Virgin Australia Likely to Extend Flight Cuts Into Third Quarter

Virgin Australia Holdings Ltd. is likely to extend flight cuts into the third quarter of 2026 as the Iran war continues to send fuel costs spiraling, according to a person familiar with the matter.

The airline, Australia’s second-largest carrier, has previously announced capacity reductions for the quarter ending June. Beyond then, Virgin has less hedging protection against pricier fuel, making it more exposed to market fluctuations.