Virgin Airlines has been rocked by a string of data breaches affecting tens of millions of airline passengers and employees.
In addition to the data breach, the airline also announced the cancellation of the Norwegian Airports and Norwegian Cruise Lines data acquisition agreements with the UK’s national carrier.
Norwegian Airports, owned by Norwegian Air Shuttle, which has been operating at least in part with Virgin’s airline subsidiary, is the largest airline in the UK and operates a fleet of more than 1,500 Boeing 737s and Airbus A330s.
The airline has been in the midst of a global financial crisis, and its financial results are expected to be released on Friday.
The company said it will have to shut down its UK operations by March 31.
Virgin is the second largest airline by passenger volume in the United Kingdom.
The company reported revenue of £2.6 billion ($4.5 billion) in 2016, up 16 percent from the year before.
Its earnings per share fell 5 percent to $0.05.
The data breach and cancellations are likely to hurt the company’s future prospects, especially if it needs to turn around its business.
In December, Virgin said it was closing down its Norwegian Air Lines (NAL) and Norwegian Cruises (NRCL) data acquisition contracts, and that it had stopped buying its own data from Norwegian.
The new data acquisitions will require Virgin to transfer some of its data to the Norwegian Airlines or NRCL parent company.
On Thursday, Virgin’s CEO, Richard Branson, told the BBC he expected the data transfers to be completed by the end of March.
“We’re going to be very, very, confident that all of the data is going to go out to Norway,” Branson said.
“There are no plans to stop the data going out to other companies.”
Norwegian’s parent company, Norwegian Cruise Line, said in a statement on Thursday that it has agreed to transfer data to Norwegian.
Norwegian has a global network of around 1,300 airlines and nearly 1,100 cruise lines.
Its operations include some of the largest passenger ships in the world, and it has a reputation for quality, safety and environmental management.