Virgin Atlantic 787-9
Virgin Atlantic Group posted £22.5 million ($33.4 million) in pre-tax profit for 2015, up 81.5% from its £12.4 million pre-tax profit in 2014. The result does not include exceptional items and fair value movements such as a £198 million loss from fuel hedging accrued by the Group during the year. “While Brent Crude prices have fallen by 34% (from $56 on Jan. 1  to $37 on Dec. 31), we did not benefit fully from the decline in price because of our hedging ...
Subscribe to Access this Entire Article
"Virgin Atlantic Group reports $33 million pre-tax profit in 2015" 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.