Virgin Atlantic withdraws routes in bid to return to profitability

Virgin Atlantic is to concentrate on its core transatlantic services and withdraw services to Tokyo, Mumbai, Vancouver and Cape Town, in a bid to return to a  level of profitability which has proved elusive for the past 15 years.The airline, which is 51%-owned by its founder Richard Branson and 49% by US carrier Delta Air Lines, also said on Wednesday that Virgin was on track to make an annual profit by the end of this year, after two years of running at a loss.Virgin said it was targeting “record” profitability by 2018. The current record was set in 1999 when