Virgin Australia announced that it was, as I suggested last month, ending all wide body operations, terminating its 777, A330 and ATR fleets.
The airline will from now on operate only in Australia and possibly connect to New Zealand, using only 737 equipment.
It also announced the shuttering of its TigerAir operation and an end to A320 use.
The TigerAir AOC will be retained as the airline believes that eventually a market for low cost carriers will return.
The airline isn’t giving up on international long haul in the longer term, but sees no immediate viable future for it, certainly not before 2024/5.
The airline is planning on retaining as many as 6-8000 jobs, and is undergoing a total cost structure review, which will include everything from the cost of catering to aircraft maintenance. Nothing is likely to escape the accountants as they hunt down savings.
However the airline was at pains to point out it was still aiming to provide a quality service and compete with Qantas.