Cutbacks may keep Virgin Australia alive for now, but its long-term prospects are bleak
- Written by The Conversation
Virgin Australia’s plan to sack about 3,000 of its 9,000 staff, axe its budget brand Tigerair, streamline its fleet to only Boeing 737s and suspend long-haul international flying indefinitely should come as no surprise.
Its main competitor, Qantas, announced its cutbacks in June.
Read more: Qantas cutbacks signal hard years...
Read more: Cutbacks may keep Virgin Australia alive for now, but its long-term prospects are bleak