VAH 0.00% 8.6¢ virgin australia holdings limited

News: VAH Virgin Australia to cut 90% of domestic flights, put 8,000 staff on leave

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    SYDNEY, March 25 (Reuters) - Virgin Australia Holdings Ltd said on Wednesday it was cutting 90% of its domestic capacity, temporarily grounding 125 aircraft, and putting 80% of its employees on leave until at least the end of May as demand plummets due to the coronavirus.

    The moves at Australia's No. 2 airline will affect 8,000 workers and all operations of its low-cost subsidiary Tigerair Australia will be suspended. It had already grounded all international flights.

 
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