{"id":607369,"date":"2026-04-15T00:56:09","date_gmt":"2026-04-15T00:56:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/607369\/"},"modified":"2026-04-15T00:56:09","modified_gmt":"2026-04-15T00:56:09","slug":"virgin-to-trim-domestic-flights-ahead-of-fuel-cost-rising-by-up-to-40m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/607369\/","title":{"rendered":"Virgin to trim domestic flights ahead of fuel cost rising by up to $40m"},"content":{"rendered":"<p class=\"paragraph_paragraph___QITb\">Virgin Australia will slightly reduce domestic flights in the next few months as it faces a hit from fuel costs due to the Iran war.<\/p>\n<p class=\"paragraph_paragraph___QITb\">The airline will cut its domestic capacity by 1 per cent in the three months to June 30.<\/p>\n<p class=\"paragraph_paragraph___QITb\">It expects fuel costs to be $30-40 million more than it had previously expected in the second half of this financial year.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Virgin said its fuel suppliers had provided assurances about near-term aviation fuel supply &#8220;to support its operations well into May 2026&#8221;.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;The price of jet fuel has been extremely volatile and more than doubled since the end of February 2026 which impact fuel costs for the June 2026 quarter,&#8221; it said.<\/p>\n<p class=\"paragraph_paragraph___QITb\">The airline said it would increase fuel hedging in the short term to mitigate the price volatility, &#8220;with other operational levers including fare and capacity adjustments available to be implemented over time&#8221;.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Virgin issued a market update after rival Qantas yesterday flagged an up to $800 million hit from additional fuel costs, and cut its domestic flight capacity.<\/p>\n<p class=\"paragraph_paragraph___QITb\">While Virgin&#8217;s domestic capacity will be cut in the current quarter, it still expects domestic capacity to be 1 per cent higher over the second half of the financial year as a whole.<\/p>\n<p>LoadingLoading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Virgin Australia will slightly reduce domestic flights in the next few months as it faces a hit from&hellip;\n","protected":false},"author":2,"featured_media":607370,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,260914,164,295490,32647,206980,143126,7033],"class_list":{"0":"post-607369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-diesel-prices","12":"tag-economy","13":"tag-flights-cut","14":"tag-fuel-costs","15":"tag-iran-war","16":"tag-strait-of-hormuz","17":"tag-virgin"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/607369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=607369"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/607369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/607370"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=607369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=607369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=607369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}