UK company Virgin Atlantic Group posted a £48.5 million ($67.6 million) net loss for 2017, reversed from a £187.3 million net profit for the year-ago period. The company cited “significant operational challenges and difficult economic backdrop” for the decline. During the year ended Dec. 31, 2017, Virgin Atlantic cut capacity 2.2% as transatlantic competition intensified, causing passenger numbers to drop 0.1 million to 5.3 million. Load factor fell 0.4 point to ...

Subscribe to Access this Entire Article

"Virgin Atlantic posts 2017 net loss on operational, economic challenges" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.