Virgin Atlantic Airways said Friday that the start of its current fiscal year “has been encouraging despite difficult trading conditions,” with revenue for its fiscal first quarter ended May 31 up 10% on the prior-year period to £513 million ($670 million) despite the impact of April’s volcanic ash cloud. Quarterly cargo revenue was up 36% to £52 million. Passenger load factor increased 5 points to 82%, it said, adding that it had 15% additional first-class ...

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