Virgin Atlantic Doubles Profits, But Sees Loss

[Slats7]

Virgin Atlantic doubles profits, but sees loss | Reuters

Privately-owned airline Virgin Atlantic said yearly profits nearly doubled, but warned the weak economic environment would make it "almost impossible" for airlines to make a profit in the current year.

Good to see an airline double their profit but the future looks a bit bleak!

 

[JohnK]

Any airline making a profit in this economic climate is doing extemely well.

The results reflect a rise in the number of premium or first and business class passengers using the airline as well as its fuel hedging strategy, the group said, although Ridgeway said premium traffic across the board was now being damaged.

No surprise that premium passenger numbers are following the trends experienced by other airlines.