Virgin Atlantic posts loss on weak pound, hurricane impact
Virgin Atlantic reported a loss for 2017 Thursday, compared with a year-ago profit, due to a weaker pound, industry-wide engine supply issues and as hurricanes disrupted operations in the US and Caribbean. The airline, partly owned by US carrier Delta, said loss before tax and exceptional items was GBP28.4m for the year ended Dec. 31. It earned GBP23m a year earlier. Virgin Atlantic said total group revenue fell 1% to GBP2.7b last year. The company said it flew 5.3m passengers in 2017, 0.1m fewer than in 2016, while its load factor slipped to 78.3% from 78.7%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-16/unaligned/virgin-atlantic-posts-loss-on-weak-pound-hurricane-impact
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Virgin Atlantic posts loss on weak pound, hurricane impact
Virgin Atlantic reported a loss for 2017 Thursday, compared with a year-ago profit, due to a weaker pound, industry-wide engine supply issues and as hurricanes disrupted operations in the US and Caribbean. The airline, partly owned by US carrier Delta, said loss before tax and exceptional items was GBP28.4m for the year ended Dec. 31. It earned GBP23m a year earlier. Virgin Atlantic said total group revenue fell 1% to GBP2.7b last year. The company said it flew 5.3m passengers in 2017, 0.1m fewer than in 2016, while its load factor slipped to 78.3% from 78.7%. <br/>
