Virgin Atlantic to cut about 3,150 jobs and end its operation at Gatwick airport.
Virgin Atlantic, which is in the process of applying for emergency loans from the government, also plans to reduce the size of its fleet of aircraft from 45 to 35 by the summer of 2022.
Virgin’s seven Boeing 747s were to be retired as the airline’s fleet is reduced from 43 planes to 36.
It hopes to restore about 60% of its pre-pandemic flying capacity by the end of 2020.
The airline currently employs a total of about 10,000 people.