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.
Other headlines:
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- Special items, cuts return Cathay Pacific to profit
- US regional growth could hinge on major airline labor negotiations
- BA, Aer Lingus fail to reach accords with cabin staff
- Air Astana enjoys record profit
- Delta boosts first-quarter forecast
- China Southern to join SkyTeam Cargo
- Airbus to increase A320 production despite souring financials
- LaHood: White House has 'an interest' in funding NextGen aircraft equipage
- FAA forecasts 'modest' traffic recovery; Barclays, US Airways predict profits

