According to Jin10, Virgin Atlantic is reducing winter capacity by approximately 8% due to rising fuel costs and weakening seasonal demand, CEO Corneel Koster said in an interview on Wednesday (November 11). The airline expects aviation fuel expenses to increase by hundreds of millions of pounds in 2027. Koster noted the carrier is improving back-office efficiency using artificial intelligence to offset cost pressures, a strategy other global airlines are also adopting amid fuel price inflation.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.