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Hi Reader, here's what you need to know for March 6th in 2:51 minutes.

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Today's big stories

Lufthansa joined its rivals in predicting a jet-powered recovery this year
Here’s one way to make the most of the market’s volatility – Read Now
Russia’s energy revenues have tanked in the last year

Plane And Simple

What’s Going On Here?

Lufthansa made the airline business look like child’s play, with high-flying results out on Friday.

What Does This Mean?

Airlines are back, baby. The performance of Air France-KLM and IAG suggested as much, and now Lufthansa – the final major European airline to report – has banished any lingering doubts. See, the German carrier said the number of passengers it flew last year more than doubled from 2021, and its operating profit swung into the black too. There was one caveat, though: those passenger and operating profit figures still fell short of pre-pandemic levels, by 28% and 34% respectively. But Lufthansa’s predicting another big upswing – and with demand for business travel and sunny summer getaways already strong, the firm could well be right. Investors were convinced, at any rate, bumping shares up by 5%.

Why Should I Care?

The bigger picture: Plane sailing.
Even Lufthansa’s long-haul business, which looked like it was toast not so long ago, is making a comeback. In fact, demand’s so strong that the firm’s gone and ordered 22 new widebody planes from Airbus and Boeing, in deals worth a total of $7.5 billion. And in good news for the struggling manufacturers, it seems that’s part of a trend: Airbus announced plans to ramp up production of its biggest planes just last month, in a bid to meet rebounding long-haul demand.

Zooming out: Final call.
Promising the stars is all well and good, but reaching them requires a rocketship – a tall order when it’s hard to board even a meager plane. See, understaffed and under-resourced airports caused all kinds of trouble last summer, and no one wants a repeat of those scenes this time around. That’s got Lufthansa scrapping some flights, and battle-scarred airports limiting capacity too.

You might also like: The highs and lows of investing in the airline industry.

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Analyst Take

How To Profit In A Range-Bound, Choppy Market

By Theodora Lee Joseph, Analyst

Exchange-traded funds (ETFs) can be a great way to diversify, and they’re becoming more and more sophisticated.

Besides allowing you to gain easy exposure to a market index, some also allow you to hedge your currency or interest rate exposure.

If you’re like me, with a soft spot for high-yielding assets but no strong view about where the market’s headed over the next 12 months – then it’s time to ask yourself whether a covered call ETF could work for your portfolio.

They do well when market volatility is high, with potential yields of up to 13%.

That’s today’s Insight: the ETFs that could help you make the most of a range-bound, choppy market.

Read or listen to the Insight here

You’re on a tax deadline – and not the one you think

The end of the tax year is looming, so you’ll soon need to part with your hard-earned cash.

But you can make sure you don’t pay more than you have to: by sheltering up to £20,000 into an Interactive Investor ISA, you can let your investments grow in a tax-efficient environment.

And because Interactive Investor charges low flat fees instead of a percentage, you could end up much better off in the long term.

What’s more, you can choose from over 40,000 global stocks, and you’re free to make changes or withdraw your cash whenever you want.

So if you want to shelter £20,000 this tax year, you can open and fund an Interactive Investor stocks and shares ISA by April 5th 2023.

Find Out More

The value of your investments may go down as well as up. You may not get back all the money that you invest. Tax treatment depends on your individual circumstances and may be subject to change in the future. If you are unsure about the suitability of an investment product or service, you should seek advice from an authorised financial advisor.