Please Mr Morrison, help us out.
From Flight Global;
“Virgin is also suspending earnings guidance for the current financial year “due to ongoing uncertainty of the Covid-19 situation. The carrier states that it is seeking relief on government charges, and at the corporate level, will remove management bonuses for the current financial year (FY), while board members will temporarily reduce fees by 15%”.
Amazing, ‘seeking relief on Government charges’! Once again, decades of mismanagement come home to roost. Management have been happy to bleed the airline and mismanage it to a point where there is not enough value in the war chest to sustain a potential hit to its very survival, yet it asks for a measure of financial assistance which at the end of the day will come from taxpayer pockets. Give me a break, how about Scurrah, his Directors and all Executive Management be placed on part-time checkin or ramp staff salaries for the next two years so as to assist the airline in trimming costs?