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 ...

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