Virgin Cuts Flights, Considers Job Cuts
Conceding to the bleak economy, Virgin Atlantic announced today it will cut flights and eliminate up to 600 jobs this winter due to a decline in airline travel.
The Times Online reports that Virgin will cut its Chicago flight service and reduce the number of flights to Hong Kong. In addition, Virgin will also cut up to 600 jobs, but information on what jobs will be cut hasn't been released.
In a statement to the paper, Virgin Atlantic Chief Executive Steve Ridgway 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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