Covid-19 Crashes Virgin Atlantic

Richard Branson's airline, Virgin Atlantic, has filed for bankruptcy.  Watch for more airlines to follow suit.

Branson has struggled for months to keep the airline in business.

British billionaire Richard Branson has offered to put his private island up as collateral in order to save his Virgin Atlantic airline from collapse.

In an open letter to all of Virgin Group, Branson pledged his private Necker Island, which is located in the British Virgin Islands, as collateral to save Virgin Atlantic.

"As with other Virgin assets, our team will raise as much money against the island as possible to save as many jobs as possible around the Group," Branson said.