Greg Norman

Greg Norman is a reporter for

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Lufthansa announces more job cuts, fewer jets in service

German airline Lufthansa, already bailed out by the government, says it will have to make more staff cuts and mothball more jumbo jets than originally planned because the outlook for air travel is worse than the company first predicted.

Virgin Atlantic cuts 1,150 more jobs

Virgin Atlantic announced 1,150 job cuts Friday despite completing a $1.6-billion restructuring plan aimed at rebuilding the company during the travel downturn caused by the coronavirus pandemic.