Virgin Atlantic Cuts More Jobs, Halving Pre-Virus Payroll (1)

Virgin Atlantic Airways Ltd. will eliminate 1,150 more jobs to preserve its rescue funding as demand for long-distance flights remains depressed and Britain winds down its worker furlough program.

The cuts take the number of posts lost since the start of the Covid-19 crisis to 4,700, or about 45% of the workforce. Hundreds of cabin crew will also be put on reserve, so that the overall staff will be about half its pre-virus size.

“That is the stark reality that the aviation industry as a whole now faces,” Chief Executive Officer Shai Weiss said in an interview with Bloomberg TV ...