Virgin Atlantic Airways (London) has frozen all salaries according to this report by Bloomberg. The struggling carrier is expected to report a loss of $201 million for its fiscal year ending on February 28 according to the Sunday Times.

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Copyright Photo: Keith Burton. Looking almost new in its updated 2010 livery, Airbus A340-313X G-VELD (msn 214) climbs away from the runway at the London (Heathrow) hub. Higher fuel costs are hurting the carrier especially with its older less fuel-efficient aircraft like the Airbus A340-300. The last of the four A340-300s is expected to depart from the fleet this year.

Virgin Atlantic: