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What was the main reason for Virgin Australia entering voluntary administration in 2020?

  • Financial mismanagement

  • COVID-19 pandemic

  • Fuel price increase

  • Airline industry competition

Answer

Virgin Australia entered voluntary administration on 21 April 2020, primarily due to the impacts of the COVID-19 pandemic. The pandemic severely affected the airline industry, leading to a significant drop in demand for air travel and causing financial troubles for many airlines, including Virgin Australia.
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