Virgin Australia was always going to have to do a deal with its unions. This task has been made more difficult because of the way it handled the exit of Paul Scurrah as CEO.
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.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
