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Stock impact report

Virgin Atlantic Pulls Out of Hong Kong, Closes Offices [BNN Bloomberg (Canada)]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
The UK airline said in a statement Wednesday that several factors contributed to its decision, including, on the basis of Russian airspace remaining closed, that Heathrow-Hong Kong-Heathrow flight times would be at least one hour longer, and that in 2019, Virgin Australia ended Hong Kong-Melbourne and Hong Kong-Sydney services, reducing the number of connecting customers to and from Australia. Read more: United Airlines Plans to Resume Hong Kong Flights From January Virgin Atlantic hasn't operated any passenger flights to Hong Kong since December, after the city banned all flights from the UK during the depths of Covid. However the carrier is the first major airline to actually pull out since American Airlines Group Inc. quit the hub late last year. Around 46 Virgin Atlantic jobs will be impacted, consisting of a mix of office staff and cabin crew. “We're very sorry for the disappointment caused to our loyal customers on this route and anyone booked to travel from March 2023 Show less Read more
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