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BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP reported a 96 per cent drop in fourth-quarter profits as the hit to energy demand from the pandemic and weaker trading results took the UK oil major to its first annual loss in a decade. Underlying profit on a replacement cost basis — the measure of income tracked most closely by industry analysts — was $115m in the three months to December 31. This fell short of analyst expectations of a profit of $370m, according to a company-compiled estimate, and compares with $2.6bn in the same period the year before. It has been a brutal year for the industry,…

Luxury start-up airline Aero starts flights next month: features, routes, price

Aero is the newest airline in the United States to start flights between Los Angeles and Aspen, Colorado on February 4th. The leisure-focused luxury airline aims to offer a "radically better premium experience for leisure travel." Prices start at $ 990 one-way for February flights and rise to $ 1,250 in March and April for flights with a private jet-like flight. Visit the Business Insider website for more stories. The pandemic has shifted travel trends in favor of recreational flights, and airlines have been eager to accommodate them. Aero is a new leisure airline launching its first flights on February…

3 reasons to refinance your mortgage right away

If you're thinking of leveraging today's record low refinancing rates, now's the time to do so. Here's why it's better to refinance faster than later. (iStock)If you own a home and saving money is your goal, it may be time to consider a mortgage to both lower your monthly payments and reduce the life of the loan. Borrowers can currently benefit from lower rates has happened as a result of the coronavirus pandemic, but today's low mortgage rates do not last forever.With that in mind, it may be best to take a step soon. To get started on a home…

This VIP Super Bowl package includes private jet and yacht charter – Robb Report

Although participating super Bowl LV in Tampa this weekend is probably out of the question for most football fans, you can still watch the Big Game in style thanks to this sumptuous VIP package by Magellan Jets and IYC. Designed for high rollers, the experience combines the excitement of the Super Bowl with a relaxing island getaway to ensure you and your teammates are both entertained and rejuvenated. Of course, it can also be tailored to meet the needs of each posses. First, one of the luxurious private jets from Magellan's fleet will take you and your friends to a…

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