United Kingdom
United States
Asia Pacific
Virgin Atlantic back to profitability
Virgin Atlantic is back in the black, posting a first profit of the post pandemic era.
It just posted its financials for the year ending 31 December 2024.
It generated record revenues, with a pre-tax profit of £20 million.
It saw record revenues of £3.3bn (up £183 million versus 2023) thanks to passenger capacity growth of 7.6%.
It cited the continued demand for business and premium leisure travel and the launch of Unlimited Availability reward seats for members of Flying Club.
Tour operator unit Virgin Atlantic Holidays reported revenue of £517 million, up 10% year on year and carried 255,000 holidaymakers.
It all contributed to the airline achieving its highest ever Earnings Before Interest and Tax (EBIT) of £230 million.
Virgin Atlantic carried 5.6 million passengers in 2024, achieving a load factor of 77.3%.
It had a record £1 billion revenue originating from the US.
Overall flight completion factor was 98.6% of scheduled flights and was recognised as the most punctual airline in the UK.
During 2024, Virgin Atlantic paid down £174 million of pandemic debt and ended the year with a total cash position of £443 million.
Shai Weiss, CEO, Virgin Atlantic, said: “Our performance in 2024 marked a big step forward in being sustainably profitable, with record revenues and operating profit achieved in our fortieth year.”
“Our teams do their absolute best, every day, to make our customers smile. It’s that simple.”
Related News Stories: Virgin Atlantic returns to Mexico with Cancun flights Virgin Atlantic opening LAX Clubhouse Philippines rolls out cruise guest visa waiver WestJet unveils comprehensive summer schedule, strengthening ... Bali flights resume after volcanic ash cloud clears Dame Irene Hays back on the shop floor for Peaks Australia regulator gives interim approval for Virgin-Qatar Airways ... London City Airport back in the black Passenger seat capacity: Record-breaking year in global aviation Unexpected wave rocks cruise ship
Learn more about : Virgin Atlantic ( United Kingdom )
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Qatar Airways adding Manchester flights
EU entry-exit system delayed again
ATC strike in Greece could disrupt flights this week
Jet2 unveils Samos as new Greek destination for summer 2026
Icelandair launches inaugural flight to Nashville