Virgin Australia will maintain a full-service business class product as part of its six-point relaunch plan under new owners Bain Capital.
Virgin Australia chief executive Paul Scurrah said the carrier will offer “very good value” business class tickets and maintain its airport lounges.
“We were not about to create a business travel monopoly,” he said.
“If you look at where it made money, it was in the domestic network, particularly driven by corporate travellers.
“We’ve cut away all the non-profitable parts of the business, and we’re maintaining what was already profitable. And now we’re doing it with a much lower cost base.”
The news comes after the carrier announced it would slash 3,000 jobs to reduce costs. Scurrah also poured cold water on hopes of a return to international travel saying there may be no return to overseas flights for the airline for up to three years.
“We do aspire to fly long haul again, we just can’t see it coming back in the next few years,” he said.