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Virgin Atlantic has announced “drastic measures” as it battles to cope with the slump in demand.

This morning the carrier said it needed “immediate and decisive action” to preserve cash, control costs and safeguard its future.

From tomorrow, it will start to implement an 80% reduction in flights by 26 March, and park approximately 75% of its fleet, rising to 80% in April.

Which routes are operated will be subject to “constant review” – but London Heathrow to Newark will be “permanently terminated ...

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