⁍ Oil producers can’t stop the bad news. World energy demand may not make a full recovery until 2025.

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⁍ Delta Air Lines is looking less bad, and that’s saying something.

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⁍ Johnson & Johnson’s vaccine ‘pause’ is another stumble on the increasingly treacherous path to a Covid-19.

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– Pandemic H1N1 may be over, but it’s far from over for the world’s airlines. Delta Air Lines is expected to report third-quarter results after the close of trading on Wednesday, reports the Wall Street Journal. The airline has been losing money since the start of the year, but its cash burn has slowed to $18 million per day from $27 million per day in June, reports Reuters. The company expects that loss to narrow to as little as $10 million by the end of the year. With $16 billion in cash or the equivalent on the balance sheet, Delta could last more than four years at the burn rate predicted for the end of 2020 before running out of dough. The company seems to be managing itself fairly well through the pandemic. While Chief Executive Ed Bastian said it could be two years before the airline achieves a ‘normalized revenue environment,’ it has cut down on fleet, headcount, and overhead since the start of the year. During a pandemic, that’s the equivalent of liftoff. Meanwhile, China Eastern Airlines, one of the country’s Big Three state carriers, is getting a $4.6 billion injection of capital after losing $1.3 billion in the first half. Rival China Southern received similar help last year. This case involves no private money, only funds from different government-controlled investors, including a life insurer and a tourism company. However thin the reform excuse, cash is always welcome. It lands at a good time for $10.8 billion China Eastern, whose Hong Kong shares have tumbled 23% this year as passenger traffic nosedived. J&J might also struggle to recruit the 60,000 participants it needs for its final trial.