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Regions Bank Announces Disaster-Recovery Financial Services Following Hurricane Delta

Regions Bank Announces Disaster-Recovery Financial Services Following Hurricane Delta

Deferred payments and additional offers available as recovery moves forward.

Regions Bank on Tuesday announced a series of financial services, including payment extensions and the waiving of certain fees, to help people and businesses in portions of Louisiana1 that were impacted by Hurricane Delta.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005061/en/

Regions Bank is ready to serve people and businesses in southern Louisiana that have been impacted by Hurricane Delta. (Photo: Business Wire)

“In addition to the services we’re announcing today, Regions Bank is ready to offer financial advice and guidance based on our experience with disaster recovery,” said Steve Nivet, regional consumer banking executive for Regions Bank. “We encourage clients to visit our branches, consult Regions.com or give us a call to let us know about your individual needs. We have worked with clients through many natural disasters, including Hurricanes Laura and Sally. And we are here – ready to serve – as we recover from Hurricane Delta together.”

Disaster-recovery financial services available for a limited time in impacted areas1 include:

  • No check-cashing fee will be assessed for FEMA-issued checks cashed at Regions branches in impacted areas.2

  • Regions will waive or refund fees charged by non-Regions ATMs for bank clients in impacted areas for 15 days beginning Tuesday, Oct. 13.3

  • Regions will waive ATM surcharge fees for non-Regions clients using the bank’s ATMs in impacted areas for 15 days beginning Tuesday, Oct. 13.4

  • One penalty-free CD withdrawal is available.5

  • A 0.50% interest rate discount is available on new personal unsecured loans.6

  • Payment extensions are available for current credit card holders. People in affected areas can contact Regions to discuss individual needs.7

  • Regions Mortgage Disaster Relief purchase and renovation loan programs are available.

  • Business loan payment deferrals will

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Delta Air Lines Announces September Quarter Financial Results

Delta Air Lines Announces September Quarter Financial Results

September quarter 2020 GAAP pre-tax loss of $6.9 billion and loss per share of $8.47 on total revenue of $3.1 billion

September quarter 2020 adjusted pre-tax loss of $2.6 billion and adjusted loss per share of $3.30 on adjusted revenue of $2.6 billion

Delta ended the September quarter 2020 with $21.6 billion in liquidity

ATLANTA, Oct. 13, 2020 /PRNewswire/ — Delta Air Lines (NYSE:DAL) today reported financial results for the September quarter 2020.  Detailed results, including both GAAP and adjusted metrics, are on page four and are incorporated here.


Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com. (PRNewsFoto/Delta Air Lines)

“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,” said Ed Bastian, Delta‘s chief executive officer.  “The actions we are taking now to take care of our people, simplify our fleet, improve the customer experience, and strengthen our brand will allow Delta to accelerate into a post-COVID recovery.”

September Quarter Financial Results 

  • Adjusted pre-tax loss of $2.6 billion excludes $4.0 billion of items directly related to the impact of COVID-19 and the company’s response, including fleet-related restructuring charges and charges for voluntary separation and early retirement programs for Delta employees, which were partially offset by the benefit of the CARES Act grant recognized in the quarter
  • Total adjusted revenue of $2.6 billion declined 79 percent on 63 percent lower capacity versus prior year
  • Total operating expense, which includes the $4.0 billion of COVID-related items described above, decreased $1.0 billion over prior year.  Adjusted for those items and third-party refinery sales, total operating expense decreased $5.5 billion or 52 percent in the September quarter compared to the prior year, driven by lower capacity- and revenue-related expenses and strong
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Hurricane Delta squeezes oil market, already tight on supply

Hurricane Delta squeezes oil market, already tight on supply

Hurricane Delta’s path through the Gulf of Mexico squeezed the oil market, driving up prices and forcing companies to evacuate facilities ahead of the storm’s arrival, according to reports.

Energy companies worked to secure facilities and clear out employees as early as Tuesday, when the hurricane reached Category 4 status, and wind speeds reach between 130-156 mph.

Safety precautions drove oil prices up by more than 3% on Tuesday, further boosted by a workers’ strike in Norway and possible stimulus from the government, Al Jazeera reported. U.S. petrol futures rose 2% and hit their highest level since Sept. 28.

The storm warnings and dangers forced closure of 29.2% of offshore crude oil production in the northern Gulf by Tuesday, as well. That number rose to more than 80% closures by Thursday, according to the Independent Commodity Intelligence Services.

OIL PRICES RISE AS WORKERS EVACUATE OIL RIGS IN GULF AS HURRICANE DELTA APPROACHES

Bloomberg reported that the closures pushed oil beyond $40 a barrel as a result.

“Hurricane Delta has supported the latest recovery” in prices, said Ole Hansen, head of commodities strategy at Saxo Bank. “Renewed stimulus hopes have generally given assets a risk-on boost.”

The U.S. Bureau of Safety and Environmental Enforcement equated those closures to a decrease of 1.49m bbl/day and 1.33 billion cubic feet of gas since Wednesday.

CHEVRON WORKERS FACE DEMANDS TO REAPPLY FOR JOBS UNDER GLOBAL RESTRUCTURING – SOURCES

Remaining petrochemical plants and refineries in Louisiana and the surrounding area continue to monitor the storm before deciding whether or not to shut down operations as a precaution. The storm weakened to a Category 2, with a brief return to a Category 3,

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