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EasyJet on Monday announced the resignation of its chief operating officer as the British no-frills carrier and the aviation sector at large struggle with flight cancellations and staff shortages.

EasyJet said Peter Bellew would pursue other business opportunities after ensuring a smooth handover.

David Morgan, previously interim chief operating officer at the airline, will replace Bellew.

Chief executive Johan Lundgren said "everyone at EasyJet remains absolutely focused on delivering a safe and reliable operation this summer".

It comes as the carrier cuts the number of its flights during the busy European summer holiday season.

Airlines and airports in the UK and abroad are struggling to recruit staff after the lifting of pandemic lockdowns, which saw the aviation sector slash thousands of posts.

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

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EasyJet on Monday announced the resignation of its chief operating officer as the British no-frills carrier and the aviation sector at large struggle with flight cancellations and staff shortages.

EasyJet on Monday announced the resignation of its chief operating officer as the British no-frills carrier and the aviation sector at large struggle with flight cancellations and staff shortages. EasyJet said Peter Bellew would pursue other business opportunities after ensuring a smooth handover. David Morgan, previously interim chief operating officer at the airline, will replace Bellew. Chief executive Johan Lundgren said "everyone at EasyJet remains absolutely focused on delivering a safe and reliable operation this summer". It comes as the carrier cuts the number of its flights during the busy European summer holiday season. Airlines and airports in the UK and abroad are struggling to recruit staff after the lifting of pandemic lockdowns, which saw the aviation sector slash thousands of posts. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

EasyJet operating chief quits as flights chaos grows

Iran slashed oil prices to remain in competition in the market in China as Beijing buys Russian crude in large volumes.

Iran doubles discount on crude for China to compete with Russia

Amazon founder Jeff Bezon criticised the United States President Joe Biden for calling on companies running gasoline stations to lower their prices.

Jeff Bezos slams President Biden's call for gasoline stations to cut prices

Tesla CEO Elon Musk is back on Twitter with Pope's picture after 10 days. This was Musk's longest ever digital detox from Twitter in five years. He took a hiatus from Twitter from June 22.

Elon Musk backs on Twitter after 10 days, posts photo with Pope

The rate of flight cancellations and delays is higher this year than before the pandemic due to bad weather and staffing shortages.

Rate of flight cancellations, delays higher this year

Australia's mining and energy export revenues are forecast to climb 3% to a record $286 billion in the year to June 2023, buoyed by surging coal and gas prices in the wake of Russia's invasion of Ukraine.

Australia energy exports expected to climb 3% to $286 billion

Argentina's Economy Minister Martin Guzman submitted his resignation as the country's currency hit an all-time low and the inflation is running above 60%.

Argentina's economic minister resigns as currency hit an all-time low

Oil prices fell in early Asian trade on Monday, paring gains from the previous session. Oil supply remained tight amid lower OPEC output, unrest in Libya and sanctions on Russia.

Oil prices slip as recession fears rumble on

Eurozone inflation triggered by the ongoing gas crunch has hit a record high of 8.6%. Meanwhile, Moscow has seized control of the Sakhalin gas project.

Energy crisis brews amid Ukraine war: Eurozone inflation hits record 8.6%

JPMorgan Chase &amp; Co. analysts warned that the price of oil may rise to a "stratospheric" $380 per barrel if US and European sanctions lead Russia to reduce its oil supply in retaliation. In an effort to put more pressure on Vladimir Putin's war machine in Ukraine, the Group of Seven countries is negotiating a complex mechanism to control the price at which Russian oil can be sold.&nbsp;

However, JPMorgan analysts, including Natasha Kaneva, stated in a note to clients that Moscow can afford to reduce daily crude production by 5 million barrels without significantly harming the economy given the country's strong budgetary situation.

However, the outcomes might be terrible for a large portion of the remainder of the world. According to the analysts, a daily supply reduction of 3 million barrels would cause benchmark London crude prices to rise to $190, while a reduction of 5 million barrels would result in "stratospheric" prices of $380 a barrel.

(With inputs from agencies)

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JPMorgan Chase & Co. analysts warned that the price of oil may rise to a "stratospheric" $380 per barrel if US and European sanctions lead Russia to reduce its oil supply in retaliation.

JPMorgan Chase & Co. analysts warned that the price of oil may rise to a "stratospheric" $380 per barrel if US and European sanctions lead Russia to reduce its oil supply in retaliation. In an effort to put more pressure on Vladimir Putin's war machine in Ukraine, the Group of Seven countries is negotiating a complex mechanism to control the price at which Russian oil can be sold. However, JPMorgan analysts, including Natasha Kaneva, stated in a note to clients that Moscow can afford to reduce daily crude production by 5 million barrels without significantly harming the economy given the country's strong budgetary situation. However, the outcomes might be terrible for a large portion of the remainder of the world. According to the analysts, a daily supply reduction of 3 million barrels would cause benchmark London crude prices to rise to $190, while a reduction of 5 million barrels would result in "stratospheric" prices of $380 a barrel. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

JPMorgan sees ‘stratospheric’ $380 oil on worst-case Russian cut

In a bid to safeguard citizens from inflation, Turkey has hiked the minimum wage for the second time in 2022. The new nominal wage now stands at $330.

Turkiye hikes the minimum wage for the second time in 2022

Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30 per cent this year, CEO Mark Zuckerberg announced, as he warned to brace for a deep economic downturn.

Meta plans to slash hiring by 30%, tech giant to hire 3000 less workers