Virgin ceases International ops and 50% dom reductions

[MarkR]

Temporary suspension of all international services from 30 March to 14 June 2020 inclusive.
• Melbourne to Los Angeles services suspended from 20 March.
• Inaugural Brisbane to Haneda service, postponed from 29 March.
• Inaugural Melbourne to Denpasar service, postponed from 29 March.
Virgin Australia will operate a reduced international schedule between now and 29 March 2020 “

Domestic changes
In response to weakened demand, the Group will reduce domestic capacity by around 50 per cent until 14 June 2020. This includes the grounding of twenty Boeing 737, six A320, two ATR and five Airbus A330 aircraft from the Group’s domestic fleet.
The route and schedule detail of these changes across Virgin Australia and Tigerair Australia is currently being worked through and will be published over the next week.

https://www.asx.com.au/asxpdf/202003...0mqnxbwm69.pdf