United Kingdom
United States
Asia Pacific
Profits up, sales down at Virgin Atlantic
Virgin Atlantic has posted better than expected pre-tax profits of £15.7million for the year ended April 2003.
It compares to a loss of £92.6million for the same period last year.
Chairman Sir Richard Branson said the results were a “fantastic achievement” given the difficulties the airline had faced due to SARS, the Iraq conflict and economic conditions.
However it was not all good news. Sales at the airline fell slightly from £1.49billion to £1.4billion and passenger numbers were also down from 4.089 million to 3.865 million. Virgin managed the profit partly because it has cut costs – staff numbers were down year on year from 7,969 to 7,393.
Meanwhile Virgin Atlantic continues to insist on the logic of a tie-up with bmi british midland. Merger talks between the two UK carriers collapsed in May.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’