U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of associated with blending of renewable fuels into their products.
Supporters of President Donald Trump who harassed Senators Mitt Romney and Lindsey Graham in separate incidents have been placed on Delta Airlines' no-fly list
US airlines could lose more than $35 billion due to pandemic, financial research firm FACTSET reports
Many industries feeling economic impact, including airlines
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Airline stocks in 2020 has dropped the most in years. American Airlines’ share price lost 45%, its biggest percentage decline since before the carrier’s 2013 merger with US Airways.
Delta Airlines’ stock lost 31%, while United Airlines fell 51% over the last 12 months, its biggest drop since 2008. Southwest shed 14%.
The S&P 500, meanwhile, rose by more than 16% in 2020.
The pandemic forced carriers to quickly shrink, cut routes and park hundreds of jets. U.S. carriers’ increased their total debt by $67 billion in 2020 to more than $172 billion to weather the crisis, according to trade group Airlines for America. Paying that down will be a headwind over the next several years.
John Whittaker
Pictured are Allie Burdick, Cattaraugus County commander; Jim Lemanski, Chautauqua County commander; Howie Van Rennselaer; Stan Kawski, 8th District chaplain; and Steve McCord, 8th district service officer and Cattaraugus County director of Veteran Services.
Submitted photos
Editor’s Note: The Post-Journal is looking back at the top stories of 2020 and the way they will shape the coming year. Today, 20 for 2020 looks at the municipal stories that were among the most-read in the newspaper this year.
Chautauqua County is home to 134,000 or so people, depending on the time of year and just about every one of them has an interesting story to tell.