Virgin Australia reports loss for 7th year in row, plans job cuts

Daily Newsletter | August 28, 2019
Virgin Australia Group, the parent company of the second largest airline in Australia, has reported $315.4 million loss within the last year, making it the seventh consecutive year of losses. To deal with increasing “headwinds”, such as rising fuel prices and currency exchange rates, the company is continuing with cost savings that include 750 job cuts.
Less than a month after revealing that the S-70 Okhotnik had taken to the skies for the first time, Sukhoi presented a redesigned version of its unmanned combat air vehicle (UCAV) at the MAKS international air show.
In focus
When Emirates revealed intentions to launch flights from Dubai to Mexico City via Barcelona, Aeroméxico vowed to oppose the move by all means necessary. The flag carrier has since taken legal action pleading the Mexican government to reverse a decision that allows the Gulf airline to exercise fifth freedom rights on the route. To get ahead of the potential market entrant, Aeroméxico has also launched its own service between Mexico City and Barcelona. So where did it all begin and where is the dispute headed?

The United States Department of State announced singing the document on August 27, 2017. The U.S. authority further explains that the agreement will allow the country’s air carriers to lease aircraft with crew to “their European partners” without time constraints. 
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