Kraft Heinz, Van Leeuwen Unveil Limited-Edition Macaroni & Cheese Ice Cream

EasyJet Q3 Headline Pre-tax Loss Narrows, Revenues Surge; Sees Capacity Growth In Q4

easyJet Plc.(ESYJY.PK,EZJ.L) reported Tuesday that its third-quarter headline loss before tax was 318.3 million pounds, narrower than last year’s loss of 346.8 million pounds.

In its trading update, the company said its third-quarter performance is in line with management expectations with the continued delivery of the cost programme and cash burn outperforming.

In the quarter, total group revenue surged to 212.9 million pounds from 7.2 million pounds a year ago.

Passenger revenue soared to 151.9 million pounds from 3.6 million pounds last year.

Passenger numbers for the quarter was 2.99 million, up from 117 thousand a year ago. Capacity grew to 4.5 million seats from 132 thousand seats last year.

As a result of the Covid pandemic, easyJet’s fleet had been fully grounded for all but two weeks of the third quarter 2020, flying just 117,000 seats.

During the third quarter easyJet flew 17 percent of pre-pandemic third-quarter 2019 capacity, slightly ahead of expectations.

Total cash burn during the quarter reduced to 55 million euros.

Looking ahead, easyJet expects its capacity in the fourth quarter will be up to 60 percent of 2019 levels, up from 17 percent in the third quarter 2021.

U.S. Business Inventories Increase In Line With Estimates In May

A report released by the Commerce Department on Friday showed U.S. business inventories increased in line with economist estimates in the month of May.

The Commerce Department said business inventories rose by 0.5 percent in May following a revised 0.1 percent uptick in April.

Economists had expected business inventories to climb by 0.5 percent compared to the 0.2 percent dip originally reported for the previous month.

The increase in business inventories came as wholesale inventories jumped by 1.3 percent and manufacturing inventories advanced by 0.9 percent, more than offsetting a 0.8 percent drop in retail inventories.

Meanwhile, the Commerce Department business sales fell by 0.3 percent in May after climbing by 0.6 percent in April.

The pullback in business sales came as retail sales tumbled by 2.4 percent, while wholesale and manufacturing sales rose by 0.8 percent and 0.7 percent, respectively.

With inventories rising and sales falling, the total business inventories/sales ratio inched up to 1.26 in May from 1.25 in April.

UK weather: 10 tips to stay cool and safe in a heatwave

As the Met Office issues its first ever extreme heat warning for many parts of the UK, it’s important for people to stay safe and be able to cope with the heatwave.

EasyJet ramps up summer capacity to 60% of pre-pandemic levels

British airline easyJet said it would fly 60% of its pre-pandemic capacity in the July-Sept period, a big jump from the 17% it flew in the previous quarter, as Covid-19 restrictions ease and demand across Europe grows.

The group said it was confident on demand for summer and autumn travel and that it was gearing its schedule towards European routes, given that Europe had opened up faster than Britain.

EasyJet's boss has been one of the most vocal critics of Britain's chaotic approach to travel over the last two months, slamming last minute changes which have resulted in a roller-coaster ride of booking surges and mass cancellations.

For now, it has scheduled 60% of its flying on intra-European Union routes, whereas normally its business is split 50-50 between Britain and the EU.

Bookings were behind where they would have been before the pandemic, easyJet said, as customers were booking later due to uncertainty connected with the virus.

For the three months to the end of June, when travel across most of Europe remained restricted, easyJet posted a pre-tax loss of 318 million pounds ($434 million), but it said that it had improved its cash burn rate during the period.

A Fresh Look at the Family Who Led (and Lost) Britain’s War for America

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By Rick Atkinson

THE HOWE DYNASTY
The Untold Story of a Military Family and the Women Behind Britain’s Wars for America
By Julie Flavell

‘What Strange Paradise,’ by Omar El Akkad: An Excerpt

Chapter 1

The child lies on the shore. All around him the beach is littered with the wreckage of the boat and the wreckage of its passengers: shards of decking, knapsacks cleaved and gutted, bodies frozen in unnatural contortion. Dispossessed of nightfall’s temporary burial, the dead ferment indecency. There’s too much of spring in the day, too much light.

Kraft Heinz, Van Leeuwen Unveil Limited-Edition Macaroni & Cheese Ice Cream

Kraft Heinz Co.’s Kraft Macaroni & Cheese has teamed with Brooklyn-based Van Leeuwen Ice Cream to bring together macaroni & cheese and ice cream in a limited edition offer.

The new Macaroni & Cheese flavored ice cream will be available at Van Leeuwen scoop shops and online starting July 14, National Macaroni & Cheese Day, at $12 for a pint, while supplies last.

The new cool, creamy scoop of ice cream is made with only a few high quality ingredients. It comes with no artificial flavors, preservatives, or dyes.

The limited-edition flavor will be available at all Van Leeuwen stores across the country (NYC, LA & Houston). For New Yorkers, the ice cream will be available for free while supplies last at an ice cream truck stationed in Union Square on July 14 only from 11am-6pm.

Emily Violett, Sr. Associate Brand Manager for Kraft Macaroni & Cheese, said, “We know that there is nothing more refreshing on a hot summer day than ice cream. That is why we wanted to combine two of the most iconic comfort foods to create an ice cream with the unforgettable flavor of Kraft Macaroni & Cheese we all grew up with.”