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Virgin Atlantic has reported its pretax profits
increased to £68.4million during the last financial year, up from
£34.8million the year before.
The strong results cover the period March 2008
to February 2009 and reflect some prudent management decisions
taken during the most volatile trading conditions in the airline’s
25-year history- where oil prices peaked at $147 per barrel and
subsequently dipped as low as $38 per barrel.
Group sales, including leading tour operator
Virgin Holidays, rose 8.4% from £2.380billion to £2.579billion.
The total number of passengers carried during 2008 increased to
5.77 million. Employees will benefit from a bonus payout, as 10%
of the group’s profits is shared among staff.
Sir Richard Branson, President of Virgin
Atlantic, said, "The last financial year has proven to be the most
volatile yet in our 25-year history. To increase profits against a
backdrop of such a severe recession is an excellent achievement by
all of our staff at Virgin Atlantic."
Virgin Atlantic will celebrate its 25th birthday
on 22 June 2009.
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