12-Aug-2011 2:02 PM
Virgin Atlantic swings to profit, sees tough year ahead
Analysis
Virgin Atlantic has turned a record GBP132 million loss in 2009-2010 into a pre-tax operating profit of GBP18.5 million in the 2010-2011 financial year (12 months to 28-Feb-2011), boosted by a sharp recovery in the first half of the year. The return to profit was aided by strong growth in business traffic and solid load factors across all cabins.
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