Virgin Atlantic said it will reduce 80% of its flights per day by March 26, grounding approximately 75% of its fleet. At points in April, that will go up to 85%.
The airline said it will terminate its London Heathrow-Newark route permanently with immediate effect.
Among other measures announced, it will also ask its staff to take eight weeks unpaid leave over the next three months, with the cost spread over six months’ salary, to drastically reduce costs without job losses, Virgin Atlantic said in a statement.
Here’s more from the statement:
“The aviation industry is facing unprecedented pressure. We are appealing to the Government for clear, decisive and unwavering support. Our industry needs emergency credit facilities to a value of £57.5bn, to bolster confidence and to prevent credit card processors from withholding customer payments. We also need slot alleviation for the full summer 2020 season, so we can match supply to demand – reducing costs and preventing unviable flying and corresponding CO2 emissions. With this support, airlines including Virgin Atlantic, can weather this storm and emerge in a position to assist the nation’s economic recovery and provide the passenger and cargo connectivity that business and people across the country rely on,” Virgin Atlantic said.
Source: CNN News