More than 3000 jobs to be axed at Virgin Atlantic

Airline blames uncertainty over future travel restrictions as a result of the coronavirus pandemic.

Virgin Atlantic has announced plans to cut 3150 jobs.

The airline said uncertainty over when flying will resume as well as “unprecedented market conditions” as a result of the coronavirus pandemic had “severely reduced revenues”.

Chief executive Shai Weiss said: “We have weathered many storms since our first flight 36 years ago, but none has been as devastating as Covid-19 and the associated loss of life and livelihood for so many.

“However, to safeguard our future and emerge a sustainably profitable business, now is the time for further action to reduce our costs, preserve cash and to protect as many jobs as possible.

“It is crucial that we return to profitability in 2021. I wish it was not the case, but we will have to reduce the number of people we employ.”

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