Government programs to blunt the economic impact of the coronavirus pandemic will make the federal budget deficit much wider in 2020 than at any point in the last 75 years. The nonpartisan Congressional Budget Office’s new forecasts, predict that the deficit will be over $3.3 trillion this year, or 16% of annual economic output. Measured as a share of GDP, ...

Bloomberg Virgin Atlantic Airways Ltd will eliminate 1,150 more jobs to preserve its rescue funding as demand for long-distance flights remains depressed and Britain winds down its worker furlough program. The cuts take the number of posts lost since the start of the Covid-19 crisis to 4,700, or about 45% of the workforce. Hundreds of cabin crew will also be ...

Bloomberg United Airlines Holdings Inc is boosting its schedule in October, including expanding flights to Hawaii, as it seeks to make the most of higher demand for leisure destinations during the pandemic. The carrier will fly 40% of its schedule from a year earlier. The plan represents a slight increase from September, when United flew 34% of its year-earlier roster. ...