In the red
The Welsh Guards, in their red uniforms, practice for the Trooping the Colour ceremony in London
Today's Phrase
If you owe money to a bank, you are in the red. Also, if a person or a business is in the red, it means they are losing money.
Examples:
Because the airline had to give everyone their money back after the delays, they now say they're operating in the red.
I've paid off most of my credit card bills - but I'm still in the red.
Take note
If someone is in the pink, they are in good health.
Example:
Ruth looks very well - she's certainly in the pink.
Interesting fact
The soldiers shown in the photo are from the Welsh Guards. Together with other regiments of the British armies, they perform a ceremony called Trooping the Colour in June every year to mark the official birthday of Queen Elizabeth II.