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

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Dion Rabouin, author of Markets
Aug 21, 2020 - Economy & Business

Short sellers pile into American Airlines

Data: S3 Partners; Chart: Axios Visuals

Loaded with debt and cutting back on coronavirus safety precautions, American Airlines has attracted a lot of attention from short sellers who may be betting on a bankruptcy.

Driving the news: American’s stock fell 1.4% Thursday after it announced plans to suspend service to 15 small U.S. cities in October after the terms of its CARES Act aid requiring the flights expires.

Aug 21, 2020 - Health

Delta Air Lines adds widespread virus testing to reassure travelers

Illustration: Sarah Grillo/Axios

A widely available coronavirus vaccine would go a long way toward rebuilding public confidence in air travel, but until it arrives, Delta Air Lines believes widespread, proactive COVID-19 testing for employees will help win passengers' trust.

What's happening: In partnership with the Mayo Clinic and Quest Diagnostics, Delta plans to test every one of its 75,000 employees for both active COVID-19 and antibodies by the end of the month.

Updated 25 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 32,881,747 — Total deaths: 994,821 — Total recoveries: 22,758,171Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 7,079,909 — Total deaths: 204,503 — Total recoveries: 2,750,459 — Total tests: 100,492,536Map.
  3. States: New York daily cases top 1,000 for first time since June — U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.