frank appel, thank you for your time this morning.to get a recap of the first word news with laura wright. laura: u.s. airlines urging the biden administration to take the lead in developing a temporary virus passport to reopen global travel. industry leaders say the white house has to act quickly to develop these standards to support the industry. it comes amid a significant slowing of infections in the u.s. despite an uptick globally. president biden's giant $1.9 trillion stimulus bill is set to sail through the house, and treasury secretary janet yellen is dismissing fears the package is so big it will cause an inflation problem. she tells msnbc she doesn't think prices will run to hide, but if they do, they are tools to deal with that. barclays is set to plan job cuts as part of a cost-saving measure. sources say around 60 positions will go, including senior roles in the u.s.. covid-19 has slammed the lending business, and it seems that continuing this year. no comment from barclays. global news 24 hours a day on air and bloomberg

so we spoke earlier to frank appel about the guidance, and take a look at what's in store for 2021. >> we will continue to spend a lot of capx, our business has to follow the demand of our customers. we have invested heavily, buying additional 84447 for our global network, and will continue our equipment in warehouses and the good news is our free cash flow is strong enough to serve both you know, we can not only invest, you know, significantly into our operations, we can at the same time give back to our shareholders and i think that shows our commitment and, you know, a clear confidence that our business will continue to grow >> so with the hike guidance for this year when it comes to ebit, they're well on track to reach their target of 2023 of an ebit volume of 6 billion euro this year they're using their free cash flow plus more money to invest a lot in their infrastructure they want to modernize their existing aircraft fleet, not only adding more aircraft to it, and also modernizing their national and international infrastructure, and of course they spend more money into digitali