Delta Lost More Than $12 Billion Last Year
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Empty Delta ticket counters at Salt Lake City International Airport in April. The airline reported a loss of nearly $12.4 billion for 2020.Credit.Rick Bowmer/Associated Press
Delta Air Lines lost $755 million in the fourth quarter, bringing its losses to nearly $12.4 billion in 2020, a year in which the airline industry was battered by a pandemic that crippled air travel.
“Our December quarter results capped the toughest year in Delta’s history,” Ed Bastian, Delta’s chief executive, said in a statement Tuesday morning. “While our challenges continue in 2021, I am optimistic this will be a year of recovery and a turning point that results in an even stronger Delta.”
Sharp Rise in Jobless Claims Underscores Pandemic s Economic Toll: Live Updates nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
A Quarantine Nightmare: Three Weeks in a Hotel, if You Can Find One
Hong Kong’s abrupt new entry requirement which has shaken travelers, domestic workers, airlines and hotels alike stands out for its length and has been questioned by scientists.
The luxury Landmark Mandarin Oriental is one of Hong Kong’s quarantine hotels.Credit.Lam Yik Fei for The New York Times
Published Jan. 6, 2021Updated Jan. 26, 2021
HONG KONG Before boarding her flight to Hong Kong for a new job last month, Tanja Cunz made sure she had met all of the government’s stringent entry requirements. Ms. Cunz, a 34-year-old museum curator from Switzerland, took a coronavirus test, paid for two weeks of quarantine at a government-designated hotel and steeled herself for half a month without fresh air.
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Jih Sun pans Fubon tender as too low
HOSTILE TAKEOVER: Jih Sun Financial Holding Co said Fubon Financial Holding Co did not detail a plan for its workers, adding that layoffs would affect many households
By Kao Shih-ching / Staff reporter
Jih Sun Financial Holding Co (日盛金控) has suggested that its shareholders reconsider selling their shares to Fubon Financial Holding Co (富邦金控), saying that Fubon’s offer of NT$13 per share is too low.
The company’s response to a tender offer begun last month by Fubon Financial emerged in a regulatory filing late on Tuesday, which said that its larger rival’s offer represented a premium of just 4.9 percent over Jih Sun’s net asset value per share of NT$12.39 at the end of September last year.