VIRGIN Australia will cut 750 jobs as part of a restructure after announcing a full-year loss of $349.1 million that left the airline in the red for the seventh year in a row.
Revenue for the 12 months to June 30 rose 7.5 per cent to $5.83 billion despite a “challenging trading environment” in the second half of the financial year.
Virgin Australia, which on Wednesday announced its seventh straight annual loss, said the corporate and head office job cuts were aimed at saving $75 million by the end of the 2020 financial year.
The company said it would more closely integrate the functions of Virgin Australia Airlines, Virgin Australia Regional Airlines and Tigerair Australia.
The company said it intended to further reduce flying across elements of its short-haul international and domestic network to meet demand and maximise route profitability.
It is not know if the daily Mildura to Melbourne service will be affected.
