Virgin Australia cuts corporate staff as costs spiral for airlines
Virgin Australia has announced layoffs in its corporate staff as the airline faces rising costs due to the ongoing conflict in the Middle East. The company described the job cuts as a routine adjustment while it continues to refresh its fleet. Despite these challenges, demand for air travel remains strong, with the airline reporting an increase in pre-tax earnings prior to the crisis.
- ▪Virgin Australia has laid off a number of corporate employees amid rising costs triggered by the Middle East war.
- ▪The airline has not disclosed the exact number of job cuts but described them as a routine adjustment.
- ▪Higher oil prices have pressured airlines, leading to cuts in flight schedules and increased ticket prices.
Sydney Morning Herald publishes from Australia and files mainly under world. We currently carry 3,419 of its stories.
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