Tuesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
American Airlines
American Airlines anticipates that most of its aircraft will be in active use in the second quarter of 2021, as more travelers book flights and vaccine eligibility expands across the country.
As of Monday, American Airlines said its seven-day moving average of net bookings is 90% of its 2019 average.
IRS
The deadline to contribute to individual retirement accounts and health savings accounts is May 17, the same day that individual federal income tax returns are due.
The IRS made the announcement following increased calls for more time following passage of the American Rescue Plan, which made changes to taxes midseason.
Individual states may have different deadlines.
Visa
Visa said it will allow the use of cryptocurrency USD coin to settle up transactions in its payment network.
It has launched the pilot program with payment and crypto.com and the company said it plans to offer the option to more partners later this year.
Visa’s move negates the need to convert digital coin into traditional money in order for the transaction to be settled.
King Soopers
King Soopers announced Tuesday a donation of $1 million to the Colorado Healing Fund to support the needs of victims, families, survivors and the community affected by the recent Boulder, Colorado supermarket tragedy.
Kroger is the parent of King Soopers, the grocery store brand where the shooting too place.
Customers can also make donations at the store.