Virgin Australia implements additional cost saving measures due to coronavirus

12 March, 2020

Virgin Australia reported (13-Mar-2020) the group is undertaking further measures to reduce costs. Details include:

  • Seeking relief on government charges;
  • A decrease in marketing spend;
  • Stopping all discretionary spend and non critical capital expenditure;
  • Targeting a reduction in hotel accommodation charges;
  • Leave initiatives, including using accrued annual leave, unpaid leave or reducing standard working hours where operationally available;
  • A freeze on all external recruitment and the use of consultants for the remainder of FY2020. [more - original PR]