|Vol. 19 No. 22||
Monday March 16, 2020
Virgin Moves As Pandemic Deepens
Today Monday March 16, Virgin Atlantic announced that as result of the COVID-19 pandemic and flight restrictions, the airline is putting “drastic measures in place to ensure cash is preserved, costs are controlled, and the future of the airline is safeguarded.”
Virgin Atlantic will park 75% of its fleet and reduce flights by 80% between March 17 and 26th.
“This will be subject to constant review as the situation evolves,” Virgin said.
“Our London Heathrow-Newark route will be permanently terminated with immediate effect.”
“The situation is deteriorating at pace and the airline has seen several days of negative bookings, driven by a huge volume of cancellations as customers choose to stay at home,” Virgin said, adding:
“Staff will be asked to take eight weeks unpaid leave over the next three months, with the cost spread over six months' salary, to drastically reduce costs without job losses.
“Significantly,” VS said, “the European Commission has announced a suspension of the ‘use it or lose it’ slot rules until June 30, 2020, enabling the airline to consolidate schedules and ground aircraft immediately.”
A Virgin Atlantic spokesperson commented:
“The aviation industry is facing unprecedented pressure. We are appealing to the Government for clear, decisive and unwavering support.
“Our industry needs emergency credit facilities to a value of £5-7.5bn, to bolster confidence and to prevent credit card processors from withholding customer payments.
“We also need slot alleviation for the full summer 2020 season, so we can match supply to demand – reducing costs and preventing unviable flying and corresponding CO2 emissions.
“With this support, airlines including Virgin Atlantic, can weather this storm and emerge in a position to assist the nation’s economic recovery and provide the passenger and cargo connectivity that business and people across the country rely on.”
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19 No. 19
United Takes COVID-19 To Heart
Airports In The Viral Landscape
Chuckles for March 5, 2020
U.S. Trucker Of The Year
Publisher-Geoffrey Arend • Managing Editor-Flossie Arend •
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