Virgin Atlantic’s New CEO Implements Cost Cutting Plan To Revive Profits
Virgin Atlantic has unveiled a plan to reduce costs by £45 million ($69 million) this fiscal year after posting a £96 million loss for the 12 months ending Feb. 28. The cost savings initiative will target “non-customer-facing back-office operations” such as IT, and “cross-functional working...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.