Virgin Blue considering further capacity cuts and job cuts

Premium Analysis

Virgin Blue stated at the end of May-2009 that it was considering increasing planned capacity cuts for the new financial year to 5.5%, commencing 01-Jul-09. The LCC previously planned to cut capacity by 2.4%, but according to CEO, Brett Godfrey, cuts “need to go further as demand remains weak”. Mr Godfery added that the cuts would result in “taking out some flights”, but would not disclose which routes would be affected.

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