Virgin Australia to slash 750 jobs, review flight network, after posting $349m loss

Virgin Australia is planning to cut 750 head office and corporate roles to slash $75 million a year in costs, as it seeks to rebound from a $349 million full-year loss. 

The airline also blamed rising fuel costs and a lower Australian dollar for its worsening financial performance. 

The airline's new boss, Paul Scurrah, says he'd been forced to make tough but necessary decisions.

Here's my report from The World Today