal of 200 million coronavirus vaccinations Thursday in his first 100 days in office.

Categories
Health

Spirit Airways hires pilots, flight attendants in hopes of Covid restoration

A Spirit Airlines jet lands at McCarran International Airport in Las Vegas, Nevada on May 25, 2020.

Ethan Miller | Getty Images

Spirit Airlines plans to train new pilots and flight attendants as early as next month as the low-cost airline positions itself for travel recovery after the onset of the pandemic.

“We will be a great tenant again,” said CEO Ted Christie on Thursday. “The growth in the aerospace industry will be recreational and we are this guest’s primary server.”

Christie said the airline plans to hire for other positions this year. Spirit last trained a class of new pilots in May and new flight attendants last February, a spokesman said.

The airline declined to say how many employees it plans to hire this year. It ended last year with 8,756 employees, including 2,497 pilots and 4,028 flight attendants.

The airline is also recalling some workers who have taken vacation. These programs have helped avoid involuntary vacation days for unionized workers, who make up the majority of their staff. Some of these employees, such as B. Pilots must also meet federally mandated training requirements before they can return to work.

“Our training needs can only handle so much that they have to be gradual,” said Christie of the company’s hiring plans.

According to FactSet data, Spirit lost $ 428.7 million in 2020, the first annual net loss since at least 2007. U.S. airlines combined lost more than $ 34 billion to the pandemic last year, executives than the the worst crisis in the industry.

Spirit now, like others, hopes that the introduction of vaccines will help revitalize air travel. The airline expects to reach the capacity level of 2019 by the middle of the year.

“Using vaccines to reduce the total number of Covid cases should lead to more confidence in the traveling public and easing restrictions,” Christie said.

The turnaround will take some time.

Spirit and other airlines saw weaker than expected demand as Covid cases increased late last year and early 2021, and vaccine spreading began slowly. New travel restrictions like the Covid test requirements for international flights to the US also affected bookings.

Helane Becker, airline analyst at Cowen & Co., predicted that Spirit’s first-quarter sales will decrease 46% from pre-pandemic levels, and estimated a lower loss per share in 2021 than previously expected, in part is due to higher costs associated with preparing for growth during recovery. “

Spirit’s shares fell more than 8% to $ 30.01 on Thursday, but the share price still rose nearly 23% that year, more than most U.S. airlines.

Late Thursday, the House Financial Services Committee made a proposal for additional $ 14 billion wage support for airlines that have already received $ 40 billion from the government to pay workers during the pandemic. The new round of relief would oblige airlines to keep their workforce through September 30 and would be part of the Biden government’s $ 1.9 trillion coronavirus relief package.

Unions, American Airlines and United Airlines have backed another round of relief as the threat of new vacation days for up to 27,000 employees if the current package expires after March 31.

When asked if he is supporting additional aid even though the airline is hiring, Christie said, “Our industry has to be fair in all cases, so there cannot be selective aid. To the extent that the government decides to either accept the existing one expand program or modify, then I think it is to be expected that all airlines will benefit from there. “

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Business

Azek raises outlook on hopes of continued housing, transforming growth

Building materials company Azek posted double-digit sales growth in its most recent quarterly report as a glowing real estate market continues to transition into the remodeling industry.

Demand, driven by a combination of low mortgage rates, low home ownership and increased relocation activity amid the coronavirus pandemic, makes Azek CEO Jesse Singh look optimistic over the long term.

“The focus on the home really gives us long-term advantage because we really get the benefit of people investing in their homes,” he told CNBC’s Jim Cramer in an appearance on Mad Money Friday.

Coronavirus lockdowns have spurred domestic consumers to spend more money remodeling their homes, including decks and other outdoor furnishings. The increased spending resulted in a 28% year-over-year increase in the first quarter of the fiscal year ended December 31, compared to pandemics in Azek’s sustainability-focused business.

The company, which sells recycled materials for residential and commercial buildings, had sales of $ 212.3 million compared to $ 166 million last year. The residential real estate business, which accounted for around 87% of total sales, recorded a 37% increase in sales. Azek reported earnings of $ 10 million for the quarter.

The quarterly growth also outperforms the 13% growth reported by Azek in its full year 2020 results, which ended on September 30th. Total revenue for the twelve month period was $ 899.3 million.

The Chicago-based materials maker has also improved its outlook for the current fiscal year. Management is now forecasting sales growth between 14% and 18% for the current financial year, after originally forecasting sales growth from 10% to 14%.

Given that Azek makes products primarily from recycled items, Singh said it has been protected from the surge in raw material prices, including the price of wood, to the company’s benefit. As part of its earnings report, the company also announced a goal of using 1 billion pounds of recycled scrap and waste annually to make its products by 2026.

“For us, this billion pounds is really a mission for the company,” he said. “It allows us and our employees to really focus on making a difference in the environment, and it’s also our way of making a difference in the longer term against climate change.”

Singh, who headed the company in 2016 before going public in June last year, said there are several trends in the real estate market that make him optimistic about the future, including the fact that more millennial homebuyers are entering the market come.

Azek also benefits from home upgrades. It sells products for outdoor living made from low-maintenance materials, Singh said.

Last year, the company embarked on a $ 180 million multi-year investment program to expand manufacturing capacity in the United States, including adding vendors and improving its marketing skills. Acquisitions of other companies are also on the table, said Singh.

“We are still evaluating the acquisition pipeline,” he said. “We believe there is an opportunity there to continue expanding outside of the house, maintaining our margin structure, maintaining our great value proposition, but also introducing some additive products, so we will continue to evaluate that.”

Azek’s shares closed 5% higher at $ 47.19 on Friday. The stock is up 23% so far in 2021, giving it a market valuation of $ 7.3 billion.