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Virgin Atlantic posted pretax profit before exceptional items of £20m for 2024, compared to a pretax loss of £139m in 2023

Virgin Atlantic back in profit for first time since Covid

Virgin Atlantic, the British airline majority owned by Richard Branson, said it returned to profitability for the first time since the pandemic last year.

Business • 31 Mar

Virgin Atlantic posted an adjusted pre-tax loss of £139m for 2023 compared to a loss of £206m the previous year

Virgin Atlantic on course to return to profitability

Richard Branson's Virgin Atlantic said today it would return to profitability this year after strong demand from holiday makers drove revenue up by £265m to a record £3.1 billion in 2023.

Business • 03 Apr 24

Heathrow Airport had said that said lower fees would hit investment

UK regulator provisionally backs CAA on Heathrow charge

Britain's competition regulator said it provisionally backed the aviation regulator, the CAA, in most of its decisions over how much Heathrow Airport can charge airlines over the 2024-2026 period, after both airlines and the airport launched appeals.

Business • 08 Sep 23

The CEO of transatlantic-focused Virgin Atlantic said 2023 would be 'tough'

Aviation bosses worry about demand amid inflation

The outlook for airlines has darkened as the post-pandemic boom in travel wears off and recession looms, with carriers focused on Britain particularly exposed, industry executives have warned.

Business • 22 Nov 22

Virgin had to fight for its survival last year as its planes remained grounded for months

Virgin Atlantic receives £400m investment to pay debt

Virgin Atlantic has received £400 million of new investment from its shareholders, Virgin Group and Delta Air Lines, to bolster its balance sheet and pay down debt.

Business • 13 Dec 21

The airline has completing a restructuring deal designed to keep it going through the coronavirus crisis

Virgin Atlantic plans 1,150 more job cuts

Virgin Atlantic plans 1,150 more job cuts due to a slow recovery in demand, the airline said today after completing a restructuring deal designed to keep it going through the coronavirus crisis.

Business • 04 Sep 20

Virgin Atlantic had projected that it would run out of cash at the end of September unless its rescue deal was approved

Virgin Atlantic set to seal £1.2 billion rescue deal

Virgin Atlantic's £1.2 billion rescue deal is set for completion this week after a London judge sanctioned the airline's restructuring plan in a court hearing today.

Business • 02 Sep 20

The carrier will now face a court hearing on 2 September to sanction the restructuring

Creditors back £1.2bn rescue for Virgin Atlantic

Virgin Atlantic has said that creditors have approved a £1.2 billion (€1.3 billion) private recapitalisation to help ensure its survival.

Business • 25 Aug 20

The U.S. filing is an ancillary proceeding tied to a separate action filed in a British court

Virgin Atlantic files for US bankruptcy

Virgin Atlantic Airways is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in the country.

Business • 05 Aug 20

The airline has had to close its Gatwick base and cut over 3,500 jobs to reshape in light of the Covid-19 pandemic

Virgin Atlantic agrees £1.2 billion rescue deal

British airline Virgin Atlantic said it had agreed a private-only rescue deal with shareholders and creditors worth £1.2 billion to secure its future beyond the coronavirus crisis.

Business • 14 Jul 20

The UK's quarantine policy would leave Virgin Atlantic unable to fill planes, a source said

Quarantine would see Virgin Atlantic unable to fly

Virgin Atlantic will not be able to resume passenger flights until August at the earliest if Britain introduces a 14 day quarantine for travellers, according to a source at the airline.

Business • 15 May 20

Virgin Atlantic has said it will stop using Gatwick Airport as it cuts over 3,000 jobs

Virgin Atlantic to cut 3,150 jobs, stop using Gatwick

British airline Virgin Atlantic said today it planned to cut 3,150 jobs and would move its London Gatwick operations to Heathrow airport as it counts the cost of the Covid-19 pandemic.

Business • 05 May 20

Virgin Atlantic will only survive Covid-19 if it gets financial support from the UK government, its founder Richard Branson has warned

Virgin Atlantic will need UK government help - Branson

Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British government, the airline's founder Richard Branson said today.

