From The Australian today: "Mr Godfrey said the airline had lost its cost advantage over the Qantas Group and any private or public investment should be contingent on Virgin Australia chief executive Paul Scrurrah forcing through a massive restructure to make the carrier viable in the long term."
What (if any) steps is the VAH CEO taking to significantly lower the cost base long term? Have the unions been approached about wage reductions or, at the very least, significant wage freezes to help make it more viable over the next 5-10 years?