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Johnson's departure: The state of the resig-nation

Johnson's departure: The state of the resig-nation

UK prime minister Boris Johnson is officially out of 10 Downing Street after an avalanche of resignations from within his own government, following a string of scandals.

State of the resig-nation

Data compiled by the Institute for Government (recreated above) shows how Johnson's tenure had already been dogged by more ministerial departures than many of his predecessors in his first 3 years in office. But the pressure on his premiership ratcheted up significantly on Tuesday when two key ministers, chancellor Rishi Sunak and health secretary Sajid Javid, left their positions within 10 minutes of each other — writing some pretty damning resignation letters in the process.

As Johnson clung to power in the wake of those departures, he worked quickly to re-assemble his top team. He was hopeful that his new appointment to Chancellor, Nadhim Zahawi, would be a powerful ally. Instead, less than 24 hours after being given the job, Zahawi himself told Johnson it was time to go.

All told Johnson saw a total of 46 ministers resign from his government, most coming in the span of just a few days. That's the most of any modern PM — despite a relatively short tenure of nearly 3 years in office. From here, the question of who is living at Number 10 in a few months time is straightforward: it's going to be Larry the chief mouser and whoever wins the internal struggle for the British Conservative party leadership.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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