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 [2015] to $37 on Dec. 31), we did not benefit fully from the decline in price because of our hedging ...

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