Adds particulars of fleet adjustments, frequent flyer deal
Adds particulars of fleet adjustments, frequent flyer deal
SYDNEY, Nov 6 (Reuters) – Virgin Australia Holdings Ltd VAH.AX plans to chop home capability by a minimum of 2% within the second half of the 2020 monetary yr, axe its Melbourne-Hong Kong route and take away 5 plane from its fleet, its chief govt stated on Wednesday.
“Flying to the fitting locations, with the fitting buyer demand, and the right-sized fleet will enhance our monetary efficiency,” Virgin Chief Government Paul Scurrah stated on the airline’s annual assembly in Brisbane.
Virgin competes in opposition to deeper-pocketed rival Qantas Airways QAN.AX in Australia’s aviation market, which has skilled softer demand because the nation’s financial progress falters.
Qantas final month stated it will improve home capability to keep up market share in opposition to Virgin, pointing to ahead scheduling information that confirmed Virgin deliberate to lift capability by 2% within the second half ending June 30, 2020.
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