Editor's note: Billy Warden is a writer, multimedia producer and the co-founder, with Greg Behr, of the p.r./marketing firm GBW Strategies. RALEIGH - Sheryl
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.”
Days before the end of the current Administration, a U.S. banking industry regulator finalized a rule under which large American banks cannot deny lending money to oil and gas companies
The action is expected to be challenged by banks and the Biden Administration; the Fed chair says the central bank has no plans to raise rates or tighten monetary anytime soon.
The Office of the Comptroller of the Currency has argued banks with more than $100 billion in assets may exert significant pricing power or influence over sectors of the national economy, Axios reported Friday.