Google AI
The Times Australia
Business and Money

Cutbacks may keep Virgin Australia alive for now, but its long-term prospects are bleak

  • Written by: Mark Melatos, Associate Professor of Economics, University of Sydney
Tigerair jet at Melbourne Airport.

Virgin Australia’s plan to sack about 3,000 of its 9,000 staff, axe its budget brand Tigerair, streamline its fleet to only Boeing 737s and suspend long-haul international flying indefinitely should come as no surprise.

Its main competitor, Qantas, announced its cutbacks in June.

Read more: Qantas cutbacks signal hard years...

Read more: Cutbacks may keep Virgin Australia alive for now, but its long-term prospects are bleak

Business Times

What It Takes to Be a Board Member on a Major Public or Private C…

Board seats carry prestige, influence and, in some cases, substantial remuneration. But the reality is less glamorous tha...

Why a Commercial Slush Machine Can Create New Revenue Streams for…

Most business owners are always looking for that one addition that pays for itself quickly, keeps customers happy, and keep...

Thinking of Creating a Business Startup? How to Use AI to Get Ahe…

In 2026, launching a startup is no longer just about having a good idea. It is about execution speed, cost efficiency, an...

Technology

6 ways your smartwatch is lying to you, accor…

You check your smartwatch after a run. Your fitness score has dropped. You’ve burnt hardly any...

Local News

Court outcome reinforces wildlife traffick…

A 20-year-old man has been fined close to $50,000 and ordered to pay costs after pleading guilty t...

Culture

What's On: Two Psychics and a Medium – A…

HIT LIVE SHOW TWO PSYCHICS AND A MEDIUM EMBARK ON  AUSTRALIAN TOUR — AND NO TWO NIGHTS WILL BE T...

Travel

Holidays: How to Book a Flight — and Protect …

For decades, booking an overseas holiday was a straightforward transaction: choose your destinat...

The Times Features

Cost of living increases worry Farrer residents

COST OF LIVING ‘CRUNCH’ HITS FARRER HARD, THE NATIONALS HEAR During a visit to Albury this week...

What's On: Two Psychics and a Medium – Australian …

HIT LIVE SHOW TWO PSYCHICS AND A MEDIUM EMBARK ON  AUSTRALIAN TOUR — AND NO TWO NIGHTS WILL BE T...

Before vaccines, diphtheria used to kill hundreds each …

The Northern Territory[1] and Western Australia[2] are experiencing outbreaks of an almost-era...

realestate.com.au attracts the buyer for 9 in 10 listed…

New PropTrack data reveals the impact realestate.com.au has on property sales, with the  platfor...

The Hidden Threat Inside Data Centers: Why Fuel Degrada…

Data centers are designed with one overriding objective: uninterrupted operation. To achieve this...

Holidays: How to Book a Flight — and Protect Your Money…

For decades, booking an overseas holiday was a straightforward transaction: choose your destinat...

Olivia Colman, Kate Box to join an exclusive Live Q…

Fresh out of cinemas, JIMPA - the new film by acclaimed director Sophie Hyde (Good Luck to you, ...

Homemade Food: Cheaper Than Takeaway, Healthier Than Yo…

As the cost of living continues to bite across Australia, households are taking a harder look at...

The Coalition wants NDIS reform to focus on 3 things. H…

The government is expected to announce further changes to the National Disability Insurance Sche...