Virgin Australia is slashing about a third of its headcount, offloading some planes and focusing on shorter flights under its new owner, Bain Capital.
The airline announced a sweeping restructuring plan Wednesday as it works to reduce costs amid the coronavirus pandemic.
To adjust to ongoing challenges, Virgin Australia will cut 3,000 jobs, remove some of its aircraft and discontinue Tigerair Australia, the airline's low-cost carrier, it said. It also plans to focus more on domestic and short-haul overseas flights as international travel is largely halted.
"Making these changes now will secure approximately 6,000 jobsonce market demand recovers, with potential to increase to 8,000 jobs in the future," the airline added in a statement. The company previously employed about 10,000 people.
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