For me, it is less about why they are doing this, than how they are going about that. If Vorgin was being honest about under preforming this season having a role in thwse cancellation, I would be more forgiving. They are a buisness and need to make profits.
However, it seems they are solely blaming the issues in the RedSea for the cancellation, which seems to be false and, I feel, in bad taste. The email they sent even said, "Virgin Voyages was embraced by Aussies with such a warm welcome, and together, we celebrated an extremely successful inaugural season — and that love was very much mutual." From what we are hearing, that season wasn't "extremely successful."