Wednesday, 10 August 2011
Virgin Atlantic have announced encouraging news as they have returned to profit in the 2010/11 financial year. Results have shown that the airline have turned a loss from the previous year into pre-tax profits of £18.5 million.
The results have been attributed to passenger revenues up by 13% to £2.7 billion despite the winter closure of Heathrow and the Icelandic ash cloud which are said to have cost the airline £40 million.
The carrier has also seen improved performance for its Virgin Holidays brand which focuses on Orlando and Caribbean. Strong growth has lead the company to open a further 60 retail shops, employing up to 200 new staff.
Posted by Tom Warsop at 08:49