Virgin Atlantic has announced numerous cost-cutting measures to survive
Another end of an era.
- Beginning today, Virgin Atlantic will no longer use its 7 Boeing 747-400s.
- The 4 remaining Airbus A330-200s will be retired in 2022.
- All London Gatwick flying cancelled (possibly temporarily), meaning the airline will move its flights to both Heathrow and Manchester.
- Virgin Atlantic plans to retain its slots at Gatwick airport by leasing them out to other airlines, giving it the option to return when the aviation market returns to normal
- The airline will cut up to 3,150 jobs, or a third of the workforce.
For now, the airline will focus on efficiency with its A350s, A330s, and 787s, with the A330neos still set for 2021.
And another 747 fleet gone along with a major loss for London Gatwick. A few days ago, British Airways said it may slash all Gatwick flights. With Virgin moving to Heathrow/Manchester, it may open up opportunities for BA at Gatwick, or BA will follow Virgin Atlantic’s move.