Virgin Atlantic said that the airline will reduce its schedule by about 80% per day by March 26, citing the “rapid acceleration” of the impact of COVID-19 on demand.
The air carrier said given restrictions to international travel, it permanently terminate its London Heathrow-to-Newark route “with immediate effect.”
The cuts will lead the company to park about 75% of its fleet, increasing to up to 85% at points in April.
In an effort to cut costs, the company said it will be offering its employees a one-time voluntary severage package to all employees, a sabbatical of 6 months to 12 months.