Menu
27/05/2005
Virgin Atlantic announce profits increase
Virgin Atlantic Airline has revealed a substantial increase in profits ending February 2005, and has announced plans to add two new routes in 2006.
The results show a pre-tax profit of £68 million on a turnover of £1.630 billion which is the highest figure since 1999.
The new routes planned are from Dubai and Montego Bay to Jamaica, in addition to route launches in 2005 to Mumbai, Havana and Nassau.
Commenting on the results Virgin's Chairman Sir Richard Branson said: “In a challenging year when many leading players in the airline industry continued to struggle to survive I am very pleased and proud that Virgin Atlantic has recorded healthy increases in both turnover and profit. This has been down to the dedication and professionalism of all our staff over the year and the introduction of the award winning Upper Class passengers so increasing our load factor. Rising oil prices undid some of our good work and as a long haul airline we are harder hit than our rivals.”
During the financial year Virgin Atlantic added three new Airbus A340-600 aircraft bringing the total fleet to 31. In August 2004, the airline announced an order for up to 26 more A340-600's, worth $5.5 billion. A long-standing ambition to operate services to Australia was fulfilled in December when services between Hong Kong and Sydney were launched and extra flights were added to Delhi and Shanghai.
(CD/SP)
The results show a pre-tax profit of £68 million on a turnover of £1.630 billion which is the highest figure since 1999.
The new routes planned are from Dubai and Montego Bay to Jamaica, in addition to route launches in 2005 to Mumbai, Havana and Nassau.
Commenting on the results Virgin's Chairman Sir Richard Branson said: “In a challenging year when many leading players in the airline industry continued to struggle to survive I am very pleased and proud that Virgin Atlantic has recorded healthy increases in both turnover and profit. This has been down to the dedication and professionalism of all our staff over the year and the introduction of the award winning Upper Class passengers so increasing our load factor. Rising oil prices undid some of our good work and as a long haul airline we are harder hit than our rivals.”
During the financial year Virgin Atlantic added three new Airbus A340-600 aircraft bringing the total fleet to 31. In August 2004, the airline announced an order for up to 26 more A340-600's, worth $5.5 billion. A long-standing ambition to operate services to Australia was fulfilled in December when services between Hong Kong and Sydney were launched and extra flights were added to Delhi and Shanghai.
(CD/SP)
Related UK National News Stories
Click here for the latest headlines.
08 August 2003
Profitable year for Virgin Atlantic
Virgin Atlantic has reported pre-tax annual profits of nearly £16 million today – a turnaround of £108.3 million compared with the previous year.
Profitable year for Virgin Atlantic
Virgin Atlantic has reported pre-tax annual profits of nearly £16 million today – a turnaround of £108.3 million compared with the previous year.
15 March 2010
Virgin Jobs Landing In Swansea
Recruitment is to begin shortly as Virgin Atlantic airline creates more than 200 jobs over the next two years at a new customer service centre in Wales. The company says it plans to open the new centre at Alexandra House in Swansea by September and will start recruiting later this month.
Virgin Jobs Landing In Swansea
Recruitment is to begin shortly as Virgin Atlantic airline creates more than 200 jobs over the next two years at a new customer service centre in Wales. The company says it plans to open the new centre at Alexandra House in Swansea by September and will start recruiting later this month.
29 October 2012
Hurricane Sandy Causes UK Travel Chaos
Hurricane Sandy continues to cause travel disruption, as flights to and from the UK and US are cancelled All BA and Virgin flights to and from New York, Washington and Boston have been cancelled. Baltimore and Philadelphia flights have also been cut. It is thought the disruption could last for days if hurricane Sandy intensifies.
Hurricane Sandy Causes UK Travel Chaos
Hurricane Sandy continues to cause travel disruption, as flights to and from the UK and US are cancelled All BA and Virgin flights to and from New York, Washington and Boston have been cancelled. Baltimore and Philadelphia flights have also been cut. It is thought the disruption could last for days if hurricane Sandy intensifies.
06 October 2014
Virgin Atlantic To Stop Short-Haul Service
Virgin Atlantic has announced it is to stop its short-haul service, Little Red, next year. Little Red was launched in March 2013 as an attempt to reintroduce consumer choice on key domestic services after British Airways' takeover of bmi gifted them a monopoly on these routes.
Virgin Atlantic To Stop Short-Haul Service
Virgin Atlantic has announced it is to stop its short-haul service, Little Red, next year. Little Red was launched in March 2013 as an attempt to reintroduce consumer choice on key domestic services after British Airways' takeover of bmi gifted them a monopoly on these routes.
19 November 2012
Virgin Win London To Scotland Flight Routes
Virgin Atlantic has been offered the rights to operate Heathrow links to Edinburgh and Aberdeen. Sir Richard Branson's airline bid successfully for the London landing slots formerly operated by BMI. The slots were released to others by regulators as a condition of allowing the takeover earlier this year of BMI by British Airways' owner IAG.
Virgin Win London To Scotland Flight Routes
Virgin Atlantic has been offered the rights to operate Heathrow links to Edinburgh and Aberdeen. Sir Richard Branson's airline bid successfully for the London landing slots formerly operated by BMI. The slots were released to others by regulators as a condition of allowing the takeover earlier this year of BMI by British Airways' owner IAG.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
