ATW Daily News
Virgin Atlantic capacity cut puts 600 jobs in peril
Thursday July 2, 2009Virgin Atlantic Airways CEO Steve Ridgway said yesterday that the carrier will cut its winter capacity by 7% year-over-year, putting up to 600 jobs in jeopardy. "The outlook for the industry is as bleak as ever and all airlines are having to shrink their businesses," he said, according to press reports. "We will look to minimize the number of compulsory redundancies and ensure we treat our staff as fairly as possible." VS's London Heathrow-Chicago O'Hare service will be suspended, while flights to Hong Kong will be halved.
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- Irkut selects Pratt's PW1000G for new passenger jet
- Bmi sells Heathrow slots as it plots recovery
- India pledges environmental action
- 'Secure' Emirates raises $1.13 billion to fund six A380 deliveries
- ACCC clears Delta-Virgin Blue JV
- TSA begins 'full review' of inadvertent screening procedure posting
- Brussels Airlines joins Star Alliance, offers key hub in hostile territory
- Most US majors cautiously optimistic about 2010; US Airways bullish
- Airline ticket sales trend upward in November
ATW Media Group
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