6 AUGUST 2012


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.

Article from BTNews 6 AUGUST 2012

Virgin losses

Sir Richard Branson’s Virgin Atlantic Airways last week reported a pre-tax operating loss of £80.2m in the year to the end of February compared to a profit of £18.5 the previous 12 months.  Revenues grew 3% to £2.74bn, passenger numbers by 2% to 5.4m and fuel costs rose by a third.

In a statement Virgin noted the high APD charges it needs to load onto fares.  As a long haul carrier it is a large collector of tax for HM Treasury.  In the current year oil prices are down but the airline is bound to lose connecting traffic with the BA takeover of bmi.

Virgin Atlantic continues as probably the only major European purely scheduled airline to remain outside one of the three international airline Alliances and rumours continue as to whether it might be sold or get into a serious relationship with a Middle East carrier such as Etihad.  Whilst Singapore Airlines has owned 49% of Virgin, this relationship has not been seen to be very active as far as any commercial liaison is concerned. www.fly.virgin.com

Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.