Hurricane disruption dents Virgin Atlantic profits
Virgin Atlantic blamed a ‘challenging macro-economic environment’ for a loss of nearly £28.4m before tax and exceptional items in 2017.
The results compare to a £23m the previous year.
Virgin said its finances were affected by the severe hurricane season in the Caribbean and US, industry-wide problems accessing engine parts and adverse exchange rates.
The airline flew 5.3 million passengers in 2017, 0.1 million fewer than in 2016. Load factor fell to 78.3% from 78.7%.
Chief executive Craig Kreeger said: "We continued to deliver industry-leading service in 2017 despite significant operational challenges, and a difficult economic backdrop."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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