VS capacity contraction
From ATW Daily News...........
Thursday July 2, 2009
Virgin Atlantic Airways CEO Steve Ridgway said yesterday that the carrier will cut its winter capacity by 7% year-over-year, putting up to 600 jobs in jeopardy. "The outlook for the industry is as bleak as ever and all airlines are having to shrink their businesses," he said, according to press reports. "We will look to minimize the number of compulsory redundancies and ensure we treat our staff as fairly as possible." VS's London Heathrow-Chicago O'Hare service will be suspended, while flights to Hong Kong will be halved