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Lindblad Expeditions Holdings, Inc Reports 2021 Second Quarter Financial Results
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LINDBLAD EXPEDITIONS HLDGS INC (LIND) Q4 2020 Earnings Call Transcript
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2020 was a dismal year for movie theaters. Amidst the coronavirus pandemic, the domestic box office plummeted 80% from 2019, as theatergoers stayed home in droves, opting to watch programs and movies on streaming platforms like Disney Plus, Netflix, and Amazon Prime.
Locally, San Antonio-based Santikos Enterprises also felt the pinch, despite being open since May with COVID-19 safety measures such as weekly virus testing for employees, and advanced hygiene and sanitization methods at its theaters. A normal year of revenue would have been about $110 to $115 million dollars, according to CEO Tim Handren. Last year’s take was only about a quarter of that. Not only is that bad for keeping the business open, but it also meant no profits were funneled into the San Antonio Area Foundation, which Santikos contributes to per the directive of the cinema chain’s late owner, John L. Santikos.
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On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the
Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to individuals, businesses, and hospitals in response to the economic distress caused by the coronavirus (COVID-19) pandemic. The votes were overwhelming as the Senate passed the bill with a 92-6 vote and the House of Representatives passed it by a vote of 359-53. President Trump was widely expected to sign the legislation, but he has now stated that he will veto it unless the $600 checks sent to individuals are increased to $2,000. The legislation was passed by wide enough margins to override the veto, but it is not yet known if Congress will take that action. The future of the legislation remains uncertain for now. The relief bill was included as Division N of a larger legislative package that included govern
Wednesday, December 23, 2020
On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the
Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to individuals, businesses, and hospitals in response to the economic distress caused by the coronavirus (COVID-19) pandemic. The votes were overwhelming as the Senate passed the bill with a 92-6 vote and the House of Representatives passed it by a vote of 359-53. President Trump is expected to sign the legislation into law. The relief bill was included as Division N of a larger legislative package that included government funding and other bills. The complete text of the legislative package can be found here, and it was the result of last-minute frantic negotiations. Below is a detailed summary of every provision of the COVID relief bill. You can find our Top 10 takeaways summary here.
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