Wildfires devastate Los Angeles County; 30,000 acres burned, 5 dead, 180,000 evacuated, with potential $50 billion losses.

Wildfires continue to devastate parts of Los Angeles County for the third consecutive day, resulting in significant damage and widespread evacuations.

The Pacific Palisades area has experienced severe destruction, with thousands of homes and businesses either damaged or destroyed.

By Thursday morning, around 30,000 acres were burning, with five confirmed fatalities and over 200,000 residents affected by power outages.

Nearly 180,000 residents were ordered to evacuate, while close to 200,000 received evacuation warnings.

The wildfires remain largely uncontained, stressing the firefighting capabilities in a region home to approximately 10 million people, which is enveloped in smoke and ash.

Los Angeles Mayor Karen Bass described the situation as an unprecedented firestorm, stating that all available resources are being mobilised to combat the blazes.

Economic losses from the wildfires could reach nearly $50 billion, potentially marking them as the costliest in U.S. history, according to analysts.

Los Angeles County Sheriff Robert Luna indicated that the death toll may increase as search efforts continue in the affected areas.

One fire in the Hollywood Hills prompted new evacuations, but firefighters have made progress in controlling this specific blaze.

The spreading fires have been exacerbated by strong Santa Ana winds and dry vegetation, making the situation even more critical.