Jayne Hrdlicka's appointment as chief executive of Virgin Australia to replace Paul Scurrah sets up an epic fight with the aviation unions as Bain Capital moves to make the airline profitable for the first time in eight years.
Virgin won't make money unless it cuts costs no matter what happens with the pace of recovery in the aviation industry in the wake of the COVID-19 pandemic. The prospects for recovery look good, but more on that later.