Less than two months into the job, new Virgin Australia chief executive Paul Scurrah has said the airline will overhaul its operations to withstand lower demand for its flights and higher fuel costs.
Mr Scurrah's comments came as Virgin Australia warned its annual underlying earnings will plunge into the red, falling more than $100 million.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
