Virgin Australia to cut group capacity by 5.1% in Q4FY2016 with focus on reducing regional

Virgin Australia reported (02-May-2016) plans to reduce group capacity by 5.1% in Q4FY2016, with particular focus on reductions to regional routes. Virgin Australia CEO John Borghetti noted: "While the group improved its underlying performance in this quarter, it was against a challenging operating environment. This environment has been impacted by weak consumer demand and sentiment, uncertainty around the federal election and the resources sector downturn." [more - original PR]