Virgin Atlantic returns to profit

Virgin Atlantic annual financial results confirm the successful delivery of the airline’s two year recovery plan and a return to profit. For the year ended 31st December 2014, the Group is reporting a profit before tax and exceptional items of £14.4m, representing an improvement of £65.4m on the previous year’s financial performance (£51.0m pre-tax loss in 2013). The results confirm that Virgin Atlantic has delivered on the target it set in February 2013 to return to profit within two years. Virgin Atlantic group revenue was £2.9bn in 2014, with airline unit revenue up 0.5% (up 3.5% at constant currency). The