The new Chief Executive of Virgin Atlantic, who lives near Ashford, Kent, has said he will have to freeze staff pay in order to control losses.
Craig Kreeger has previously spent 27 years with rival American Airlines and will replace Steve Ridgway who retired earlier this year.
The 9,000 staff at Virgin are mostly based at Heathrow and Gatwick will face a pay freeze because of rising fuel costs.
Mr Kreeger has praised worker for their dedication to the company at a difficult time and says high quality services is still a top priority.
More top news
Essex Police say pictures of boys undressing have been discovered in the home of a teacher who's been found dead.
Organisations are calling for the release of Chinese sky lanterns to be banned due to the risk they pose to wildlife and habitats.
Two kittens are looking for a new home after being dumped in a Hampshire car park.