May 26: On the eve of its 25th birthday, Virgin Atlantic announced a pre-tax profit in the last financial year of £68.4million, up from £34.8million the year before.
The results are in marked contrast to British Airways, which posted a record loss. Sir Richard Branson, President of Virgin Atlantic, said: “The last financial year has proven to be the most volatile yet in our 25-year history. To increase profits against a backdrop of such a severe recession is an excellent achievement.”
Virgin Atlantic will celebrate its 25th birthday on June 22.