Virgin Atlantic operations between Sydney and Hong Kong will be ditched this May, citing increasing cost and challenging economic conditions, ending the airline’s operation in the country for almost a decade.
Because of this announcement, flights to Hong Kong will only be down to two competitors – Quantas and Cathay Pacific – Hong Kong’s major carrier. Increasing operation costs in Australia and a weakened dollar has affected the airlines profitability, according to Virgin Atlantic Chief Executive Craig Kreeger.
Job losses will follow as soon as operations stop in May. 47 ground crew and office personnel are currently employed by Virgin Atlantic in Australia.
Read more about this on the Sydney Morning Herald website.