Virgin Australia to cut capacity, network on poor financial forecast

Credit: Rob Finlayson
Virgin Australia forecasts a significant drop in its financial performance for the fiscal year through June 30, prompting the airline to plan capacity and network cuts. In a trading update issued May 17, Virgin predicted its underlying earnings will be at least A$100 million ($68.7 million) down...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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