Business • 20 Apr 20

EU Commission President Ursula von der Leyen promised 'rapid' legislation

EU to suspend landing slot rules to end 'ghost flights'

The EU will suspend a rule requiring airlines to run most of their scheduled services or else forfeit landing slots, to give carriers some breathing space as the coronavirus crisis deepens, EU chief Ursula von der Leyen has said.

Coronavirus • 10 Mar 20

Virgin Atlantic said it could serve up to 84 new locations from the expanded airport compared to its current 19

Virgin Atlantic eyes over 80 new routes at Heathrow

Virgin Atlantic said it is hoping to add over 80 new routes to its network after a third runway is built at London's Heathrow Airport to challenge Aer Lingus owner IAG's dominance at the airport.

Business • 18 Sep 19

Virgin Atlantic is the 1980s brainchild of British billionaire Richard Branson

Virgin Atlantic posts a loss for second year in a row

Virgin Atlantic has posted an annual pre-tax loss for the second consecutive year, hit by a shaky economy, the higher costs of fuel generated by weaker sterling and problems with Rolls Royce's Trent engines.

Business • 10 Apr 19

Flybe has agreed to be bought by a group comprising Richard Branson's Virgin Atlantic, Stobart Group and Cyrus Capital

Flybe confirms shareholder call for removal of chairman

Flybe Group has confirmed that its largest shareholder had urged the airline to remove Chairman Simon Laffin and investigate its cut-price sale to a consortium.

Business • 28 Jan 19

The deal values UK regional airline Flybe at £2.2m

Virgin Atlantic, Stobart and Cyrus buy UK airline Flybe

Richard Branson's Virgin Atlantic has teamed up with Stobart Group and Cyrus Capital to buy Flybe for £2.2m.

Business • 11 Jan 19

Flybe, the UK regional airline, announced last month that it was open to a sale

Virgin Atlantic says takeover talks with Flybe continue

Virgin Atlantic said today it was continuing to look at a range of options for Flybe Group, including making a takeover offer.

Business • 19 Dec 18

Flybe is struggling with falling demand, higher fuel costs and a weak British pound

Flybe shares soar on report of IAG now in takeover race

Flybe Group's shares surged 40% today after weekend reports that Richard Branson-founded Virgin Atlantic and Aer Lingus owner IAG will battle it out to buy the regional airline.

Business • 26 Nov 18

Virgin Atlantic tells EU that Aer Lingus/IAG deal would create a monopoly on some routes

Virgin Atlantic outlines Aer Lingus deal concerns

Virgin Atlantic Airways has warned the European Commission the proposed sale of Aer Lingus to the International Airlines Group (IAG) could have serious anti-competitive effects.

Business • 14 Apr 15

Virgin Atlantic has called on the European Commission to implement a package of remedies should IAG acquire Aer Lingus

Transport committee heard from Virgin Atlantic

The Oireachtas Transport Committee heard from a representative of Virgin Atlantic, who discussed the airline's concerns over the IAG bid for Aer Lingus.

Business • 02 Apr 15

Virgin says it wants legally binding commitments on the total number of Aer Lingus and BA flights from Ireland to the UK

Virgin to raise Aer Lingus concerns with EU

Virgin Atlantic is set to raise its concerns with the European Commission next week about the possible sale of Aer Lingus to the International Airlines Group.

News • 30 Mar 15

David Kennedy, CFO of Datalex, and Minister Richard Bruton at the opening of the new Datalex office in Beijing earlier this year

Datalex says trading in line with expectations

Travel software firm Datalex said its new customers will contribute to its revenue by the end of the year.

Business • 19 Nov 14

An airline spokeswoman said the flight turned around after 90 minutes

Passenger forces UK-bound plane to turn around

A rowdy British passenger forced a London-bound Virgin Atlantic flight to return to Hong Kong today after he "lost control", police said.

News • 11 Aug 14