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Virgin Atlantic to cut jobs and flights

2nd July 2009 Virgin Atlantic is cutting capacity by seven per cent in the coming winter season and is planning to axe around 600 jobs or close to eight per cent of the workforce.

Virgin Atlantic airline said it would axe its Heathrow-Chicago and would reduce the twice-daily Hong Kong flight to a daily site. There would be additional frequency reductions on some other routes throughout the winter period.

Steve Ridgway, chief executive, said, "the outlook for the industry is as bleak as ever and all airlines are having to shrink their businesses. The fittest will survive and be in a stronger position when the economy grows."

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