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Delta Air Lines’ 1Q profit rises 27 percent to $946 million

Delta Air Lines' 1Q profit rises 27 percent to $946 million

DALLAS (AP) — Cheaper jet fuel continues to give airlines a lift, helping Delta boost its first-quarter earnings by 27 percent to $946 million. The airline spent one-third less on fuel than it did a year earlier, a savings of more than $700 million. That offset higher spending on labor, especially profit sharing for employees. The news was not entirely ...

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Professor: Gas industry in Marcellus Shale saved labor force

While the rest of the economy was in a recession, one union president says skilled laborers wallowed in what was more like a depression akin to the 1930s. Sean McGarvey, president of North America’s Building Trades Unions, boasted if not for the boom that started in 2006, thousands of skilled tradesmen like carpenters, plumbers and pipe fitters would still be ...

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Supplying energy supplies jobs

There’s more evidence that the U.S. oil and natural gas industry is driving economic growth – not just in the industry itself, but also in the vast supply chain that sustains energy development – adding to overall GDP, wages and revenues to government. A new IHS study, commissioned by the Energy Equipment & Infrastructure Alliance (EEIA) estimates that employment growth in the ...

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Balancing oil and agriculture

Western North Dakota, once a desolate expanse of farming and ranching communities, has experienced a flurry of activity unlike the state has ever seen. Small towns dotting the landscape are finding themselves hubs of the shale industry since hydraulic fracturing made the sea of shale oil underneath them accessible. People from out of state flooded into oil country. Farmers suddenly ...

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