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Virgin Atlantic Airline planes in Manchester Airport on June 8. Photo: Oli Scarff/AFP via Getty Images

British airline Virgin Atlantic filed for Chapter 15 bankruptcy on Tuesday as a result of the economic disruption set off by the coronavirus pandemic, Business Insider reports.

Why it matters: This is the second airline belonging to billionaire Richard Branson's Virgin Group to file for bankruptcy protection this year, following Virgin Australia's filing in April.

The bottom line: Delta, which owns 49% of Virgin Atlantic, has made it clear that it will not save the airline from potential bankruptcy restructuring with a cash injection, Insider reports. Virgin Atlantic said it would cut over 3,000 jobs in May.

Go deeper: Airlines' social distancing policies are starting to separate their stock prices

Go deeper

Oct 1, 2020 - Economy & Business

Airlines begin mass layoffs while clinging to hope for federal aid

Photo: Thierry Monasse/Getty Images

American Airlines and United Airlines said they will begin furloughing 32,000 employees Thursday, as federal aid that propped up the industry during the pandemic expires, with no deal in sight for an extension.

Why it matters: As many as 50,000 workers across the industry face immediate job losses unless lawmakers and the White House can agree on a broader pandemic-relief package that includes more federal aid for airlines.

Chicago releases video of fatal police shooting of 13-year-old boy

A small memorial is seen on April 15 in Chicago where 13-year-old Adam Toledo was shot and killed by a police officer in March. Photo: Kamil Krzaczynski/Getty Images

Chicago's independent police review board on Thursday released the body camera footage of an officer's fatal shooting of 13-year-old Adam Toledo on March 29.

The big picture: Tension continues to rise nationwide in response to police misconduct and racism. Thursday's footage release comes days after officer Kim Potter fatally shot Daunte Wright in a traffic stop near Minneapolis, where the trial of Derek Chauvin, a former police officer accused of murdering George Floyd, is ongoing.

3 hours ago - Podcasts

State AG candidate Jen Jordan talks Georgia's time under the microscope

Georgia has become the center of American politics, in an era wherein state issues and officials have taken on elevated national prominence.

Axios Re:Cap speaks with Georgia state Sen. Jen Jorden, a Democrat running for attorney general, about her state's time in the national spotlight, if she'd defend the voting law as AG and if Will Smith should have pulled his movie production from her state.