CAPA Live: Virgin Atlantic laser focused on being cash positive
Virgin Atlantic is maintaining a focus on cash positive flying and finding new routes where the service is important. The airline has reduced its cost base so that destinations that in the past were out of reach - just because of the equation between the revenues and the costs - are now within reach.
The airline was 70/30 focused on the North Atlantic but it is more 60/40 now, with new routes added to India, and Pakistan.
The airline urges the UK government to view aviation as a national infrastructure and agree to testing as it is clear that a testing regime ensures that the infection does not travel.
Virgin Atlantic's commitment to net zero by 2050 and having the youngest fleet in the sky is unwavering.
Talking at the CAPA Live on 11-Nov-2020, Virgin Atlantic's CEO Shai Weiss spoke with CAPA's chief financial analyst Jonathan Wober. Key highlights from the transcript can be found below.
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