Virgin Atlantic has released its financial results for the year to 31 December 2023.
The airline reported an overall loss before tax and exceptional items of £139 million.
https://corporate.virginatlantic.com/gl ... sults.html
The airline reported an overall loss before tax and exceptional items of £139 million.
https://corporate.virginatlantic.com/gl ... sults.html
Results reflect progress made in a year of sustained customer demand, as the airline capitalised on continued desire for premium leisure air travel and holidays. Virgin Atlantic reported record total revenue of £3.1 billion, up £265 million versus 2022.
Continued cost discipline, combined with enhanced fleet utilisation, contributed towards record Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of £352 million. Earnings Before Interest and Taxes (EBIT) of £80 million surpassed 2019 results, achieving a key milestone on the path to sustainable profitability. Losses before tax and exceptional items narrowed to (£139) million from (£206) million in the previous year and Virgin Atlantic is on course to return to profitability in 2024.