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Richard Branson’s Virgin Atlantic is seeking Chapter 15 bankruptcy protection in the US while it scrambles to finalise a rescue plan

Richard Branson’sVirgin Atlantic airline filed for Chapter 15 bankruptcy protection in New York on Tuesday. The airline, which flies only long-haul international routes, suspended passenger flights in April because of the coronavirus pandemic. It resumed them in July, despite little demand for international travel. The airline, 49% of which is […]
Richard Branson’s Virgin Atlantic is seeking Chapter 15 bankruptcy protection in the US while it scrambles to finalise a rescue plan
News

Emirates is trying to limit layoffs by offering workers unpaid leave, and it reveals a weakness in the company’s unusual business model

Emirates will offer four months of unpaid leave to pilots and flight attendants, part of an apparent effort to delay or avoid further layoffs. The Dubai-based airline has seen demand for international travel collapse during the coronavirus pandemic. In an interview with Business Insider, Emirates president Tim Clark described the […]
Emirates is trying to limit layoffs by offering workers unpaid leave, and it reveals a weakness in the company’s unusual business model
News

United Airlines lost $1.6 billion in the second quarter because of the COVID-19 pandemic — better than Delta’s $5.7 billion hit

United Airlines announced a $US1.6 billion net loss for the second quarter, as the coronavirus upended the global demand for air travel. Although substantial, United’s loss was significantly less than the $US5.7 billion hit Delta reported. United warned 36,000 employees of potential furloughs or layoffs as demand remains low. Visit […]
United Airlines lost $1.6 billion in the second quarter because of the COVID-19 pandemic — better than Delta’s $5.7 billion hit