Virgin Atlantic has scrapped its London Heathrow-Newark route with immediate effect.
In a statement, its said: "This change amounts (to an) approximately 80% reduction in flights per day by 26 March. As a direct consequence we will be parking approximately 75% of our fleet by 26 March and at points in April will go up to 85%.
Earlier this month, Virgin said its top execs would take temporary pay cuts as part of a raft of measures during the downturn.
Today the airline said chief executive Shai Weiss has extended his 20% pay cut to the end of the year and other senior execs have also extended their 15% pay cuts for the same amount of time.
It is asking the UK Government to ask for a £7.4 billion bailout to keep the aviation industry going.
















