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IATA Getting Airline Travel Pass Ready By March
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The International Air Transport Association (IATA) is working to get its Airline Travel Pass to market, hoping to make it ready within a few weeks. Alan Hayden, head of the airport, passenger, and security products, is optimistic for a March launch.
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Will You Support the Use of the IATA Travel Pass When It Becomes Available?
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Square Buys Bitcoin Worth $170 Million
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Online payment company Square buys Bitcoin worth $170 million, the company reported Tuesday. Square purchased around 3,318 bitcoins, adding it to their previous October 2020 buy of 4,709. Bitcoin now accounts for an estimated 5% of the company’s total assets. Meanwhile, Bitcoin traded around $48,000 Tuesday.
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IATA Expects Initial Take-up of Digital Health Passport To Be Slow
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5 Stocks to Watch Out For Wednesday, February 24
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- AMC Entertainment Holdings Inc ▲(AMC 7.70 USD +1.15 (17.56%) shares of the movie theater chain zoomed up 17.6% on Tuesday. New York Governor Andrew Cuomo that New York City movie theaters can open with limited capacity starting next month.
- Cimarex Energy Co ▲(XEC 57.02 USD +5.20 (10.03%)) stock prices rose more than 10%. The energy company reported a fourth-quarter net income of $24.7 million, or $0.25 per share, compared to a net loss of $384.1 million, or $3.87 per share, in the same period a year ago.
- Wynn Resorts, Limited ▲(WYNN 136.48 USD +9.73 (7.68%)) shares rose 7.68% to $136.75 Tuesday. Now on its third consecutive day of gains. Wynn Resorts Ltd. keeps setting a new 52-week high as entertainment companies anticipate a full reopening in the next few months. Las Vegas Sands, Sands China, and MGM are also getting upticks.
- McAfee Corp ▲(MCFE After hours 20.99 USD +1.54 (7.92%)) shares went up almost 8%. The security software company reported that its Q4 revenue topped Wall Street's expectations, even as it missed the bottom line. Revenue rose 14% year over year, to $777 million, yielding a net loss of 73 cents a share. Analysts predicted something lower at $739 million in revenue and profits of 31 cents per share.
- Oshkosh Corp ▲(OSK 109.62 USD +6.32 (6.12%)) shares went up more than 6% during Tuesday’s trading hours, and then rose some more after hours. The US Postal Service on Tuesday awarded Oshkosh an initial $482 million to modernize its fleet of postal-delivery vehicles. This is a very lucrative 10-year contract for the USPS’ Next Generation Delivery Vehicle (NGDV).
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