Virgin Australia to Cut 3,000 Jobs Under Bain’s Ownership

The video discusses the impact of the coronavirus on the aviation industry, focusing on job cuts at Virgin Australia and Qantas. It highlights the challenges faced by the aviation market in recovering, with Virgin Australia predicting a long recovery period. The video also explores Bain's investment in Virgin Australia, despite the uncertain market conditions, and their strategy to cut costs by suspending long-haul flights and focusing on Boeing 737s.

What challenges are global airlines facing in terms of recovery?

What is the current status of Virgin Australia's international flights?