Virgin America Inc., the low-fare airline partly owned by Richard Branson, will trim capacity by 3 percent in the first quarter and is offering voluntary short-term leave to employees to cut costs, citing a weaker outlook.
The company, which reported a wider net loss for the second quarter, is seeking voluntary reductions through short-term leave and flex scheduling ahead of an anticipated drop in traffic in the first three months of 2013, Chief Executive Officer David Cush wrote in a letter to employees last week. The Burlingame, California-based company, which employs about 2,600, hasn’t said how many workers are involved.
