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Virgin Atlantic reportedly to announce record annual loss: report

11-Mar-2013 11:08 AM

Virgin Atlantic is reportedly to announce a record annual loss of GBP135 million for 2012, according to a report by The Sunday Times. Virgin Atlantic CEO Craig Kreeger reportedly said the airline’s financial performance is “well behind where we anticipated” and reportedly has imposed an immediate salary freeze across the whole airline. Mr Kreeger has also launch a cost reduction plan.