It doesn't help Virgin that its transatlantic partner Continental is talking of going down the tubes! Maybe a probable fertilizer for the loss of Virgin jobs.
A source for Virgin tells me that all is not to worry - they are looking to offer early retirement and extended breaks for those wishing to take unpaid leave. They have a plan. At least it hasn't got to the stage of the US where the government is looking to involve a great deal of grant money (20 Billion mentioned) to stop the Airlines falling. That indicates big time problems in the industry for the government to be putting their hand in their pockets!