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Greater than expected demand has led easyJet to increase the number of flights it is offering over the summer, despite continuing uncertainty over the coronavirus pandemic. The budget airline expanded its schedule to 40% of normal capacity between July and September rather than the 30% previously expected. The carrier said it has seen strong demand from UK holidaymakers flying to Greece, Turkey and Croatia. In response to the upbeat move, the company's shares, which have lost more than 60% of their value since the start of the year, leapt 8%.
Virgin Atlantic has filed for bankruptcy in the US as the global aviation industry feels the impact of the coronavirus pandemic. The UK-based airline is seeking protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the country. It is the second Virgin-branded airline to struggle this year. Virgin Australia went into administration in April. Meanwhile, Virgin Australia's new owner Bain Capital is set to cut 3,000 jobs. The move comes less than a month after the company said it had agreed a rescue deal worth £1.2bn ($1.6bn) to secure its future beyond the coronavirus crisis.
Dixons Carphone is getting rid of 800 managers in its stores as it continues to cut costs despite benefiting from a surge in demand for laptops, monitors, and games consoles during the lockdown. The retailer is the latest big high street name to announce job losses as the economic upheaval created by the coronavirus pandemic takes it toll. The jobs blow adds to the 2,600 redundancies announced on Monday at the retail and gym chain DW Sports and tour operator Hays Travel. The restructuring is on top of the 2,900 jobs cut in April when Dixons closed the struggling Carphone Warehouse chain, which had 531 standalone stores.
#Dixons #VirginAtlantic #EasyJet #Kalkine
