Virgin Atlantic Ltd 2020 Financial results

Virgin Atlantic Ltd has released its annual financial results for the year ending 31st December 2020. The Group, comprising Virgin Atlantic, Virgin Holidays and Virgin Atlantic Cargo, reported revenue figures of £868 million, down from £2.9 billion in 2019; a pre-tax loss of £659 million before tax and exceptional items, and fair value movements versus a loss of £22 million in 2019. These results reflect the toughest year in the airline's 36-year history and the immense challenges that the airline industry has faced due to the Covid-19 pandemic.