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1.28am GMT
No flights, no planes, no crew, no fares – November! Late autumn is, even on easyJet’s standard aviation calendar, quite the worst time of any year, but 2020 has been something else.
On Tuesday, the airline unveils its annual results from what it can only hope are the depths of the Covid-19 abyss. A trading update last month warned on much of the misery – losses of up to £845m, not counting “non-headline items” such as a £145m bad bet on fuel hedging, and the immediate £120m cost of laying off about a third of its staff. The cash burn of around £50m a week over summer “compared favourably” with the previous three months, it said:
Related: Even with hope of a vaccine in the air, life isn't simple for easyJet
1.20am GMT
Tesla Inc Chief Executive Officer Elon Musk said on Saturday he “most likely” has a moderate case of Covid-19, as he continued to question the accuracy of the tests.“Am getting wildly different results from different labs, but most likely I have a moderate case of covid. My symptoms are that of a minor cold, which is no surprise, since a coronavirus is a type of cold,” Musk wrote in a tweet.
Am getting wildly different results from different labs, but most likely I have a moderate case of covid. My symptoms are that of a minor cold, which is no surprise, since a coronavirus is a type of cold. Continue reading...