Thursday, May 16, 2013

Virgin Atlantic Plunges To Record Annual Loss

Virgin Atlantic has dived to its worst annual loss - blaming tough economic conditions.

The airline, founded by Sir Richard Branson, lost £93m in the year to the end of February, worse than the £80m loss it reported a year earlier.

Its group pre-tax loss was £69.9m after a one-off positive £35.4m exceptional item and £23.1m in other income was taken into account, it said.