6-Aug-2012 1:57 PM

Virgin Atlantic Airways reports GBP80m operating loss in FY2012

Virgin Atlantic Airways revenue up 3% - financial highlights for 12 months ended 29-Feb-2012:

  • Revenue: GBP2740 million, +3% year-on-year;
    • Cargo: GBP239.6 million, +7%;
  • Air Passenger Duty: GBP195 million, +25%;
  • Operating profit (loss): (GBP80.2 million);
  • Cash: GBP486.7 million;
  • Passenger numbers: 5.4 million, +2%;
  • Load factor: 78%;
  • 1QFY2013 forecast:
    • Revenue: GBP481.9 million, +5.8%;
    • Operating costs: Reduce by GBP50 million;
    • Passenger numbers: 1.3 million, +2.3%;
    • Load factor: 77%;
    • Fleet: Six A330s due for delivery in 2012. [more – original PR]

Virgin Atlantic Airways: “We have had an encouraging start to the year, continuing to grow our passenger numbers and our revenue. Our new route launches to Vancouver and Cancun will strengthen our position as the number one UK long haul leisure airline. The Mumbai route will prove very important in connecting business traffic from East to West via London and enabling the UK to better connect with the one of the world’s most vibrant economies,” Steve Ridgway, CEO. Source: Company statement, 03-Aug-2012.

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