Virgin Australia announces 3,000 job cuts and says there may be more

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Airline restructure developed under new owner Bain Capital will also reduce aircraft fleet by half and suspend Tigerair brand

Virgin Australia has announced a dramatic restructure to create a domestic-only airline that involves the loss of 3,000 jobs and half its fleet of aircraft.Virgin Australia has announced a dramatic restructure to create a domestic-only airline that involves the loss of 3,000 jobs and half its fleet of aircraft.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Branson's Virgin Atlantic files for bankruptcy protection in bid to save airlineRICHARD Branson’s Virgin Atlantic has filed for bankruptcy protection as its revealed airline may run out of cash next month. The last gasp bid comes after Virgin Australia fell into administ… Not much loss 😷🤔 ImIncorrigible Sad for his workforce, but clearly not a robust enough business ImIncorrigible If only there was a multi billionaire that could save them.
Source: TheSun - 🏆 64. / 61 Read more »

UFO sighting: Did 'alien disk trio' cause May's Virgin Orbit rocket to malfunction?UFO enthusiasts have been excitedly discussing archive video footage purporting to show a supposed trio of alien glowing disks responsible for a failed Virgin Orbit rocket test in May.
Source: Daily Express - 🏆 26. / 68 Read more »

Virgin Galactic unveils super-jet that can fly London to New York in 90 minutesVirgin Galactic has revealed the first designs for a new supersonic business jet that will be capable of flying three times the speed of sound at an altitude above 60,000ft Well never happen. Been hearing about Galactic for 20 years. Presumably, the Heirs of Barnes-Wallace will become Millionaires seeing as he invented this about 70 Years ago!
Source: The Mirror - 🏆 136. / 51 Read more »

Virgin Atlantic could ‘run out of money altogether’ by SeptemberWithout a restructuring and injection of new cash, it’s feared the airline’s cash flow would drop to ‘critical levels’. virginridick Just great so they’re existing on our money at the moment virginridick That’s just the news that will thrill all these people who have been told it will be at least November before they get their refunds. However at least they will be able to claim under section 75 to their credit card company, without being fobbed off, like at present!!
Source: MetroUK - 🏆 13. / 82 Read more »

Virgin Atlantic files for bankruptcy as Covid continues to hurt airlinesAirline seeks protection under US’s bankruptcy code, allowing it to shield assets in the country Billionaires are the worst kind of Socialists. That’s sad that’s my favourite airline as well Is Necker Island for sale? I bet not.
Source: The Guardian - 🏆 84. / 53 Read more »

Hays Travel to cut hundreds of jobsThe firm says new travel restrictions have triggered hundreds of thousands of holiday cancellations. Not sure what they were thinking when they bought all the Thomas Cook stores anyway. Faceless Experts are destroying our whole economy and people’s lives for something you have a 98% chance of not dying from. It's a real shame the owners are the last of the good guys.
Source: BBCNews - 🏆 3. / 97 Read more »