Virgin Australia is cutting 750 corporate and head office positions as it restructures following a full - year loss after tax of AUD315.4 m ( $ 213 m ) for FY19 . The carrier 's CEO , Paul Scurrah , plans to save AUD75 m with the 30 % head office and corporate workforce reduction as fuel price rises and unfavourable foreign investment put the company in difficulties . The uk - based carrier 's underlying pretax loss of AUD71.2 m for the year was up from 750 m last year and considerably worse than expected from May , which put the figure at AUD35.6 million .
Virgin Australia is cutting 750 corporate and head office positions as it restructures following a full-year loss after tax of AUD315.4m ($213m) for FY19. The airline's CEO, Paul Scurrah, plans to save AUD75m with the 30% head office and corporate workforce reduction as fuel price increases and unfavourable foreign exchange put the company in difficulties. The Brisbane-based carrier's underlying pretax loss of AUD71.2m for the year was up from AUD64.4m last year and considerably worse than guidance from May, which put the figure at AUD35.6m.