Oct. 13 (UPI) — Delta Air Lines announced Tuesday a net loss of $5.38 billion in the third quarter, or a $6.9 billion pre-tax loss, and said improvements in customer traffic could signal a slow turnaround for the carrier.

The company’s loss compared with a $1.5 billion profit during the same period a year ago. Revenue for the quarter was $3.06 billion, down 75.6% from the same period a year ago, the company reported.

Delta reported that $4 billion of its losses were directly due to COVID-19 and the company’s response, including fleet-related restructuring charges and charges for voluntary separation and early retirement programs for Delta employees.

“While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been encouraged as more customers travel and we are seeing a path of progressive improvement in our revenues, financial results and daily cash burn,” Delta Chief Executive

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SINGAPORE – Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.

Brent crude LCOc1 for December fell 55 cents, or 1.3%, to $42.30 a barrel by 0023 GMT and U.S. West Texas Intermediate CLc1 for November was at $40.08 a barrel, down 52 cents, or 1.3%.

Front-month prices for both contracts gained more than 9% last week, the biggest weekly rise for Brent since June, but fell on Friday after Norwegian oil firms struck a wage bargain with labour union officials, resolving a strike that threatened to cut the country’s oil and gas output by close to 25%.


“We had good support for both Brent

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OVERLAND PARK, Kan., and PITTSBURGH, Oct. 1, 2020 /PRNewswire/ — Netsmart and Delta Care Rx have teamed up to ensure that client hospice and serious illness providers utilizing Delta Care for their pharmaceutical care solution and Netsmart for their electronic health record (EHR) benefit from the advantages of an innovative, seamless, two-way interface that ensures nurses can save time entering information into the patient’s health record and spend more time caring for patients and families at the bedside.

The two leaders in providing essential services to hospice, palliative care and serious illness providers have created a secure dataflow between Delta Care’s pharmacy record and the Netsmart Hospice EHR, myUnity®. This solution enables hospice nurses to consult with Delta Care’s 24/7/365 pharmacists by phone to create, add to or change a hospice patient’s medication regimen, and seamlessly integrate that information to the patient’s health record.

“We’ve worked hard with

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I believe Delta Apparel, Inc. (DLA) will increase dramatically, with upside potential of $45+, due to imminent catalysts and the stock’s tremendous undervaluation. There are also many catalysts that I expect to drive an upward revaluation, most imminently DLA’s next earnings report (expected in November) which I project to be tremendously above consensus (one analyst) expectations. There has been the perfect storm of positive events that have occurred for DLA, yet the stock has barely reacted, and is near multi-year lows.

DLA is a high-growth technology and apparel company being undervalued by the market, because it is a small-cap in the apparel retail sector.

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The global smart ceiling fans market is expected to grow by USD 59.74 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 2%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005496/en/

Technavio has announced its latest market research report titled Global Smart Ceiling Fans Market 2020-2024 (Graphic: Business Wire)

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Read the 120-page report with TOC on “Smart Ceiling Fans Market Analysis Report by End-user (Residential and Commercial), Geography (APAC, North America, Europe, South America, and MEA), Distribution channel (Offline and Online), and the

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CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through The Points Guy affiliate network if you apply and are approved for a card, but our reporting is always independent and objective.

Travel isn’t a priority at the moment, but eventually planes will return to the skies. And when that happens, the airlines are likely to offer some great award sales to get people back onto flights. Ideally you’ll want to have a pile of frequent flyer miles ready to go so you can take advantage.

Fortunately, American Express has just launched several limited-time welcome offers on its Delta credit cards. Right now you can earn up to 60,000 bonus miles by signing up for a new personal Delta credit card from American Express, and up to 70,000 bonus miles for a business credit card.

Let’s start

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Delta Air Lines plans to raise $6.5 billion in debt backed by its SkyMiles loyalty program as part of its efforts to bolster its liquidity in the current crisis. DAL stock rose 3.5% on September 14 in reaction to the announcement.

Delta Air Lines (DAL) and its newly formed subsidiary SkyMiles IP Ltd. intend to raise $6.5 billion through a private offering of senior secured notes and a senior secured term loan facility. SkyMiles will lend the net proceeds of the bond offering and term loan to Delta, after a portion of the proceeds is deposited in a reserve account.

The Atlanta-based airlines is eligible for a $4.6 billion federal loan under the CARES (Coronavirus Aid, Relief, and Economic Security) Act, but said that it does not intend to pursue this loan.

Delta’s peers United Airlines and American Airlines have also announced plans to use their loyalty programs

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  • Delta Air Lines said it will raise $6.5 billion by mortgaging its SkyMiles frequent flyer program.
  • The airline will spin the program off into a separate holding company for the deal, something United pioneered with a similar deal in July.
  • Airlines, including Delta, continue to hemmorhage cash during the coronavirus pandemic.
  • Visit Business Insider’s homepage for more stories.

Delta Air Lines will become the latest airline to raise cash by using the billions it earns from its frequent flyer program as collateral.

The airline said on Monday that it would raise $6.5 billion in loans backed by its SkyMiles program in a private notes offering.

Airlines have raised cash through the pandemic largely by offering physical assets like aircraft as collateral, as well as airline business assets such as slots, routes, and airport gates.

For US airlines, however, frequent flyer programs, with valuations in the tens of billions of dollars,

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Delta Air Lines  (DAL) – Get Report said Monday it was looking to raise $6.5 billion through new bonds and loans backed by its SkyMiles loyalty program as the air carrier struggles to survive the economic shutdown brought on by the coronavirus pandemic.

Shares of the Atlanta-based carrier were up $1.61 tp $32.20 in premarket trading.

SkyMiles IP Ltd. intends to lend the net proceeds from the offering of the notes and the new credit facility to Delta, after depositing a portion in a reserve account.

Delta expects to use the proceeds for general corporate purposes and to bolster its liquidity.

The airline and SkyMiles IP Ltd., a newly created subsidiary named for the loyalty plan, will be co-issuers of the senior secured notes and co-borrowers under the credit facility,

While Delta has said it could furlough nearly 2,000 pilots in October without more federal aid, the air

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Like just about every airline, Delta is working to convince passengers that it’s safe to fly during the coronavirus pandemic. It started off with the plane itself, blocking middle seats and spraying disinfectant on a regular basis.

Now, Delta is tackling the next part of the travel experience: the airport.

The Atlanta-based airline announced two new safety and sanitization initiatives at airports this week as airlines prepare for a stall in demand recovery between the summer and holiday travel seasons.

Delta said it would replace the air filtering systems on the jet bridges that passengers use to walk from the gate onto their planes, and announced new anti-microbial bins at security checkpoints at five of its hubs. The moves come as travel demand remains severely depressed over the same period in 2019. Airlines are desperate for demand to grow as they continue to bleed cash.

Although airplanes recirculate some cabin

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