Virgin Atlantic slips into the red for only the third time in its 28-year history
Skift Take
Losses are never much fun, but Virgin is seeing an uptick in flyers, and this year it gets some new planes that are more efficient and will help cut fuel costs.
Soaring fuel costs and rising taxes have taken their toll on Virgin Atlantic as the airline slumped to an underlying loss of £80.2m.
The group founded by Sir Richard Branson said passenger numbers grew 2pc to 5.4m in the year to February despite "an incredibly difficult market", after it was boosted by a new route between Manchester and Las Vegas and more frequent flights to the Caribbean.
But the long-haul specialist was pushed into a loss, compare
