Virgin Blue grounded five 180-seat 737s and cancelled 28 daily flights from its schedule of 300. The moves affect 400 workers, who will be offered leave without pay, job sharing and shorter hour options. The Australian airline emphasized that it has not withdrawn from any destinations but only consolidated flights. CEO Brett Godfrey said in a statement that the reductions are a prudent interim capacity management plan necessitated by the continued and forecast deterioration in domestic ...

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